It seems that most mentors want a lot of money upfront without any guarantee. How do you find a real estate investor mentor that will work with you for a percentage of the profit on the deals you find.
You should get a license rather than being a bird-dog. Your self-worth will go up and you will find a mentor who wants you in reciprocity.
They are called real estate brokers. You will need a RE license to mentor under them.
I have never heard of an investor mentoring a newbie for only a percentage. They are putting a value on their knowledge and services, for that you have to pay up front then typically a percentage on top of that.
If you want to invest in real estate, you should find a local real estate investment club. There are many around. They assist you in the local customs of buying and selling real estate. You might also find this mentor in this real estate investment group. You might find one that will give you consul on your particular investment without charge. Most would be glad to assist you and help you along. This mentor might not be there 24/7 but help you with advice and paper work. There are those that might take you by your hand and show you the ropes. If all you want to do is invest in real estate, you do not need a real estate license at all. If you do get a license, if you purchase a property from an individual you would have to make all sort of disclosures. There is nothing wrong with getting a license, however, for me I found it a little burdensome. You can accomplish the same objective without the real estate license. There might be a time when you would want to hire a real estate agent. Make sure the agent you hire understand that you are an investor and not just a buyer or seller that have emotions attached to the property you are selling or buying. I hope this has been of some benefit to you, good luck. FIGHT ON
Go to a truly property manufacturer dealer and ask them your questions. You'll ought to name forward for an appointment on account that generally they're booked. More than most likely in CA your education is on-line, then you're taking a experiment, you move, you then seem for a dealer to paintings underneath. They will normally inform you at that factor you wish to have $10,000 in advance to hide your first yr, extra schooling, you would want garments (might be they'll deliver you a jacket should you pay for it), and a brand new automobile. Then you are going to ought to take your publish education and move, get an occupationa license, make a record of the humans you are going to farm to (ship out your publish playing cards and introduce your self to) and begin your unbiased contractor trade. Maybe your present manufacturer does not desire to lose you, or feels on the grounds that you're cozy on your role why could you desire to go away there to grow to be unbiased and suffering. In such a lot locations now (might be now not CA) truly property earnings have dropped by way of two%, and can move bigger within the subsequent six months. So, on the grounds that houses are not promoting, there is just one rationale you would desire to grow to be a truly property agent, and that is on account that you suppose the economic system might be higher once more quickly. Good good fortune.
