All Forum Posts by: Account Closed

Check out the Ria group. They're extremely active.

Mini retirement! That sounds awesome!

So one of the most important things you can do in real estate is find a mentor. Not find one mentor find a lot of mentors. I personally have about five of them. People ask me what it takes to get a mentor. For me you have to provide value. Most of the people that you want to be mentored by are busy people. But they're still just people. No relationship in the history of relationships has been one sided. So how do you provide value if you are just getting started? Find out what that person needs and do it. I have 44 units. I found an awesome dude that has 300 units. I asked him to be in an accountability group together. We both share our goals once a quarter or once a month and hold each other accountable to accomplish those goals. He's looking to buy bigger properties that I am so we're not competition. I have another mentor who is 70+ years old. He's a cool dude that just likes to share his stories. Every time we get together I buy lunch. Below is the mentor how to guide. Step one: figure out who you want to be mentored by. For me this is getting involved in my local Rea or multi housing Association. Step two: approach that person and find out if they'd be a good fit for you. Step three: buy that person lunch. Step four: provide value provide value provide value. Everyone's different so you really need to find out from them what they need. For me I need somebody to help me find a value add 10+- unit apartment building in the western suburbs of Minneapolis. For my mentors I like to send out birthday wishes, articles about prom things relevant to their area. Launches, deals, investment strategies, whatever they need I'm there to provide. Bottom line is this. Look for ways to make it a win-win relationship. Nobody wants to be a mentor that sounds like a job. Everyone wants people around them that can provide value. Put in the comments below what The one step you're going to do today to get this accomplished in the next 3 months.

Hello Bigger Pockets!  Josh, thanks for putting this network of people together.  I do have a question.  I bought a house in college and kept buying things on the side while having a full time job.  Right now I have 33 "things" mainly condos that are mostly paid for.  I would like to get to 100 paid for units in the next 17 years but I am running into two problems.  

1. It has become harder to find good deals on condos or even multi unit buildings.  Thoughts on this?

2. I have paid for everything cash because lenders seem so hard to work with.  Every time I tell them what I am looking for they say yes the can do it but then send me a 20 page document to fill out.  Does anyone have a contact who would be interested in lending to someone in my situation on a line of credit situation?  I have good cash flow and a very high credit score.  

Thanks in advance for your response BP!