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Rainmaker
768,935
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

CCIM CI 101 Financial Analysis. Best 1600 bucks I ever spent. You do not have to be a licensee to take it. Lots of investors take it.
There are great books out there! The Site Book is one of my favorites

And Linkedin has great investor groups!

Jan 05, 2020 12:46 PM
Ambassador
2,259,586
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Join Facebook Groups that are for investors/investments or attend real estate conferences for investors. There are endless resources available to you online. Here is a good article for you: https://www.biggerpockets.com/blog/finding-a-real-estate-investing-mentor

Jan 05, 2020 12:10 PM
Rainmaker
1,680,539
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

It all depends on what area you feel you need mentoring in James Kassouf . I'm now retired but if I knew what I know today and I was just starting I'd look for a mentor that shares my Christian values.

Jan 05, 2020 12:26 PM
Rainmaker
5,183,993
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

maybe Candice A. Donofrio will give you some direction with that....

Jan 05, 2020 12:22 PM
Rainmaker
405,048
Susie Kay
Ultima Real Estate - Plano, TX
North Dallas Specialist

Looks like Candice A. Donofrio have you covered. Good luck!

Jan 05, 2020 04:09 PM
Rainmaker
1,170,046
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Candice A. Donofrio has your answer. 

Jan 05, 2020 03:47 PM
Ambassador
4,107,952
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

I was going to suggest our commercial expert, Candice A. Donofrio , share her thoughts but she already weighed in. Good luck.

Jan 05, 2020 03:46 PM
Rainmaker
4,642,172
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Learning the ropes from and expert such as working with an investor would be key!

Jan 05, 2020 01:30 PM
Rainmaker
2,844,115
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I wish you all the best. 

Jan 05, 2020 01:04 PM
Rainmaker
3,081,014
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

A mentor is more for sales people. If your investing, i would hire the best agent who was completely ready, wiling and able to guide me, show me, get me deals and sell them for me in the area i wanted, 

Jan 05, 2020 12:22 PM
Ambassador
3,511,556
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Find an agent who is experienced in working with investors - either residential or commercial - they are not created equally! So, be sure that if you're searching for commercial investments, to use a commercial broker - and vice versa.

Good luck!

Jan 05, 2020 08:41 PM
Ambassador
4,448,733
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Work for someone who is already succeeding at this.

Jan 05, 2020 08:21 PM
Rainer
502,651
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

I would look for an investor from your area.  Take them out to lunch, pick their brain.   

Jan 05, 2020 08:07 PM
Rainmaker
469,221
Tom Bailey
Margaret Rudd & Associates Inc. - Oak Island, NC

You need to ind an honest agent! I have bought and sold commercial property with the help of a great agent. Ask for references 

Jan 05, 2020 07:50 PM
Rainmaker
5,580,531
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Join a company with an outstanding managing broker.

Jan 05, 2020 01:20 PM
Rainmaker
3,421,629
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Many commercial firms offer internships for agents wanting training. Consider them carefully. They are not the same. 

Jan 06, 2020 03:57 AM
Rainmaker
752,076
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

A trusted member of the family or a good family friend would be a good start.

Jan 05, 2020 03:03 PM
Rainmaker
811,357
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Find a local investing club or find a real estate agent who specializes in working with investors.

 

Jan 06, 2020 06:49 AM
Rainmaker
790,821
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

No one wants to get involved with a 'time-hole.' These are the most costly of mistakes. Since you already own qualified 'investor' property, this issue becomes less important and 'poaching' becomes the other problem.

Don't go chasing mentors without real business to pursue. You already know how to create revenue from vacant lots, parking lots. So, you know it's all about the numbers, when acquiring or investing.

In my opinion the first step is to identify an opportunity, then find your mentor in that market place. The local HEADLINE news is full of those opportunities. For example, when protesters show up on the plaza of the office building that spells opportunity.  That may mean developing current holdings, finding existing conforming property or collaboration with like-kind organization's.  It is when you have perceived business that is definable, that the search for a Mentor who will NOT SEE A TIME-HOLE pays real dividends.

Concurrent to this, joiining the organziations and taking the courses are never a bad idea.

Jan 06, 2020 05:46 AM
Rainmaker
3,280,649
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

See who may be a top commercial real estate broker and ask them to mentor you.

Jan 06, 2020 04:44 AM
Rainmaker
730,543
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Again, Candice A. Donofrio has your answer.

Jan 07, 2020 06:52 AM
Rainmaker
545,144
David Gibson CNE, 719-304-4684 ~ Colorado Springs Relocation
Colorado Real Estate Advisers LLC - Colorado Springs, CO
Relocation, Luxury & Lifestyle residential

James,

I agree with Richie Alan Naggar that finding a “potential” mentor is not that hard. The question is why they would want to mentor you so that you can be their competition?

There are ways that you may be able to be of value to someone who could be an excellent mentor but you need to give that serious thought.

As far as finding an investor mentor:

# 1 Talk to the local bank loan officers. Most likely they will take your name and pass it along to their good investor customers. They’re not going to give you their customers’ names.

Don’t ask to speak to the president of the bank.

You want to talk to a VP, Sr. VP or Executive VP of the bank. 

BTW, when I say bank I’m including savings banks, credit unions, etc.

# 2 Talk to mortgage lenders who are active in investor lending.

# 3 Analyze the deed records. If the buyer/owner is an LLC or corporation you can find out who the principal is. 

# 4 You can also see where the tax bill is sent for non-owner occupied properties. 

# 5 Review the permit records. Investors often improve the properties they buy and there will be a permit trail.

Last but not least. Do you require a local mentor or could it be someone outside your market?

If market information is available, including RPR, you may find someone outside the market will able and willing to be of far more help than a local mentor.

I hope this helps.

Jan 06, 2020 09:11 AM
Rainmaker
1,275,787
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

That depends on the type of investing you're looking at.  Buy & hold is different from fix & flip.  Single family is different than multi family.  Commerical and industrial are both different animals from each other, let alone residential.

 

First recommendation: get specific.

Jan 06, 2020 08:29 AM
Rainmaker
2,506,127
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Actually finding them is not an issue its getting them to accept you. Whats in it for them? When you answer that question...you will be closer to this...

Jan 06, 2020 07:12 AM
Rainmaker
4,208,674
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

An agent that does just commercial real estate with years of experience.

Jan 08, 2020 01:33 PM
Rainer
2,290
Randy Swihart
Reliable Mortgages, Inc. - Jacksonville, FL
Offers Investor Mortgages for rehab & Hard Money

Join local Investor Groups (REIA), Talk to experienced REALTORS, Lenders, Attorneys and Title Agents that work with Investors. Take seminars without being taken by scammmers. As an Experienced REO Broker I have mentored new Investors on what to look for by estimating rehab costs, acquisition, holding costs, disposition cost plus Estimated After Repair Values (with BPOs). ALSO WHEN TO WALK AWAY FROM A POTENTIONAL MONEY LOSING DEAL!

Jan 06, 2020 08:35 PM
Rainmaker
1,048,359
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

people you work with with mentor you. I have been 100% DIY. 

Jan 06, 2020 10:34 AM
Rainmaker
1,568,636
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Reach out and ask

Jan 06, 2020 09:37 AM
Rainmaker
953,744
Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I'd be hanging out in the many monthly ivestor group meetings and mixers that take place in your area and meet someone there. It starts with your own due dilligence on who'd be a fit and available to you.

Jan 06, 2020 07:00 AM