Should I go for this?

Question

Hello BPers

I’ve been looking for a mentor for a while and finally found a multimillion dollar investor here in the DFW metroplex(4000 doors)and he offered me a full time job as construction manger for $12/hour as a start and he said he will teach me and raise the pay when I prove my self.

The problem is I have to quit my job(UPS truck driver) which I make more than double that and loose all the benefits and insurance.

Should I go for it?

Thanx for taking the time to answer this?

Robert Goldman · Answer

Hell no!, the way this works is while you keep your regular job you look for a small investment that you can manage without giving up your job, as you grow in the field of real estate investing your confidence will grow, take this slow, the upside for you working this way is security, benefits, no stress, the downsides of you taking his offer are many, you can lose the job he is offering you anytime leaving you in a bad position.

David Avetisyan · Answer

Trading an insured job to help a ‘mentor’ fill a position with the hopes he passed on some knowledge sounds like your rolling the dice.

A good mentor would find another way besides putting his best interests over yours.

I’d look for another mentor.

To your success!

Corey Hawkinson · Answer

@Harith Hadi Teaching you is wonderful, but if you’re making $12 an hour how are you going to act upon that knowledge?

However, the bright side is that you have someone that made you an offer. Don’t directly say no. Talk through your concerns and try to negotiate. See if there is something else you can offer that works for both of you. A person with 4,000 doors likely doesn’t work a regular 9-5 shift. Maybe you could offer to help him out part time in exchange for the knowledge while keeping your regular job. Maybe there are other options.

Matt M. · Answer

@Harith Hadi

Construction manager at $12/hr? Do you have a family? Like to eat and pay your bills? That is barely a laborers rate for a 20 year old kid.

Look elsewhere.

Caleb Heimsoth · Answer

@Harith Hadi. Sounds like incredibly low pay depending on what you’d be doing

Ronald Rohde · Answer

Its a negotiation process, find what you would ideally want and counter with that. do you provide value to him?

Bart Charkow · Answer

Construction is an extremely complex and intricate industry.  Generally speaking, it takes years upon years to get the experience and know-how to properly run a construction project from start to finish.

Do you have any prior experience?  Can you read blueprints? Have you managed of team of sub-contractors? Are you literate in any trade (plumbing, electric, etc)? Can you estimate projects? Have you dealt with project scheduling? Do you have any accounting experience? Have you ever dealt with any DOB? Are you prepared to go "hands-on"?

I don't mean to bombard you however I'd like to be as honest as possible with you.  The bigger question is whether or not you have the ability or means to survive during the learning process.  If you do and you're passionate about the process, it's not impossible; but it will take time.

Harith Hadi · Answer

@David Avetisyan

Thank you

Harith Hadi · Answer

@Caleb Heimsoth

I know right!

But it’s the only choice I have to learn now,otherwise I would keep doing what I’m doing now and nothing going to change

Harith Hadi · Answer

@Bart Charkow

I don’t have any on this unfortunately,by I’ve been begging for someone to help to get out of the rat race and this is th only thing I came a cross.

Should I go for this?

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