*In Search Of* Eastern North Carolina Mentor

6 Replies

Good Morning BP Nation,

Upon graduation from college I am ready to get into the real estate investing game. I am motivated and hungry to learn all that I can. Guy Adami once told me that there were 24 hours in the day “you’d be surprised how much you can accomplish.” I’m willing to work, if it means losing sleep so be it.

I’m hungry. I come to you today BP Nation in search of a mentor that will take me in and show me what I’m so hungry to learn about. Who is ready!?

Howdy!  Welcome!  There's a ton of information on BP!  Be sure to read through the forums, watch the webinars, listen to the podcasts, and even read some of the books they recommend on www.BiggerPockets/Books  Seek the information as t... Folks don't like when people don't look for their own answers.  But they are happy to help fill in the blanks.)

As for looking for a mentor, for whatever reason, folks on here don't like to be asked to mentor others. Not that they won't help you, but don't use that word. ;-P Interact on forums and meet Colleagues. As you learn you can ask your Colleagues questions. Another great place to meet folks is at your local Real Estate Investors (REI) meetings. You can find them listed in the Events and Happenings (or something like that) section of BP. You can also look for folks in your area that are on BP and see if anyone wants to meet for coffee or something.

Welcome to BP and good luck on your journey!  :-)

@Sebastian Kressley Why don't you make the trip to Raleigh a couple times a month and attend the local REIA meetings? There's a main meeting once a month, a meeting for new investors once a month, and several other sub-group meetings.

When you say you are ready to get into the real estate investing game (your words), what type of investing do you mean? Wholesaling, flipping, lending, landlording, PMing....?

@Sebastian Kressley since you are just starting out I would like to give you step 1 and give you a road map of sorts. Step 1 is to find out what it is you want to do (your niche). You find this out by picturing your end game and working backward. A big part of picking your niche is by deciding how hands on you want to be and how much time you want to dedicate to your choice. Next, you want to educate yourself. There are a ton of books you can read. I would look toward books that mirror your situation. This will help you avoid the shiny object syndrome that leads to over analysis. Once you find your niche and learn about it, you want to set clear goals. Again this is to keep you focused. After you educate yourself you want to network and brand yourself. People have to know who you are and what you want. Don’t be afraid to tell everyone you know. Most importantly put your pride out the equation. You have a goal and nothing should be able to dissuade you if it’s meant to be. Don’t let mistakes, embarrassments, or problems that WILL arise deter you. If you’re hungry show people just how hungry you are.

I agree you should have a mentor but, the way to get a mentor is not to ask for one, it is by attracting one. Make their time worth it. What I mean is find a few deals and ask people’s opinions on them. They will be more than happy to give you a few quick pointers on maybe some things you missed or some thoughts on what they like and task you with finding those things. The real estate game and business as a whole is about attracting people with value. To quote Tyrone Taylor “if you have a great deal, people will find you. But, they must know you exist and see value in what you have to offer.”

I sincerely hope this helps you get in the right mindset and at least gives you a guiding point in the first steps of the journey you are about to embark on. I leave you with this final thought, success is not a destination but a journey. Every step you take is a step closer to the destination. Enjoy the journey.

Originally posted by @Adam Schneider :

@Sebastian Kressley Why don't you make the trip to Raleigh a couple times a month and attend the local REIA meetings? There's a main meeting once a month, a meeting for new investors once a month, and several other sub-group meetings.

When you say you are ready to get into the real estate investing game (your words), what type of investing do you mean? Wholesaling, flipping, lending, landlording, PMing....?

 Thank you very much! I am now signed up for the Triangle Real Estate Investor Association, they have a beginner seminar on November 8th! Ideally my first property I will look for will be a multifamily and house hack until I can build the capital to move onto my next project.

Originally posted by @Michael Macklin :

Sebastian Kressley since you are just starting out I would like to give you step 1 and give you a road map of sorts. Step 1 is to find out what it is you want to do (your niche). You find this out by picturing your end game and working backward. A big part of picking your niche is by deciding how hands on you want to be and how much time you want to dedicate to your choice. Next, you want to educate yourself. There are a ton of books you can read. I would look toward books that mirror your situation. This will help you avoid the shiny object syndrome that leads to over analysis. Once you find your niche and learn about it, you want to set clear goals. Again this is to keep you focused. After you educate yourself you want to network and brand yourself. People have to know who you are and what you want. Don’t be afraid to tell everyone you know. Most importantly put your pride out the equation. You have a goal and nothing should be able to dissuade you if it’s meant to be. Don’t let mistakes, embarrassments, or problems that WILL arise deter you. If you’re hungry show people just how hungry you are.

I agree you should have a mentor but, the way to get a mentor is not to ask for one, it is by attracting one. Make their time worth it. What I mean is find a few deals and ask people’s opinions on them. They will be more than happy to give you a few quick pointers on maybe some things you missed or some thoughts on what they like and task you with finding those things. The real estate game and business as a whole is about attracting people with value. To quote Tyrone Taylor “if you have a great deal, people will find you. But, they must know you exist and see value in what you have to offer.”

I sincerely hope this helps you get in the right mindset and at least gives you a guiding point in the first steps of the journey you are about to embark on. I leave you with this final thought, success is not a destination but a journey. Every step you take is a step closer to the destination. Enjoy the journey.

 Thank you very much Michael! This does help a lot I am going to start in a multi family home and house hack while building up my capital to eventually move onto another project. "Leave your pride at the door" I love that advice, thank you Michael. I need to always remember never overwhelm myself and set realistic goals.

@Sebastian Kressley (nicknamed? Sea Bass if you are a Hurricanes fan, aka Sebastian Aho ;) 

I currently have a project in Greenville NC. I will show you what I am doing in exchange for your HUNGER to learn. That means you need to WORK. There will be physical and mental labor involved. I am about 3X your age so it will be interesting to see if you can keep up with me;) 

Regarding your Shark Tank like question, 'Who is ready!?' I am! Maybe not a shark, but more like a Walleye;) You are a BP PRO and I am not, so send me a PM so I can give details and let's see! 

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