Investor · Charlotte, NC · Member since 2014 · 131 posts · 46 votes
BP Community,
Starting out as a wholesaler I understand how
important it is to find great deals that investors can profit from. From
everything that I've heard and seen, the biggest mistake made by
inexperienced wholesalers and investors is inaccurately calculating the
ARV and repair costs on properties. I would rather take my time and do
things correctly opposed to rushing and tarnishing my reputation by
marketing weak deals. In saying that, I am looking to gain experience in
the rehab and eventually the buy and hold areas of REI. If you are a
rehabber or landlord, if given the chance to work personally with an
apprentice/mentee, what knowledge, skills, and abilities would you find
attractive and important to you?
Good for you for asking what others need. Often, people are so focused on themselves, they forget they are supposed to provide value for others to be successful.
The biggest trait I would be looking for is enthusiasm. If you are excited to be working with me, you'll happily do the menial tasks. Being entitled and "too good" to do things is my biggest turn off. I can already tell you are not like that, though in your OP.
Next, I want someone who is technologically savvy. I don't have time to train someone on basic computer skills. In this day and age, it's something you should have made a priority to learn a long time ago. You need to be able to search the web to investigate homes, use new programs that help me with automation and be looking out for new tools I can put in my toolbox.
Lastly, be pleasant. I don't like to be around negativity. We all have bad days, but if you're a total sourpuss, I don't want you in my life.
The rest I can train for, but it helps to have a realistic idea of ARV, repair costs, how to market a home, what a good photograph looks like, a firm grasp on language so you can communicate professionally, etc.
Dawn, thanks so much for your feedback. Those are all very common yet often times overlooked character traits that you'd come to expect from someone looking for guidance and support from a seasoned real estate investor. The "on the job" training is really where I could benefit from some training. Do you have any seasoned rehab/flippers and/or landlords contacts in the Charlotte, NC area that might be interested in my proposition?