Looking for a mentor in Fort Worth Texas

Looking for a mentor in Fort Worth Texas

Involved In Real Estate · Fort Worth, TX · Member since 2012 · 158 posts · 11 votes

For the past couple of years I have been sitting on the sidelines reading and trying to establish my business. I feel a strong calling for real estate and to help others. Growing up and seeing my parents face foreclosure was really painful and made me realize what I could do to help homeowners facing that same situation. 
I decided to jump into the restaurant industry by buying a small restaurant in December of 2010 and rehabbing it. Without any experience we went from very few customers to having a steady base but I found out that the restaurant biz was not for us so we sold it exactly a year later. It was a great experience and I don't regret it because I learned how to remodel, interact with customers, market and accounting. 
Fast forward to right now, I keep educating myself by reading as much as I can here on BP, attending reia meetings all over dfw and scanning the mls to see how the market in my area is doing. I want to take advantage of this real estate boom to secure a future for my family and help my aging parents retire. I am expecting  a baby boy any time know and I am thrillled about it.
I have a small online business and work from home so it's a great thing that I can raise my son. 
I have everything ready to go for a marketing campaign except I keep putting things up for later for fear of messing up. I am looking for a mentor to shadow and learn from. I am fluent in Spanish and I can be of help in this DFW market. I see great opportunity with the Spanish speaking community. I have also met with homeowners in the past but most had no equity in their homes so i passed those deals. I am eager to jump in and get some wholesale deals under my belt and help out as much as I can. Thanks

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  • J ScottPro Member
    Moderator
    Investor · Sarasota, FL · Member since 2008 · 17k+ posts · 17k+ votes
    14y

    My suggestion:

    Find a successful investor and tell him the following, "I'm willing to commit to working for your rehabbing business for 500 hours over the next 12 months, doing whatever it is you need me to do, even if it's menial tasks. In return, I'd like you to teach me how I can be successful doing what you're doing. I also promise that I will never compete with you in your market and I'll do my best to repay your generosity in the future when I have been successful and have the opportunity to do so."

    Then follow through on it.

  • Involved In Real Estate · Fort Worth, TX · Member since 2012 · 158 posts · 11 votes
    14y

    J Scott great advice and that's exactly what I would like to do.

  • J ScottPro Member
    Moderator
    Investor · Sarasota, FL · Member since 2008 · 17k+ posts · 17k+ votes
    14y

    I forgot the most important part -- you should be prepared to work just for the mentorship, not for any payment or salary...

  • Involved In Real Estate · Fort Worth, TX · Member since 2012 · 158 posts · 11 votes
    14y

    I am willing and able to do whatever it takes to learn alongside an experienced investor. I am not focused on the now reward in exchange for someone's time to mentor. Time is valuable and so is knowledge, that's payment enough for me.

  • J ScottPro Member
    Moderator
    Investor · Sarasota, FL · Member since 2008 · 17k+ posts · 17k+ votes
    14y

    David -

    You have the right attitude...you'll do well...

  • Real Estate Agent · Weatherford, TX · Member since 2011 · 726 posts · 284 votes
    14y

    Hey David, there are opportunities all around DFW. I've recently been working with a couple folks from right here on BP. Your Spanish could be a GREAT help to many in this area, especially with investors on North Side, where there's great opportunity for owner finance & rentals.

    My advice is find some folks on here and CL and start calling & emailing. Be sure you can sell yourself. You MUST have something to offer them for their time. You have a leg up being bilingual. Call every landlord with houses on North Side. Just some thoughts.

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