Tampa, FL · Member since 2018 · 51 posts · 53 votes
Hello all,
I'm going to be spending a tidy sum on inbound internet marketing starting late next week. My goal is to simply monetize as much of what comes through the pipeline as possible. So, I cannot be a one trick wholesaling pony.
To that end, my wife and I have been getting our ducks in a row.
RE license. Check.
Buyers list. Check.
Target market. Check.
That said, I have been finding it exceedingly difficult to:
Find a mentor and give them money for help with my "creative deals." Basically, I'd like to say "Hey John, I have a deal. If it's worth your time to help me get this done, you can have half of the money, I'll gain knowledge. We both win."
Find a real estate lawyer in FL who works with investors.
Finding a mentor and giving them money is hard. Finding a lawyer is hard. What gives? Everyone pounds the table saying "find a mentor and hire a lawyer" but why is it this difficult?
I would really appreciate feedback. Let me just quickly highlight that the strategy I've been using to find mentors is the strategy I've been using to find buyers; meet ups.
I've built a nice sized "buyers" list through meet ups but am skeptical these folks are even "buyers" as my success rate finding a creative real estate investing mentor who stands to benefit from the nearly $10k monthly I'll spend on marketing is proving to be an exercise in futility.
As a YouTuber myself, I see its flooded with GURUS promoting $500 - $5000 products on how to invest in real estate "creatively." It makes absolutely no sense for me to spend $5,000 on some course where the producer will pound the table telling me to hire a lawyer after I have paid him $5,000 - whereas, I could just pay a lawyer $5,000 to draw up a bunch of contracts.
Specialist · St. Petersburg, FL · Member since 2013 · 114 posts · 49 votes
7y
Hey @Account Closed!
Good for you for getting your ducks in a row. In regards to your original question about a quality mentor and a quality attorney...
Finding a good attorney: What type of attorney are you looking for? You don't really want a "jack of all trades" but someone who can advise you in your specific area of investing. I have another attorney I go to for all of my foreclosure or creative financing needs. I have an attorney I use in FL for my contract law, he reviews all contracts, writes agreements for me, and can help with closing but he cannot or chooses not to advise my on syndications, or foreclosure law as it's not his area of expertise. When that happens, he refers to me someone who is specialized in that area. I would start by figuring out what you need or want from an attorney, and possibly go to your local REI to get recommendations from others on who they use for what.
There are great attorneys in FL - so keep looking.
In regards to the "gurus" or mentors: You need to have a firm understanding of what you're getting with their mentorship or program. Some "gurus" offer education only - with no guidance or mentorship which sounds like this is less of what you desire. Correct me if I'm wrong, but it seems you're looking for an actual mentor; someone you can go to with specific questions relating to creative deals, structuring of offers, etc. There are mentors out there that offer this - but it will come at a cost. You're either willing to pay it or not. That's okay if you don't see the value, but that doesn't mean there aren't good mentors out there for you.
I think part of the issue is what you're expecting to get out of the mentorship or program. Most gurus or mentors aren't going to work on a "you get half basis" because if you don't get the deal closed, they just advised and assisted you for free. Typically, people who offer educational services have extensive experience and knowledge in their field, and are in the position to get paid for their advice wether it be through a program or hourly. Taking a risk on someone they don't know being the sole negotiator and liaison between a payday for them or not is risky.
Again, I suggest going to your local REIA and getting acquainted with the other investors in the area. Many times the REIA will have recommended mentors that their members have worked with, or you can chat with others to find out who they've learned from. While you can find people who will teach and work with you on a 50/50 deal it's likely not going to be the ones advertising in youtube or social media.
Hope this helps! Keep on going - you seem motivated and enthusiastic so I'm sure you'll do well!
Attorney · Akron, OH · Member since 2016 · 535 posts · 389 votes
7y
Gurus are scammers - same goes to many 'mentors.' Aside from that, think of creative financing as another tool in your tool belt to get a deal done. Most of the time, it is inappropriate, but if you deal with a more sophisticated seller, it may be ideal. Creative financing in real estate is fairly limited - it gets much more complex in business.
I'll also say finding a lawyer isn't that hard - they are all over. The issue comes with what expectations you have out of them and what fees they are charging. So, I guess finding a cheap good lawyer is hard. In the end, perhaps the larger law firm is better when you are getting sued.
Consider the language of "real estate investor," too. If you walk around saying your a real estate investor but don't have a portfolio or active-established real estate business, people will be confused, and it makes communicating your objectives more difficult.
Specialist · St. Petersburg, FL · Member since 2013 · 114 posts · 49 votes
7y
Hey @Account Closed!
Good for you for getting your ducks in a row. In regards to your original question about a quality mentor and a quality attorney...
Finding a good attorney: What type of attorney are you looking for? You don't really want a "jack of all trades" but someone who can advise you in your specific area of investing. I have another attorney I go to for all of my foreclosure or creative financing needs. I have an attorney I use in FL for my contract law, he reviews all contracts, writes agreements for me, and can help with closing but he cannot or chooses not to advise my on syndications, or foreclosure law as it's not his area of expertise. When that happens, he refers to me someone who is specialized in that area. I would start by figuring out what you need or want from an attorney, and possibly go to your local REI to get recommendations from others on who they use for what.
There are great attorneys in FL - so keep looking.
In regards to the "gurus" or mentors: You need to have a firm understanding of what you're getting with their mentorship or program. Some "gurus" offer education only - with no guidance or mentorship which sounds like this is less of what you desire. Correct me if I'm wrong, but it seems you're looking for an actual mentor; someone you can go to with specific questions relating to creative deals, structuring of offers, etc. There are mentors out there that offer this - but it will come at a cost. You're either willing to pay it or not. That's okay if you don't see the value, but that doesn't mean there aren't good mentors out there for you.
I think part of the issue is what you're expecting to get out of the mentorship or program. Most gurus or mentors aren't going to work on a "you get half basis" because if you don't get the deal closed, they just advised and assisted you for free. Typically, people who offer educational services have extensive experience and knowledge in their field, and are in the position to get paid for their advice wether it be through a program or hourly. Taking a risk on someone they don't know being the sole negotiator and liaison between a payday for them or not is risky.
Again, I suggest going to your local REIA and getting acquainted with the other investors in the area. Many times the REIA will have recommended mentors that their members have worked with, or you can chat with others to find out who they've learned from. While you can find people who will teach and work with you on a 50/50 deal it's likely not going to be the ones advertising in youtube or social media.
Hope this helps! Keep on going - you seem motivated and enthusiastic so I'm sure you'll do well!
Good for you for getting your ducks in a row. In regards to your original question about a quality mentor and a quality attorney...
Finding a good attorney: What type of attorney are you looking for? You don't really want a "jack of all trades" but someone who can advise you in your specific area of investing. I have another attorney I go to for all of my foreclosure or creative financing needs. I have an attorney I use in FL for my contract law, he reviews all contracts, writes agreements for me, and can help with closing but he cannot or chooses not to advise my on syndications, or foreclosure law as it's not his area of expertise. When that happens, he refers to me someone who is specialized in that area. I would start by figuring out what you need or want from an attorney, and possibly go to your local REI to get recommendations from others on who they use for what.
There are great attorneys in FL - so keep looking.
In regards to the "gurus" or mentors: You need to have a firm understanding of what you're getting with their mentorship or program. Some "gurus" offer education only - with no guidance or mentorship which sounds like this is less of what you desire. Correct me if I'm wrong, but it seems you're looking for an actual mentor; someone you can go to with specific questions relating to creative deals, structuring of offers, etc. There are mentors out there that offer this - but it will come at a cost. You're either willing to pay it or not. That's okay if you don't see the value, but that doesn't mean there aren't good mentors out there for you.
I think part of the issue is what you're expecting to get out of the mentorship or program. Most gurus or mentors aren't going to work on a "you get half basis" because if you don't get the deal closed, they just advised and assisted you for free. Typically, people who offer educational services have extensive experience and knowledge in their field, and are in the position to get paid for their advice wether it be through a program or hourly. Taking a risk on someone they don't know being the sole negotiator and liaison between a payday for them or not is risky.
Again, I suggest going to your local REIA and getting acquainted with the other investors in the area. Many times the REIA will have recommended mentors that their members have worked with, or you can chat with others to find out who they've learned from. While you can find people who will teach and work with you on a 50/50 deal it's likely not going to be the ones advertising in youtube or social media.
Hope this helps! Keep on going - you seem motivated and enthusiastic so I'm sure you'll do well!
Help with wrap around mortgages and all the legal things that go along with it.
I have no problem "sharing the wealth." Most "gurus" are not players so I am physically incapable of paying a Guru.
I've earned a good deal of money as a "guru" and my success 100% predicated on showing results - constantly, all the time. Footage. Footage. Footage. More footage. Edit it, upload. Sell product. Easy.
These RE gurus don't do that. They bloviate and you have no idea if they're the "real deal." Thus, I am struggling to find a "guru like me" - one who spends more time walking the walk, vs. building and marketing to e-mail lists for $1500 products.
That aside, it would be AMAZING to approach someone and say "hey Mrs. Creative Real Estate Investing Expert, can I PAY YOU to pick your brain?"
I've routinely booked calls for my clients on Clarity.fm in my consulting business and I would be THRILLED if there were a creative real estate investor, with bona fides who had a Clarity.fm (or something similar) set up to CHARGE for their time. I'm allergic to working for free and I imagine most investors are too.
I've gone to real estate meet ups - one last night. It was a joke. Not even sure how valuable this buyers list I've built is.
Underachievers and wannabes who meet regularly to I guess "talk" about real estate. I approached a big talker last night and that was a waste of time. I told the guy I've hired one of the best Google Adwords specialists on this side of heaven and will be deploying a substantial sum of cash to generate leads starting next week and would like help with my "non traditional retail / wholesale deals."
I cold offered the guy free inbound internet LEADS in exchange for tutelage, his reply; "why don't you just sell the leads?" before he started talking in circles.
He went from posing as an expert during the presentation to telling me to sell leads I generate on Google for $400 a pop. Wow.
Anyway, done venting. I will reach out via PM if it's not too intrusive.
Real Estate Consultant · Clarkston, MI · Member since 2009 · 859 posts · 349 votes
7y
I didn't read all the details on this but not all Gurus are scammers! Yes, some are...some don't know how to actually do what they offer but that is also unfair to say of everyone. Yes Creative Finance is alive and well..... but to be honest they won't "split the deal with you" to help you out. They have courses to get you from zero to 80% and can help with the rest once you are at that point. There is a lot of time to bring someone up to speed to split a deal with them. There are people in your local REIAs who might be willing to partner on a deal with you or be a coach but they are likely more then a course. If you are serous about a topic find the best rated course on the topic - invest in yourself and your education. We all have and we all still do. With that said it shouldn't be more then $1000 to find a good course. That $1000 will be so well spent for your real estate investing career. You don't need to spend 50k to learn this business but reading books, reading the forums, networking, joining a local REIA, attending all the Saturday workshops you can find that are under $100 each will boost your knowledge and ability to do this business quickly.
Just be careful if you do partner with someone in a local REIA who has only done a few deals - you wont' want the blind leading the blind. I hope this helps a little bit either way.
I didn't read all the details on this but not all Gurus are scammers! Yes, some are...some don't know how to actually do what they offer but that is also unfair to say of everyone. Yes Creative Finance is alive and well..... but to be honest they won't "split the deal with you" to help you out. They have courses to get you from zero to 80% and can help with the rest once you are at that point. There is a lot of time to bring someone up to speed to split a deal with them. There are people in your local REIAs who might be willing to partner on a deal with you or be a coach but they are likely more then a course. If you are serous about a topic find the best rated course on the topic - invest in yourself and your education. We all have and we all still do. With that said it shouldn't be more then $1000 to find a good course. That $1000 will be so well spent for your real estate investing career. You don't need to spend 50k to learn this business but reading books, reading the forums, networking, joining a local REIA, attending all the Saturday workshops you can find that are under $100 each will boost your knowledge and ability to do this business quickly.
Just be careful if you do partner with someone in a local REIA who has only done a few deals - you wont' want the blind leading the blind. I hope this helps a little bit either way.
Thank you for your reply! I understand you're a guru and are uniquely qualified to speak from the position of being a guru. Thus, I have a very simple question for you and any other gurus here.
If Jane Smith came to you and said "Mrs. Patton, what can I give you of TANGIBLE value - right now, in exchange for mentorship?" Would you direct them to your course, or, might they be willing to fill another need? Or, would you have a cold hard cash right now price for them?
I am of the opinion that the answer to that question should be simple; "an actual deal that I can actually make money on." From there the guru should say "here's what I define as a deal. If it doesn't meet these guidelines, please don't waste my time (in a nicer way)."
This same exact workflow worked for me when I entered the merchant cash advance industry in 2006. Before it exploded, you had to know someone to get in. In order to "get in" - I had to cold call the telephone book from home until I produced enough leads to be "brought in."
8 years later, I wrote the definitive book for Newbies...
That aside, I am of the opinion that...
Most Gurus are scammers. Easy example. You won't find a single wholesale guru that will tell you the act of marketing a contract in a property you have no interest in requires a real estate license. In short, getting a property under contract and plastering it all over Facebook without a license is a fast way to the poor house. No guru tells you that. Same with "Subject to" and "zero down." They won't let you know that "hey, you may be in violation of equity skimming laws even if you have the most benign intentions." Or "hey, you should probably have some money to cover payments in case the tenant / buyer bails on you..." "Oh, and if they trash the place, you're screwed..."
Any guru who is not willing to put a price on their time so as to engage with someone on a consulting basis is a scammer. I made my Clarity.fm price $1,000 as a "middle finger" to folks in the merchant cash advance business. Yet, they've booked calls at that $1,000 hourly rate and I delivered enough value to keep a stellar rating.
Any guru who is not willing to accept what amounts to $2,000 worth of leads purchased from Google.com, IN THEIR TARGET MARKET, and instead wants you to buy their $1,000 course, is a scammer. Google.com leads are HIGHLY motivated and HIGHLY expensive.
Any guru who is not willing to accept 100% of the proceeds for a deal in exchange for tutelage is a scammer.
You know what, maybe I shouldn't call them scammers. SORRY GURUS. Gurus simply capitalize on starry eyed dreamers who are incapable of taking action, and who need a jolt of "confidence." They are doing nothing illegal as long as they deliver the goods exactly as described.
Real Estate Consultant · Clarkston, MI · Member since 2009 · 859 posts · 349 votes
7y
@Account Closed I don't want to get into it with you on this forum as I don't speak anymore and I don't coach anymore. I used to do both. I give free advice all the time to people but mostly now it is in my REIA or with local real estate agents/investors. There is only so much time in each day and a true Guru should be doing deals and running their business, which means they don't have a ton of time to vet tons of deals with newbies who say they will split the deal with them. There is so much more to your statements and honestly I don't have the time to banter it fully. I tell most people they need a license and push them to get one - most states require it for you to even wholesale a deal. Most investors never get one and most don't get into trouble but you are right you have to be so careful and the wrong person (normally a real estate agent) can turn you in and you could be shut down. With that said though I am also one who wouldn't pay a dime for leads you purchased, it isn't how I do business, but there might be some who buy homes from Internet leads. Be careful not to put everyone into the same bucket. I don't put all Newbies into the same bucket, but 90% of people won't do anything with what they learn even when they have attended a 3 day bootcamp. Helping the other 10% is the key! Hopefully you can focus more on WHO is the right person to help you do deals and not worry so much about who isn't the right person. There are scammers in every business out there.
@Account Closed I don't want to get into it with you on this forum as I don't speak anymore and I don't coach anymore. I used to do both. I give free advice all the time to people but mostly now it is in my REIA or with local real estate agents/investors. There is only so much time in each day and a true Guru should be doing deals and running their business, which means they don't have a ton of time to vet tons of deals with newbies who say they will split the deal with them. There is so much more to your statements and honestly I don't have the time to banter it fully. I tell most people they need a license and push them to get one - most states require it for you to even wholesale a deal. Most investors never get one and most don't get into trouble but you are right you have to be so careful and the wrong person (normally a real estate agent) can turn you in and you could be shut down. With that said though I am also one who wouldn't pay a dime for leads you purchased, it isn't how I do business, but there might be some who buy homes from Internet leads. Be careful not to put everyone into the same bucket. I don't put all Newbies into the same bucket, but 90% of people won't do anything with what they learn even when they have attended a 3 day bootcamp. Helping the other 10% is the key! Hopefully you can focus more on WHO is the right person to help you do deals and not worry so much about who isn't the right person. There are scammers in every business out there.
Thanks again for your reply. You did mention in a prior post that you didn't read the entire thread and I think that may still be the case.
Let me laser focus on the points I was trying to make in hope to clear up confusion.
If I say "Wendy, how much money do I have to into the palms of your hands - right now for an hour of your time?" and you say "buy my course" - I'm running. I say that because Just about every professional I know is able to assign a dollar value per hour for their time. I've seen it range from $50 / hr for skilled blue collar labor, and have paid as much as $750 / hr for legal. Additionally, I've charged $1,000 per hour for consulting on Clarity.fm. I charged $1,000 per hour because that's the dollar value I assigned to my time. If you want me to stop generating leads and closing deals (in the biz loan field) to help you, you have to pay me $1,000 per hour. Thus, any GURU who has not assigned a dollar value to their time on a take it or leave it basis, is a scammer. Additionally, many GURUS don't realize that many folks would prefer to pay for an hourlong PAID consultation BEFORE forking over thousands of dollars for a course. Incidentally, these people end up with deals they'll need help with - thus empowering the "GURU" to max out on how much they make from the newbie - but I'm sure you knew this.
You're also still hyper focused on this 50/50 split stuff. I think I understand why. Nonetheless, if I say Wendy "what can I put into the palms of your hands RIGHT NOW, that you can see, touch, feel, etc in exchange for your help?" And you say "buy my course" - I'm going the other way.
In short, everyone has a price. I will walk 5 miles down the road stark naked for the right price.
It's amazing that you don't have a dollar price / value assigned to your time for folks who are not interested in buying your courses but who are happy to pay you - YOUR RATE on YOUR TERMS and on YOUR TIME. Ex; "Call me on Sunday morning at 11 a.m. and make sure you send me $2,500 on Saturday night otherwise don't bother."
Your "price" can be anything YOU want it to be. A puppy. A cup of coffee. A signed contract ready for you to e-mail to your buyers. A $1,000 an hour. And on and on. But GURUS tend to default to pushing folks to their online courses.
Someone buys the course, realize they're at risk for getting in trouble for not having a license, then, get spooked and leave. This is how the guru designed it to be. Most RE gurus know that most aspiring "investors" do not have the time or brain cells to pursue a license.
It's a greasy game.
Can't wait to clean this thing up by uploading hordes of free content and CASE STUDIES to starve out gurus. Enough is enough.
Wholesaler, Rehabber and Landlord · San Antonio, TX · Member since 2014 · 2k+ posts · 2k+ votes
7y
Hey @Account Closed, I think the problem is that not everyone sees things the same way that you do. Not good, not bad, just different.
Personally, I would NOT take in trade "Great Internet Leads" as payment. Most people want $$$ for their service.
I am sure there are people who will trade or barter their services. You just need to find the right person.
I am sure that yuou can figure out that if someone is guiding you through a transaction and it does not close, no one gets paid. You still have the knowledge to do another transaction the same way, but only YOU get paid, not the person who taught you.
If you called me and we tried to close 10 deals. I told you how to get all of them closed, but for some reason or another the seller did not want to sell or worse YOU were a scammer, none of the deals got closed. Nothing happened. Now you can go out there and will never need me again. I helped, took phone calls, gave all kinds of information yet got $0.00.
Now you have all the knowledge to go and do it on your own. Not fair. I am just saying THAT is why people do not neccessarily agree with you. Also, if they find your leads not valuable enough to them they may feel cheated.
Just saying that everyone is different. You will find your person.
About the everyone has their price. Sometimes people who have knowledge just want to sell it in an easy package and dont want to be bothered.
@Account Closed I don't want to get into it with you on this forum as I don't speak anymore and I don't coach anymore. I used to do both. I give free advice all the time to people but mostly now it is in my REIA or with local real estate agents/investors. There is only so much time in each day and a true Guru should be doing deals and running their business, which means they don't have a ton of time to vet tons of deals with newbies who say they will split the deal with them. There is so much more to your statements and honestly I don't have the time to banter it fully. I tell most people they need a license and push them to get one - most states require it for you to even wholesale a deal. Most investors never get one and most don't get into trouble but you are right you have to be so careful and the wrong person (normally a real estate agent) can turn you in and you could be shut down. With that said though I am also one who wouldn't pay a dime for leads you purchased, it isn't how I do business, but there might be some who buy homes from Internet leads. Be careful not to put everyone into the same bucket. I don't put all Newbies into the same bucket, but 90% of people won't do anything with what they learn even when they have attended a 3 day bootcamp. Helping the other 10% is the key! Hopefully you can focus more on WHO is the right person to help you do deals and not worry so much about who isn't the right person. There are scammers in every business out there.
Summerville, SC · Member since 2018 · 553 posts · 252 votes
7y
Maybe try approaching a local mentor for assistance. Someone with a smaller operation.. who doesn't really "promote" their mentorship with a robust website, coach packages, or a sales team.
Find someone who truly enjoys talking shop and is passionate about REI. Also, willing to help and inspire others. One-on-one. Then it just comes naturally, and you can work out the particulars much easier when it comes to payment.
Tampa, FL · Member since 2018 · 51 posts · 53 votes
7y
@Dave Rav
Spot on. I have to continue going to meetups to find these people.
Unfortunately, gurus are sponsoring meetups for the purpose of extracting as much money as possible from those who are gullible. It’s trial and error for now.
Summerville, SC · Member since 2018 · 553 posts · 252 votes
7y
@Account Closed, caution... Ms. Wendy Patton is a seasoned REI and long-time investor. She's been doing this for like 30 years and has done significant volume. Quite knowledge and expert in many areas, including wholesaling and creative techniques. I will say she is not merely just a "face" on BP. She's been around long before BP.
Tampa, FL · Member since 2018 · 51 posts · 53 votes
7y
@Dave Rav
I had done my homework on her far before she even posted on my thread.
She jumps in and tells me to invest $1000 into education and incidentally, her course is $1000.
I declined the opportunity to buy her stuff as I felt the money is better spent engaging in paid consultations with lawyers because I don’t need help finding deals, negotiating, etc. etc.
Deal structure (legalese) is where I’m stuck. This all started as a result of my finding it exceedingly difficult to find a lawyer who works with creative investors. I’ve solved that problem which obviates the need to buy any course.
I think that’s what every newbie should do. Find a deal. Call a lawyer. Skip buying someone’s course.
Investor/Agent · Kansas City, MO · Member since 2017 · 291 posts · 308 votes
7y
@Account Closed in pretty much every market on Craigslist you can find investors who are selling properties via lease option, owner finance or other strategies. These are real people doing real deals. I would start there first.
@Account Closed in pretty much every market on Craigslist you can find investors who are selling properties via lease option, owner finance or other strategies. These are real people doing real deals. I would start there first.
This is so simple and straightforward, you just made me feel incredibly dumb. Thank you for this. Makes total sense.
Specialist · Tampa Bay Area, FL · Member since 2018 · 106 posts · 72 votes
7y
@Jay Ballman
Hi Jay,
Thank you for posting! There are other ways to connect with industry professionals in addition to the meetups. I have actually never been to one but I have many friends in real estate 😉. There are bankers, attorneys, CPAs and brokers all over Tampa with deep community ties and knowledge, so you’re in the right place. Consider perhaps the real estate investment council here in Tampa. You might also consider meeting with tax CPAs and title or 1031 exchange attorneys and community bankers.
Rental Property Investor · Sioux Falls, SD · Member since 2015 · 9k+ posts · 18k+ votes
7y
Everyone is a buyer until you ask them for money. You have a contact list is what you have, but that is a great start. Find a deal and start calling down your list. All you need is one.
Finding an attorney shouldn't be too difficult. There is literally hundreds in your area, so this is a matter of making calls and connecting with people. The first thing is have a description of the types of things you want the attorney to do. Real estate is too general.
As you have already determined, guru are not mentors. They are people who make money selling programs. In fact most of them make way more money selling programs than they ever did in real estate. The type of mentor you want is a partner. Find the deals and partners are easy to find. Until then, it is all talk and anyone successful doesn't want to waste time on talkers.
Did you find a title company that is "investor friendly"? Although I am a newbie, establishing a relationship with a title company in my marketplace (Chicago suburbs) was on my short-list to get started. I was not aware, but Title companies have a formal relationship with attorneys. In fact the title company rep mentioned there is an agency relationship with the attorneys. You may want to ask an investor friendly title company for a few names of attorneys that may suit your needs.
I'm going to be spending a tidy sum on inbound internet marketing starting late next week. My goal is to simply monetize as much of what comes through the pipeline as possible. So, I cannot be a one trick wholesaling pony.
To that end, my wife and I have been getting our ducks in a row.
RE license. Check.
Buyers list. Check.
Target market. Check.
That said, I have been finding it exceedingly difficult to:
Find a mentor and give them money for help with my "creative deals." Basically, I'd like to say "Hey John, I have a deal. If it's worth your time to help me get this done, you can have half of the money, I'll gain knowledge. We both win."
Find a real estate lawyer in FL who works with investors.
Finding a mentor and giving them money is hard. Finding a lawyer is hard. What gives? Everyone pounds the table saying "find a mentor and hire a lawyer" but why is it this difficult?
I would really appreciate feedback. Let me just quickly highlight that the strategy I've been using to find mentors is the strategy I've been using to find buyers; meet ups.
I've built a nice sized "buyers" list through meet ups but am skeptical these folks are even "buyers" as my success rate finding a creative real estate investing mentor who stands to benefit from the nearly $10k monthly I'll spend on marketing is proving to be an exercise in futility.
As a YouTuber myself, I see its flooded with GURUS promoting $500 - $5000 products on how to invest in real estate "creatively." It makes absolutely no sense for me to spend $5,000 on some course where the producer will pound the table telling me to hire a lawyer after I have paid him $5,000 - whereas, I could just pay a lawyer $5,000 to draw up a bunch of contracts.
Thanks for listening and I welcome your thoughts!
So called Gurus and Mentors are a whole entire scam at this point. Your best bet is to work with Lawyers, learn how to do Inspection and Appraisal on your own or outsource the work to professionals, go to your local courthouse or work with disposition managers to find off market properties. Also, use some free resources online if you need to as well! Use online sources, work with lawyers, inspectors, appraisers and accountants to put the deals and they will be the people to work with. Skip the "so-called" mentors who deliver promises but in reality they are full of bs.
