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  • Wanted & Recommendations

    Anyone know of a good property expert/mentor?

    "... I'm not so sure about the 'many facets' statement ..."

    No?

    When said in the same sentence -

    "...there are undoubtedly plenty of odd idiosyncracies and quirks that are peculiar to one area compared with another..."

    I thought I'd said the same as you - or at least I'm sure we mean the same thing.

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    I would consider setting yourself a goal of 12 months self-learning first before taking action, it is easy to get carried away but it isn't get rich quick whatever someone in a shiny suit selling courses tells you, and the market isn't going anywhere fast at the moment. 

    There are loads of fantastic books (Rob Dix, Angela Bryant and Richard Brown are good with no upsell) and also listening to podcasts (Property Geek and Property Voice are good) are a great way to learn.

    Also reading this forum, and some facebook groups.  Don't do anything that doesn't feel 100% right, and always consider peoples motivation who are giving you advice. Best of luck Smile

    Also I would add, I didn't think I knew anyone who could act as a mentor however after asking a couple of Family members I have a few people helping me, who I was put in contact with. 

    Their motivations have all been to help me as we got along well and I now have a few useful people for advice whenever I need it, but this was after 6-12 months of self learning when I had a grasp of the basics.

    Always worth considering asking Family if they know anyone who is an investor who may be willing to offer advice. The first couple of mentors I found through Family assisted with basic BTL and I have 2 who are helping me through my first development too at the moment.

    To me trust is important, which is why I always look for a reference from someone whose opinion I trust as well as my own gut. A mentor doesn't necessarily mean someone who will sit down with you a few hours a month, it can be basic advice or a second opinion as and when you need it, or to sense check things before you do them.

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    ``A mentor doesn't necessarily mean someone who will sit down with you a few hours a month, it can be basic advice or a second opinion as and when you need it,``

    Very good point . I used to act more as a pay as you go mentor. Maybe not hear from someone for months then at critical point in their property growth I would have a 30 min chat with them to either allay their fears about what they wanted to do or maybe chuck a few spokes into the wheels if I sensed they were getting ahead of themselves.

    Sometimes you are almost just a counsellor / therapist . They need someone to listen to as  they release this pent up  outpouring of property passion  on you -  not infrequently  it was because their wife/husband  ` just doesn`t understand them `. 

    Their partner didn't always share their passion  so they needed someone who understood. Sometimes they knew exactly what they wanted to do but just needed someone they trusted in the background to acknowledge that intended action and to either pull them back from the parapet or more often than not just to  give them that last gentle nudge over the finishing line .

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    Jonathan Clarke. http://www.buytoletmk.com

    Hi Jonathan

    Long time since I’ve replied to one of your posts, but I am the same as you in that I am  pay as you go.

    What you say here is very true. I helped a guy a couple of years ago looking to get started – I even took him to an auction. Never heard from him again, and then a few weeks ago he contacted me again because he has saved up some cash, done some research, and ready to start.

    Funny thing is that one of the things he is most impressed with is that I see things (usually negative) on viewings that he hasn’t seen. He wants someone to listen to and discuss, and of course he is learning more as we go along, and now knows more about what questions to ask and what to look for on a viewing and matching the property to a likely tenant.

    He is chomping at the bit, his deposit is burning a hole in his pocket, and I am trying to slow him down a bit.

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