Posted by GL(ON) on July 19, 2002 at 08:13:06:
The best mentoring program consists of hooking up with a successful local investor for free.
Is there a real estate investor’s or landlord’s association in your area? That’s a good place to start.
Ask around (real estate agents etc) and find out who are the most successful investors in your area. Call them up and ask questions. Believe it or not, people love to talk about themselves and their activities LOL and to most people, when you start to talk real estate investing, they glaze over and turn off inside 2 minutes.
So don’t be afraid to talk to the experienced people. You will be amazed how helpful and forthcoming they are. One tip. When you call be prepared with one or 2 specific questions or areas you want to ask about. “How do I get rich quick” type questions are a turnoff, people who ask that kind of question are not serious and don’t listen to the answers.
The first time I did this many years ago, I was looking at a property for sale, that had been owned by a local investor a couple of years previously. I called him up and asked if there was anything he could tell me about the place that I should know before I bought it. He spent about an hour on the phone telling me all about it, and many other things, and invited me to his house for further conversations, all for free.