Creative Investing Mentor

[Jesse A. Nieto]

Hey all. New to the forums. Newish to real estate. Living in Indianapolis for about a year and a half now.

My wife and I have bought 4 homes, 3 of which have been sold. Did the house hacking thing in Montana. Did the Airbnb thing in Virginia. Did a flip thing in Central Indianapolis. Now we have a property in Broad Ripple Indianapolis that will end up being a rental.

We're not far off from finishing the current project. Doing nearly all of the work ourselves. 

What I am specifically looking for for is a mentor who's involved in creative acquisition of real estate. Someone who has a good grasp of putting together win-win deals with prospective sellers and realtors. 

Right now I am just seeing if there is anyone out there who might be willing to take me under their wing a little bit and teach me some of the methods they've found successful. I'm sure whatever scenario we come up with will be beneficial for both myself and my potential mentor.

A little about me. I'm 40 years old, spent most of my adult life in construction. Will be pursuing both my realtors license and home inspection certification within the next 3 months.  I've set a few reasonable  goals for myself for the next 2-5 years.

if anyone has any ideas on where to find mentors in this industry, I'm all ears! Thanks everyone.

[Chris Seveney]

Quote from @Jesse A. Nieto:

Hey all. New to the forums. Newish to real estate. Living in Indianapolis for about a year and a half now.

My wife and I have bought 4 homes, 3 of which have been sold. Did the house hacking thing in Montana. Did the Airbnb thing in Virginia. Did a flip thing in Central Indianapolis. Now we have a property in Broad Ripple Indianapolis that will end up being a rental.

We're not far off from finishing the current project. Doing nearly all of the work ourselves. 

What I am specifically looking for for is a mentor who's involved in creative acquisition of real estate. Someone who has a good grasp of putting together win-win deals with prospective sellers and realtors. 

Right now I am just seeing if there is anyone out there who might be willing to take me under their wing a little bit and teach me some of the methods they've found successful. I'm sure whatever scenario we come up with will be beneficial for both myself and my potential mentor.

A little about me. I'm 40 years old, spent most of my adult life in construction. Will be pursuing both my realtors license and home inspection certification within the next 3 months.  I've set a few reasonable  goals for myself for the next 2-5 years.

if anyone has any ideas on where to find mentors in this industry, I'm all ears! Thanks everyone.

 Here is my brutal opinion on this - there are so many gurus and mentors touting "creative financing" right now to find a specific deal but what they do not mention is how much time and hours are spent on useless research and reach out. 

I see this in my note industry as well where people are looking for the perfect deal and I can send them 5 deals that are good deals with a decent risk profile but people would rather spend another month "searching" for something better or the needle in haystack.

Also what is "creative" = seller financing? Do you realize less than 1% of homes are sold seller financing. So lets say you make 200 calls a day 5 days per week - at the end of the month if you were to close one deal that probably be a win - but if you went the normal route what if you were closing 10 deals? 

Now of course money comes into play -  which people want "creative"  AKA over-levered and that never ends well.. Spoke to a guy yesterday owns 400 rentals that he has bought over last ten years and right now is considering going under because he over-levered them and he cannot afford taxes and insurance because of skyrocketing costs not in his control.