Newbie wholesaler in need of mentoring in Baltimore MD

Newbie wholesaler in need of mentoring in Baltimore MD

Baltimore, MD · Member since 2017 · 9 posts · 2 votes

Hello my name is Cassie and I have been to numerous seminars for flipping houses and wholesaling. I am very interested in wholesaling to start and would like some guidance from experienced active wholesaler in the Baltimore MD area. Please reach out need to really get out there.

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J ScottPro Member
Moderator
Investor · Sarasota, FL · Member since 2008 · 18k+ posts · 17k+ votes
9y
Originally posted by @Cassie Johnson:
Thanks anyways for at least asking and expressing your concern on whether or not helping with advice would take away from your pockets. Happy investing

I have over 17,000 posts on this website with advice (and probably the highest vote/post ratio of any long-time member of the site).  I have written tens of thousands of articles, blog posts and emails to people providing help, support and mentorship.  I spend hours a week having lunch/coffee/drinks with prospective investors who are looking for advice or want to pick my brain.  And I've spent thousands of hours personally mentoring about a dozen other investors (free of charge), who between them have done hundreds of deals and have made millions of dollars.  

So, despite your insinuations, I'm pretty sure I can't be accused of being stingy with providing information.

If you're going to ask someone to spend their time, effort and risk of competition in order to help a stranger who is offering nothing in return, you shouldn't be surprised when you don't get many responses to your post -- and the responses you do get are along the lines of what I wrote.

That said, I'm going to offer you some free advice that you're welcome to consider or ignore...you're choice:

The best way to get someone to volunteer their time to help you is to build a relationship with them first, or at very least to offer something in return.  The people I have spent time with and mentored have started the relationship by offering to take me to lunch or offering to help out on a project of mine or offering to do research for me or offering some other skill they have.  They didn't initiate the relationship by asking me give them something without offering anything in return (though I get those emails about 25 times/week as well).

The types of investors you would want to help you are the types that get dozens of requests per week for help.  Do you think they mentor everyone who asks them?  Or course not.  It's not that they/we don't want to help everyone; it's that we don't have the time/energy to help everyone.  We'd rather help those that are willing to make it as much about us as they make it about themselves.  But, when someone comes along and makes it about "me, me, me," it's easy to just ignore them and move on.

While you might think my response was harsh, notice that I at least responded.  Nobody else did.  And likely nobody else will.  Because those of us who have been around here for months, year or the better part of a decade realize that there are two types of people out there -- those who want something for nothing and those who are happy to earn the help they need.  

My recommendation is to start thinking in terms of the second group -- those are the people that I, and others, are happy to spend time, energy and money helping.

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  • J ScottPro Member
    Moderator
    Investor · Sarasota, FL · Member since 2008 · 18k+ posts · 17k+ votes
    9y

    What do you bring to the table?  Are you willing to work full time at it?  Do you have money for marketing?  Do you have any particular skills that would benefit an active wholesaler?

    My big is, why should a wholesaler who doesn't know you teach you how to compete with them?

  • Baltimore, MD · Member since 2017 · 9 posts · 2 votes
    9y

    Working full time at it No. I am doing this part time now. I have my own money for marketing

    As far as someone to be willing to show the ropes I don't see as a competition because if that was the case you wouldn't have top wholesalers who JV on deals and benefit from mentoring people by helping others out. I definitely wouldn't want to work with someone who is just money hungry and can't see a bigger picture when it comes to Real Estate Investing. Thanks anyways for at least asking and expressing your concern on whether or not helping with advice would take away from your pockets. Happy investing

  • J ScottPro Member
    Moderator
    Investor · Sarasota, FL · Member since 2008 · 18k+ posts · 17k+ votes
    9y
    Originally posted by @Cassie Johnson:
    Thanks anyways for at least asking and expressing your concern on whether or not helping with advice would take away from your pockets. Happy investing

    I have over 17,000 posts on this website with advice (and probably the highest vote/post ratio of any long-time member of the site).  I have written tens of thousands of articles, blog posts and emails to people providing help, support and mentorship.  I spend hours a week having lunch/coffee/drinks with prospective investors who are looking for advice or want to pick my brain.  And I've spent thousands of hours personally mentoring about a dozen other investors (free of charge), who between them have done hundreds of deals and have made millions of dollars.  

    So, despite your insinuations, I'm pretty sure I can't be accused of being stingy with providing information.

    If you're going to ask someone to spend their time, effort and risk of competition in order to help a stranger who is offering nothing in return, you shouldn't be surprised when you don't get many responses to your post -- and the responses you do get are along the lines of what I wrote.

    That said, I'm going to offer you some free advice that you're welcome to consider or ignore...you're choice:

    The best way to get someone to volunteer their time to help you is to build a relationship with them first, or at very least to offer something in return.  The people I have spent time with and mentored have started the relationship by offering to take me to lunch or offering to help out on a project of mine or offering to do research for me or offering some other skill they have.  They didn't initiate the relationship by asking me give them something without offering anything in return (though I get those emails about 25 times/week as well).

    The types of investors you would want to help you are the types that get dozens of requests per week for help.  Do you think they mentor everyone who asks them?  Or course not.  It's not that they/we don't want to help everyone; it's that we don't have the time/energy to help everyone.  We'd rather help those that are willing to make it as much about us as they make it about themselves.  But, when someone comes along and makes it about "me, me, me," it's easy to just ignore them and move on.

    While you might think my response was harsh, notice that I at least responded.  Nobody else did.  And likely nobody else will.  Because those of us who have been around here for months, year or the better part of a decade realize that there are two types of people out there -- those who want something for nothing and those who are happy to earn the help they need.  

    My recommendation is to start thinking in terms of the second group -- those are the people that I, and others, are happy to spend time, energy and money helping.

  • Baltimore, MD · Member since 2017 · 9 posts · 2 votes
    9y

    Response was not harsh at all and thank you for being real. I don't get that often at all. I am a newbie and most of what I get is a run around or them telling me hey you pay me 3k or 10k and part of your deal and I will have someone else work with you. I don't mond doing any of the things you mentioned but when I start hearing BS it really makes me start questioning the intent of most that I have run into whether it be via websites to live meetings. So again thank you for being real and giving a real prospective on what some seasoned investors are like.

  • Baltimore, MD · Member since 2017 · 9 posts · 2 votes
    9y

    I have been on the website for half the day. Mr. J Scott what is the quickest way to find the material you have posted. Also thanks again for the eye opener. I have run into too many who just didn't spite things out like you did. My hope is that I did not offend you in any way.

  • Dan BeaulieuPro Member
    Lender · Knoxville, Tennessee (TN) · Member since 2016 · 427 posts · 672 votes
    9y

    @Cassie Johnson

    You have thousands of mentors right here on BP. Anything that you ever want to know, just search the forums and if it isn't already answered previously, ask away! Within minutes you will have experts answering all of your questions. It's pretty damn amazing actually. A perfect example is how @J Scott, Author of the best book on house flipping took time out of his insanely busy day to answer your question right away. 

    Have you joined your local REIA? Started building relationships? Listened to all of the BP podcasts? Good Luck!

  • Baltimore, MD · Member since 2017 · 9 posts · 2 votes
    9y

    @Daniel Beaulieu

    Thanks I am still learning and reading a lot of forums. They are really helpful and I will continue to do that and reach out with questions. I haven't started building any solid relationships yet but will keep pushing with that to and I have researched some of the REIA in my area so I guess I am headed in the right direction. I have been driving for dollars seeing if I can get that down but then get frustrated because being new and you find what you think maybe good deals and you just let them sit but now that I seen a forum about being a birdog not sure if I should give those up in exchange for knowledge

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