Seeking Advice on Coaching/Mentor Programs for Real Estate Investing
Investor · Atlanta, GA · Member since 2024 · 4 posts · 1 vote
Hi BiggerPockets community,
I’m fairly new here and somewhat new to real estate investing. I have every intent to complete my very first fix-and-flip project in 2025!
As I look to grow, I’m considering joining a coaching/mentorship program like Partner Driven or something similar. These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors. However, they also come with a significant upfront investment.
Before I commit to anything, I’d love to hear from those with experience:
Are these programs worth the investment?
Have you found them to be genuinely helpful in advancing your real estate goals?
Are there other, more cost-effective alternatives to gain similar support and knowledge?
Any insights, advice, or personal experiences would be greatly appreciated! Thank you in advance for helping me navigate this decision.
Hi BiggerPockets community,
I’m fairly new here and somewhat new to real estate investing. I have every intent to complete my very first fix-and-flip project in 2025!
As I look to grow, I’m considering joining a coaching/mentorship program like Partner Driven or something similar. These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors. However, they also come with a significant upfront investment.
Before I commit to anything, I’d love to hear from those with experience:
Are these programs worth the investment?
Have you found them to be genuinely helpful in advancing your real estate goals?
Are there other, more cost-effective alternatives to gain similar support and knowledge?
Any insights, advice, or personal experiences would be greatly appreciated! Thank you in advance for helping me navigate this decision.
I have a long history of fix and flips in several states and the first thing I want to point out is that you make your money in the "buy". You have to buy right, know where the market is headed, know ALL of your expenses and know what your various "outs" are before you commit to a property or you will lose your shirt.
Thank you so much for this advice! I thoroughly understand what you mean. I've been an excellent student of calculating repair costs and ARV. I worked adjacent to a couple of rehab teams on the admin side. I feel I'm finally ready to spearhead my own project. I just wondered if working with one of these mentor groups would add an extra layer of expertise, or if it wasn't worth the hassle. Once again thanks so much for your reply. I'm trying to learn all I can possibly ingest!
Hi BiggerPockets community,
I’m fairly new here and somewhat new to real estate investing. I have every intent to complete my very first fix-and-flip project in 2025!
As I look to grow, I’m considering joining a coaching/mentorship program like Partner Driven or something similar. These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors. However, they also come with a significant upfront investment.
Before I commit to anything, I’d love to hear from those with experience:
Are these programs worth the investment?
Have you found them to be genuinely helpful in advancing your real estate goals?
Are there other, more cost-effective alternatives to gain similar support and knowledge?
Any insights, advice, or personal experiences would be greatly appreciated! Thank you in advance for helping me navigate this decision.
I have a long history of fix and flips in several states and the first thing I want to point out is that you make your money in the "buy". You have to buy right, know where the market is headed, know ALL of your expenses and know what your various "outs" are before you commit to a property or you will lose your shirt.
Hi BiggerPockets community,
I’m fairly new here and somewhat new to real estate investing. I have every intent to complete my very first fix-and-flip project in 2025!
As I look to grow, I’m considering joining a coaching/mentorship program like Partner Driven or something similar. These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors. However, they also come with a significant upfront investment.
Before I commit to anything, I’d love to hear from those with experience:
Are these programs worth the investment?
Have you found them to be genuinely helpful in advancing your real estate goals?
Are there other, more cost-effective alternatives to gain similar support and knowledge?
Any insights, advice, or personal experiences would be greatly appreciated! Thank you in advance for helping me navigate this decision.
I have a long history of fix and flips in several states and the first thing I want to point out is that you make your money in the "buy". You have to buy right, know where the market is headed, know ALL of your expenses and know what your various "outs" are before you commit to a property or you will lose your shirt.
Thank you so much for this advice! I thoroughly understand what you mean. I've been an excellent student of calculating repair costs and ARV. I worked adjacent to a couple of rehab teams on the admin side. I feel I'm finally ready to spearhead my own project. I just wondered if working with one of these mentor groups would add an extra layer of expertise, or if it wasn't worth the hassle. Once again thanks so much for your reply. I'm trying to learn all I can possibly ingest!
Hi BiggerPockets community,
I’m fairly new here and somewhat new to real estate investing. I have every intent to complete my very first fix-and-flip project in 2025!
As I look to grow, I’m considering joining a coaching/mentorship program like Partner Driven or something similar. These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors. However, they also come with a significant upfront investment.
Before I commit to anything, I’d love to hear from those with experience:
Are these programs worth the investment?
Have you found them to be genuinely helpful in advancing your real estate goals?
Are there other, more cost-effective alternatives to gain similar support and knowledge?
Any insights, advice, or personal experiences would be greatly appreciated! Thank you in advance for helping me navigate this decision.
I have a long history of fix and flips in several states and the first thing I want to point out is that you make your money in the "buy". You have to buy right, know where the market is headed, know ALL of your expenses and know what your various "outs" are before you commit to a property or you will lose your shirt.
Thank you so much for this advice! I thoroughly understand what you mean. I've been an excellent student of calculating repair costs and ARV. I worked adjacent to a couple of rehab teams on the admin side. I feel I'm finally ready to spearhead my own project. I just wondered if working with one of these mentor groups would add an extra layer of expertise, or if it wasn't worth the hassle. Once again thanks so much for your reply. I'm trying to learn all I can possibly ingest!
Hi BiggerPockets community,
I’m fairly new here and somewhat new to real estate investing. I have every intent to complete my very first fix-and-flip project in 2025!
As I look to grow, I’m considering joining a coaching/mentorship program like Partner Driven or something similar. These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors. However, they also come with a significant upfront investment.
Before I commit to anything, I’d love to hear from those with experience:
Are these programs worth the investment?
Have you found them to be genuinely helpful in advancing your real estate goals?
Are there other, more cost-effective alternatives to gain similar support and knowledge?
Any insights, advice, or personal experiences would be greatly appreciated! Thank you in advance for helping me navigate this decision.
I have a long history of fix and flips in several states and the first thing I want to point out is that you make your money in the "buy". You have to buy right, know where the market is headed, know ALL of your expenses and know what your various "outs" are before you commit to a property or you will lose your shirt.
Thank you so much for this advice! I thoroughly understand what you mean. I've been an excellent student of calculating repair costs and ARV. I worked adjacent to a couple of rehab teams on the admin side. I feel I'm finally ready to spearhead my own project. I just wondered if working with one of these mentor groups would add an extra layer of expertise, or if it wasn't worth the hassle. Once again thanks so much for your reply. I'm trying to learn all I can possibly ingest!
Ken, you're gold! Thanks again for your insight.
@Portia Dampier Hey Portia. The two residential mentorships I did were bogus and a waste of about $15,000 all in that could have gone towards a project.
I would recommend looking into the SCORE Mentorship program. (Google it) It’s a nationwide program and Is free. They also offer courses and webinars. It’s a business oriented mentorship but the man I was paired with was well versed in all aspects of real estate investing and development.
They won’t offer financial advice or specifics about what they think you should do but are there to answer questions and help you look at things from different perspectives.
I’d recommend looking into this in conjunction with whatever other program you choose. It’s 1:1 and you can meet 1X or as often as you want.
After my initial email contact with my mentor I wrote out a list of questions for our phone call and we worked our way through them during our call.
I’ve been back in touch several times as questions arise. They have mentors in all different business sectors.
Hi BiggerPockets community,
I’m fairly new here and somewhat new to real estate investing. I have every intent to complete my very first fix-and-flip project in 2025!
As I look to grow, I’m considering joining a coaching/mentorship program like Partner Driven or something similar. These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors. However, they also come with a significant upfront investment.
Before I commit to anything, I’d love to hear from those with experience:
Are these programs worth the investment?
Have you found them to be genuinely helpful in advancing your real estate goals?
Are there other, more cost-effective alternatives to gain similar support and knowledge?
Any insights, advice, or personal experiences would be greatly appreciated! Thank you in advance for helping me navigate this decision.
Hi Portia,
Love the goal for 2025, great way to kick off your investing journey! I personally did not subscribe to paying for coaching in the initial phases, i believe there is plenty of free content and also books out there that can coach the early steps. I would invest in coaching after you've done a deal or two and can truly benefit from it.
What i would recommend is joining a REA or other real estate meet-up group where you can connect with other likeminded individuals consistently and share knowledge. I host a free virtual one every Wednesday (that is not new years day) and would be happy to send invite if you like.
Hi Portia,
I would just reiterate what Niyi said. Before you jump into some type of mentorship (that they usually want you to pay for), I would start doing some meetups in your area with local real estate investors. Sometimes these are the best way to learn.
You can try - meetup.com or eventbrite.com
Good Luck
That's how I started, with a company called Flip More Deals (currently called the Growth Collective) they were very hands on and helped me through the entire process and connected me with a lender and gap funder, very hands on you should check them out.
Hi BiggerPockets community,
I’m fairly new here and somewhat new to real estate investing. I have every intent to complete my very first fix-and-flip project in 2025!
As I look to grow, I’m considering joining a coaching/mentorship program like Partner Driven or something similar. These programs often assert to guide you step-by-step through the process, provide assistance with funding, and connect you with contractors. However, they also come with a significant upfront investment.
Before I commit to anything, I’d love to hear from those with experience:
Are these programs worth the investment?
Have you found them to be genuinely helpful in advancing your real estate goals?
Are there other, more cost-effective alternatives to gain similar support and knowledge?
Any insights, advice, or personal experiences would be greatly appreciated! Thank you in advance for helping me navigate this decision.
Hi @Portia Dampier, welcome to the BP Forum! Are you just looking at fix/flip opportunities? Are you interested in long term rentals at all? And what type of property are you drawn to for fix/flip? A certain number of BRs? A certain SF? Something that requires heavier rehab, or just cosmetic? And is there a certain area in ATL (ITP or OTP?) that you find interesting, or you're connected to personally somehow?