Investing Out-of-State Mentors
Hi Everyone -
I've been eyeing a few multi-family deals out-of-state (CA) and I've found some where the numbers work. I've never invested out of state and was wondering what the best strategy would be to locate and approach possible mentors who have done this before?
Jason
Most Popular Reply
@Jason Scott Miller My only advice to you would be to be specific. Like @Matt K. is saying, very few (if any) will want to spoon-feed someone. And the person that knows about finding, managing, and handling a duplex in Akron probably isn't the same person that's buying 20 unit apartment buildings in Boise. If I was looking for a mentor I'd expect that 1.) I'd have to bring something to the table and 2.) I'd definitely want a subject-matter expert in what I was planning to do. And don't underestimate the value of having someone else tear your deal to shreds and point out all of the risks. Odds are that you've thought of some of them but not all of them.
As for finding them, start going to meet-ups and places like that. Odds are you'll bump into someone that's done what you'd like to do.