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9
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Tyler Watson
  • New to Real Estate
  • Gilbert, AZ
3
Votes |
9
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Seeking Mentorship or Guidance

Tyler Watson
  • New to Real Estate
  • Gilbert, AZ
Posted

I am a minor league baseball player and I have zero experience with multifamily other than what I have read on it. I understand the best thing to do is start but I feel unequipped to take that jump and was curious if there were any ways for me to learn hands on without being the risk taker so I can feel better doing it on my own in the future. Thanks!

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89
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51
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Andrew Moore
  • Real Estate Agent
  • Grand Rapids, MI
51
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89
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Andrew Moore
  • Real Estate Agent
  • Grand Rapids, MI
Replied

A lot of great feedback here. 

Put yourself in the shoes of this hypothetical mentor; What kind of person (traits, work ethic, level of understanding) would you like to take on as a mentee if you were the person you are seeking? Take those things and create habits around them so they become second nature if they aren't already.

I can't speak to the outcome of any of the aforementioned programs. However, regardless of what program you do, or steps you take, it is going to be beneficial to have a good foundation of knowledge to build off of. To get clarity on what mentor you might be looking for you need clarity on what kind of asset class you might be interested in long term; To get clarity there, you need an understanding of the pros and cons of various asset classes; To understand that you need to understand the variables that go into analyzing properties, and so on. 

I find that when networking, with a goal of finding a mentor like connection, it is much easier when you are confident in your ability to communicate intelligently about whatever industry/asset class it is you are hoping to learn about. You want to show that the relationship is not going to be one sided, but rather in exchange for them sharing their knowledge and experience you can provide some value in return. I think it is also important to be able to acknowledge where your understanding may stop, but an ability to learn and develop from where you currently are. 

Hope this adds a little different insight.  

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