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Find A Mentor To Help You Succeed

April 28th, 2008 by rosie · No Comments

Ok. So we moved back to the New Orleans area after living in Minnesota for 2 years, thanks to Hurricane Katrina.

And when we got back, I started dabbling in real estate investing. So it’s been about 6 months and I’ve made a few bucks here and there. At first, I read a book called “Earning Without Owning” and I did what the authors described and IT WORKED! Yeah, I made a few dollars.

But I wanted to make more money with each deal and I was also a little apprehensive about making huge financial mistakes. Lo and behold, a solution came. I had joined my local REIA and gone to a few meetings. I am a novice and know I need all the help I can get. I availed myself of the e-mail “Circle of Support” (where people can ask questions and get answers from other real local investors) and through that met a seasoned investor who asked me to partner with him. Why did he ask me???? He said it was because he saw that I was out there pounding the pavement and actively looking for deals. It benefits both of us because he is my money partner and an experienced investor who is my mentor; and I find deals that make us both money. This arrangement suits us both. And you will find that no matter what field you are in, many of those who have made it already are happy to help the new kid on the block.

It’s always a good idea to find someone else who has been-there-done-that when you are starting out in a new enterprise. You’ll avoid costly mistakes. You’ll make valuable contacts. You’ll have the benefit of knowledge and experience when making decisions. You’ll be in the fast lane to success.

Just make sure when you’ve “made it,” that you return the favor.

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