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Read Transcript for “How Do I Find Someone To Help Me Learn The Business?”
Ever tried to fix a car on your own? It’s just like real estate investing – if you don’t already know how, having someone knowledgeable about real estate investing who is actively making money at it show you how to do it makes all the difference in the world while you’re learning how to do it.
”There are many topics that I’d like you to discuss but I believe it to be of utmost importance for beginners to have a more laid out plan of action. In other words, anyone can read a book or manual but having someone show them what to do in a certain order, what order to perform, etc.” – David Caps
Joe: First of all, let’s talk about having somebody to show you how to do it. If you’re a diesel mechanic, and you want to learn to be a diesel mechanic, and by the way, I know nothing about mechanics — I can barely change the spark plugs in my old 1972 Volkswagen that I used to have (I don’t do any of my own work anymore). If I would not know what a spark plug was, and if somebody who was standing over me pointed it out to me, it’d be a whole lot different than me reading it in a manual.
Joe: It’s the same if you’re doing diesel mechanics and you’re trying to look under the hood, trying to figure out, ‘What the heck are all of these things?’ If you’ve got an experienced professional mechanic standing next to you telling you, ‘This is the wrench you need. This is the screw or bolt,’ or whatever is in engines, and he’s telling you exactly how to turn it, i.e. ‘Turn it two turns then over here you’ve got to drain this thing and then you’ve got to plug this thing in over here.’ If he shows you exactly what to do, it’s going to be a lot easier than if you’ve read it in a manual and you saw the pictures and that type of thing. It’s going to be much better if you can have someone who’s going to take you through that process.
Joe: I have a mentor program: the “Six Month Mentor Program” at ZeroDownInvesting.com.
Joe: But it doesn’t have to be me. You can get mentored by another really experienced investor. Just make sure that they’re making money. There’s so many investors out there who talk about how, ‘Oh, I’ve got 30 houses,’ but they’re going bankrupt, their cash flow is horrible or they don’t have a system in place and they’re working 90 hours a week.
Joe: Make sure you’re working with someone who knows how to do this stuff and who knows how to implement a system and get the process going. That’s going to make a big difference to you. Good luck with it.