Hi everyone my name is Isaac. Im a wise, intelligent, honest, and hard working beginning investor. Im 100% sure real estate investing is what i want to do for the rest of my life and so don't hesitate to message me [edited].
I would start by stating the type of experience you have, things you can do for the investor and in essence what value you bring to the table.
At the moment your "ad" reads like it has nothing but liability for the investor.
I would start by stating the type of experience you have, things you can do for the investor and in essence what value you bring to the table.
At the moment your "ad" reads like it has nothing but liability for the investor.
Experienced investors are always looking for wise, intelligent, honest, and hard working beginning investors, so they would not want to miss out on such an opportunity.
I have the same problem @Isaac Jones, it's all about what you can offer. Do you have good credit and can cover the construction cost and management of a flip? Are you sitting on a ton of cash and looking to be more the money man? What can you offer to make you attractive to another investor? I'm having a hard time with this myself because of my specific circumstances, but it's all about what you bring. Most people you partner with will understand and have probably already made money. What would make them want to pick you up and have you join their team?
Value..... If i was an established investor i would ask myself... "What do i want?" "what is valuable to me?" More money? More time? To be greater at my practice? Financial Security? Financial freedom? If i was flipping homes i should already have those things. What would i need from some nobody with no credentials. So i understand where your comming from. And im sure many people thing like that. But me. When I think... My conscious says...how can i help this person.? I only got so many years before its time to go and who will remember me? What do i want to be remembered as? A person who was generous or someone always trying to be better than the next man? Im extremely valueable because the way i THINK. Deep down i know whoever is generous enough to give me a chance will look back and say, "Thats one of the best investment i ever made" But there no way to prove that. Just like theres no way for an employer to tell if a persons resume is valid or false. You just got to use your intuition and try to make the best decision. So use it right now and ask yourself does this guy sound like 90% of the liars i encounter on a day to day bais? Or do i detect.... "He might just be telling the truth"
I lookin to learn. Im well familiar with the fact that there is ways to make a deal with no money. But i lack knowledge. Specifically with the ins and outs of contracts, with effective ways locate properties and with tax laws within my area. Im looking not for a parter i guess but a couch. As far as what i have to offer materially almost nothing. I have average credit, barely any saving, no 401k, relatively nothing. But i also know i dont really need nothin to engage in real estate. I just have to know exactly what im doin.
Finding a mentor is pretty easy, but most beginners take a really bad approach.
Think in terms of what you can offer someone in exchange for their knowledge. You say you're wise, intelligent, honest, and hard working. These are great qualities but odds are the mentor you are looking for already possesses these qualities and a team that does as well.
Try this angle. Make friends instead of trying to find a mentor, the line between friends and mentors is extremely fuzzy. I have really good mentors from BP like @Lee Huffman who is definitely a mentor of mine....and equally a close friend. We found common ground, we chatted up, we provide each other financial value.
Threads like these come off as "look I have value, you can't see it, I can't prove it, but you really should teach me everything you know so you can reap the benefits that I will certainly provide for you" Now, I know this isn't your intent, I'm just telling how these things come off. Everyone here are investors, we don't gamble, make yourself a sure return on investment for someone.
Want to know what your friends will teach you? Absolutely everything they know, happily, and endlessly. Find common ground, learn about how to provide value in real estate (find deals, find contractors, lenders, buyers, etc), be active in networking.
Lastly, understand that no one will be able to teach you everything, and no one will hold your hand through success, you HAVE to do it yourself. The more you do yourself the more committed you will become, the better investment you will be for a potential mentor.
I met @Alexander Felice by reaching out to people on BP that were in the area that I invest. When I visited the area (I live out of state), I met up with Alex and several other people. Most were friendly and nice, and we've continued to be friends and explore doing deals together.
@Isaac Jones anyone that responds to your post, the way it is written, isn't someone that you'd want mentoring you anyway. As the people above have suggested, your best approach is to have something to offer the person who would mentor you. As in any relationship, business or personal, it needs to be give and take... not just give, and not just take.
I'd recommend that you do a search for investors in your local area and offer to treat them to a coffee or a drink to see if there is a connection for future business, and possibly mentorship. If you listen to the BP podcast, you will hear that @Brandon Turner loves it when people ask to take him out for a coffee to get to know him and pick his brain.
Finally, don't rush into picking a mentor. Their focus may not align with the type of investing you are looking to do, or they may not be who they seem to be. Quite frankly, there are a lot of people that I've met that seemed so smart at first glance, but as I got to know them better, there's no way I'd trust their judgement. So, take your time in finding the right person to emulate.
@Isaac Jones You have to show what value you bring to the table. There are plenty of people who would say they are intelligent, wise, hard working. Do you have references? Do you have a track record?
I think you said something originally, before your post was edited about you making a lot of money by helping an investor out. That says that you are thinking about what the investor can do for you more than vice versa.
I think maybe what you could do is offer your services for basically free. Prove yourself invaluable. Once you've done that and developed a track record the money will follow.
@Isaac Jones, investors (or most mentors in general) tend to like people who are PASSIONATE, willing to learn and listen well. Unfortunately, these are qualities that are hard to convey via the internet.
You have shown some good signs on this thread by taking in the "constructive feedback", though the best bet would be for you to meet with some local investors in person, as has been mentioned.
Show them that you are hungry for knowledge (not just $$) and that you are not afraid of hard work and they will open doors for you.