How can someone who's new to real estate build connections on the Internet?
Hello everyone,
I'm currently new to the real estate investing scene and I've been reading the "How to invest in Real Estate" by Josh Dorkin and Brandon Turner. I've found this book to be a real eye opener to someone like me who has little to no knowledge of real estate. But my question is, how can I build relationships with people who have the knowledge and the experience and get them to be willing to take me under their wing to teach me? I've offered to work for free ( I currently work at an investment company) but they don't seem to care and was told by one that if they did that then I would be competition. I found this silly but I understood in a way as well. So, if anyone could give me any advice on how they built their connections to finally feel like you have someone that you can come to with your questions, it would be much appreciated. I hope to build some relationships on this forum as well and hope to find some local investors that would like someone they could teach the ropes as the saying goes.
Thank you!
Most Popular Reply
@Christopher Call what part of real estate are you wanting to get involved in? Are you wanting to be a real estate investor, service provider to investors? Our team was just talking about this together and when thinking about connecting with people, there are really three things that can be brought to the table to make yourself appealing to work with: 1) Money, 2) Time, 3) Skills (credit to @Dave Meyer for these concepts).
I used to believe that bringing any one of these to the table was enough and you could find someone who has the other two. But if you can bring two of these to the table when having a conversation with someone, then I think that will make connections for you much easier. Seeing how you're still in college, my guess is the harder one for you to bring is money, so focus on the other two.
Time is easy to give. Protect that so it can be used.
For skills. I want to draw the distinction from knowledge or education. I don't think listening to podcasts and reading books builds skills, that only builds knowledge. Skill is gained from practice. So you need to get out and practice. Thats why I'm asking what area of real estate you're interested in, thats where you need to practice. For instance, if you want to be a long-term buy-and-hold investor, then get some practice as a handyman, which is a core skill in managing a property. Get some practice as a leasing agent. Then take those skills (and your time) and reach out to other investors.
Last thing, if you want to connect with folks online today, grab a free BiggerPockets account, and click around on the map near you to see real estate investors near you. Simply click connect and see what happens.
Best,
Laurence