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Hi my names christie and I'm a 27 year old guy from Bournemouth.
I currently own one residential flat and I have £40,000 to invest in a BTL or possibly investing some of it into another strategy.
I would like to be able to speak with a person with good property experience so possibly a property mentor ? I'm willing to pay money and was wondering if anyone could recommend someone.
I would rather speak to someone with more knowledge and experience than myself before jumping in and possibly not making the wise decision.
Hi again Christie,Have a look here Property education, training, and mentoring
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
I would be happy to have a chat or share emails. No fee required.
Save the fee, you don't need a mentor to achieve what you seek, just ask loads of questions on this very forum, you'll get dozens of experienced people answering your queries.
Anyone charging people for mentoring is generally a loser.
""""Anyone charging people for mentoring is generally a loser.""""
``Anyone charging people for mentoring is generally a loser.``
PT is great, but not I fear the panacea for all property problems
A good personal mentor can bring some budding investors vital support , encouragement, motivation that a forum cant
People learn in different ways . Some would benefit from a mentor some would not
Teachers are vital though in all walks of life
You yourself have great experience and mentor in effect on PT by the written advice you give
But if you took it offline and charged a fee for that same advice that does not suddenly make you a loser
It means you could offer a valuable service to some one who would thank you -
And it would make you richer
I used to drive people round my patch for 2 hours showing them my acquisitions and chatting property stuff
They asked loads of questions and drained my brain and we both got a great deal out of it
I set them on a path they may not have otherwise taken
I got the satisfaction of setting them on that journey and I was £200 better off at the end
No one was a loser on those days.
Jonathan Clarke. http://www.buytoletmk.com
You need to hook up with Mixeduseenthusiast.
With a bit of luck he'll see your post and suggest having a coffee and a chat.
I've got a lot of admiration for this young guy because he thinks outside of the box, which I think is going to prove to be key in these changing and challenging times.
By the way, he doesn't put himself up as an expert or a mentor, so he might not be up for this at all, but he could certainly teach many of us a thing or two!
Since S24 I have met a number of landlords for a chat
and I have given my knowledge for free
if a new landlord wants to meet me I am happy agin to give my knowledge
i don’t dress things up I just give an opinion
be it good or bad
because I don’t charge a fee I am free to say what I feel
but I will always tell the truth
i fully understand new landlords my not like my opinions at times
and that’s fine
none of like to be told there stratergy won’t work but at times they don’t and only an experienced landlord can see that
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
DL's post has made me think - the OP needs to find a mentor that operates in the region they're interested in so as they get actual knowledge, not just assumed knowledge as there's so many differences between say the London market and the NE market. Buying's the easy part, having a profitable rental is another.
That's why I suggested Mixeduseenthusiast, because he's in Bournemouth (maybe he's busy though).
Obviously, there are many facets of this business that are generic but there are undoubtedly plenty of odd idiosyncracies and quirks that are peculiar to one area compared with another - and I guess that's why DL and JC have smashed it on their own respective patch, because they're properly tuned-in.
I'm not so sure about the 'many facets' statement. Requirements of even the same sector of tenant could be completely different in say London compared with the NE.
Where I used to invest is 40 miles from where I do now and couldn't be more different, tenants, property everything really.
Choose the area first, then choose the mentor (for those that must have a mentor).