Splitting Your First Deal With An Experienced Investor: Is It A Good Idea? (Methodology)

Foreclosure Deals Coach Podcast

When you're working to close your first deal, it can seem like new issues arise hourly. The feeling of flying blind can start to take over as you try to piece together solutions from all the information you've been studying, and all the while, you're doing your best to maintain your composure and make it to the finish line. You wouldn't be alone in thinking, "I'd pay someone a hefty fee to show me how all this works," and you might be like some new investors who actively seek a coach or mentor to help them close a deal in exchange for a split of the profits. In a perfect world, this arrangement would give you the education you need, help you avoid the pitfalls of inexperienced investors, put some money in your pocket, and compensate the mentor for their time while giving them the chance to share knowledge with a new investor. But we know the world isn't perfect, and wet-behind-the-ears investors bring deals to veterans all the time only to never hear from them again once the contracts close.
Not every potential mentor is like this, and it's our job at Foreclosure Deals Coach to equip our listeners with the mindset and tools to be able to differentiate between professional investors out to do good business and unscrupulous charlatans promoting their services so they can eventually pocket your share of the deal. Listen as Donny explains how you can equip yourself with the skills to close your first deal and successfully partner with experienced investors to fast-track the growth of your business!
Mentioned in today's episode:
Propstream
Here's a link to the article Donny discussed in today's episode:
Here Are 2020's Hottest Housing Markets According To ZIP Code
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