Each one needs to kick-off somewhere and at one point, and often, the bottom is the best place to do this. Amongst the many ways to learn the best tools and methods to be successful like others is to learn from those who have been in the situation, many years before.
In real estate investing, how can a new investor successfully find a mentor? Rather than looking for an experienced person in the field to assist you, try to figure out what you could offer them. Your value will make them open to helping you out. If you are well-versed with computers, why not offer them IT support services? Other things you can offer are: maintenance services if you are a handyman, leads-gathering if your connection spiders are broad, and even sandwiches if you are in this business.
Be Educated
Just like in all other careers, new investors must never start a real estate career without knowing its fundamentals in terms of practices and laws. Learn the laws that cover landlord-tenant activities. Licensing courses are even offered to aspiring wholesalers, if you want. These are great protection tools especially since numerous incorrect information are putting a lot of professionals in hot water when it comes to brokerage activities.
Relationships, People
The real estate industry is not all about strip malls, apartments and houses. More than anything, it is about relationships and people. Therefore, always try your best to cultivate healthy and lasting relationships. Real estate, in the long run, is not going to be what you know. It will be all about who you know.
First of all, creating relationships will never be possible through second guessing if you have made money out of each one of your deals. Relationships are made by doing business with industry players. Worst deals and terms are nothing but normal occurrences during the start of the career, but with relationships built on trust, deals will eventually become better.
Above all else, real estate success does not come easy -- there are no quick schemes, cutting corners, nor short cuts. Success comes to those who have played hard and smart.
