Psychotherapist to real estate- network

[Lisett Tito]

Hello everyone,

I'm a full time psychotherapist in Chicago and entering the world of real estate. My world at the moment revolves around therapy and mental health, which I love and enjoy. I am however finding it difficult to connect with others in the real estate world. I've joined facebook groups and will be attending an investor meet up this month. Any tips on how to continue to connect with others, CPAs, lenders, lawyers, agents, what to look for and of course staying safe financially? 

Appreciate the feedback! 

My partner & I were just in a discussion about hiring a therapist for our real estate clients and some of our tenants. Maybe even using one for ourselves. With regards to connecting with others, I think you already know how to do that. The last part of your question- How to stay safe financially.....  Here's what we do.

1. We establish a minimum Return on Investment for our business. Every deal is evaluated against that ROI minimum

2. We update our ROI requirements quarterly. We use the Stock Market as a barometer for our ROI requirement.

3. Analysis, Analysis, Analysis- Make your decisions based on data, not hunches (unless you have some kind of inside information). 95% of the time you will be able to find market data to support or not support an investment. This is a data driven business. Once you've established your criteria for investment then use the data to support your analysis of every deal presented to you.

4. Have Fun- otherwise you'll end up sitting in a therapist chair yourself

[Jonathan Klemm]

@Lisett Tito - Welcome to BP and congrats for getting out into the real estate space!

Definitely just keep doing what you are doing and reach out & ask questions.  There are a ton of great resources here on bp and even better people - especially the Chicago group.

You should definitely connect with @Michael J Scanlon @Eudith Vacio or @Tony Freeman from the agent side (they all work with investors and that's what you need) and then link up with @Michael Facchini or @Zack Karp, who both work on the lending side with a ton of investors.