Updated over 11 years ago on . Most recent reply
How to be a Mentor
I have been investing for about 5 years and educating myself for about 10. Recently a young associate I work with has approached me about helping him get started in real estate. I love to teach and often learn more then I teach so I am very open to assisting this young man. He has a lot of initiative and a back ground in building so I feel that I will not be wasting my time and if things work out would consider him working with/for me.
My question is how do I structure this relationship. The best way to learn is by doing I believe but I do not want to take advantage of him while also realizing I am paying him in knowledge. I don't intend him to do any manual labor just run comps, meet contractors, etc. The normal daily business we do in flipping, rehabbing, and rentals. Any insight will be appreciated.
Thanks