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The Power of Mentorship and Support in Real Estate Investing

by | May 6, 2024 | 0 comments

Real estate investing is a journey filled with challenges, opportunities, and growth. Along the way, mentors play a crucial role in guiding us towards success.

Their wisdom, experience, and support can make all the difference, especially when navigating uncharted territories.

 

Here are a couple “Aha” Moments That Changed My Real Estate Investing Journey

 

My father Hal, my first real estate mentor, always emphasized the importance of local market knowledge. “Location, location, location,” he’d say, encouraging me to keep a close eye on the local market and my investments. Following his advice, I built my rental portfolio in the San Francisco Bay Area, where I lived and worked. It served me well for years… until Silicon Valley property values soared to the point where buying rentals no longer made sense.

 

Just when I needed it most, along came another mentor: Jeff, the “Bawld Guy” from San Diego. Jeff opened my eyes to opportunities in Austin, Texas, specifically a new build duplex community he was building in Hutto, TX. This was the early 2000s, and his insights sparked a profound mindset shift. With Jeff’s guidance, I took a leap of faith and invested in duplexes and single-family rentals outside my local market. As Austin boomed with tech giants like Dell, those investments absolutely took off! 🚀

 

Throughout my own investing journey, I’ve been fortunate to have incredible mentors by my side.

 

Reed, for example, was there at the exact right moment as Brian Walsh and I completed our first two syndications. Without his guidance, we couldn’t have done it! 🙌

 

Jonathan and JD, who brought Brian and I our first deals and arranged the debt for these acquisitions, were equally instrumental. Despite my 40-plus years as a real estate broker and investor, I was a “newbie” in the multifamily space. Their patience and expertise helped us get these deals across the finish line. As Greenville residents like myself, our friendship has continued to grow through the years. 🌟

 

But mentors are just one part of the equation. Equally important are the supporters and advocates in our lives.

 

As always, the key support starts at home. Laura, my wife, has my back and sets me straight when I need a “talking to”. 😄 Quite frankly, she is NOT INTO real estate, but she never wavers in her support of my real estate activities and growth. She’s my biggest cheerleader. ❤️

 

One of my biggest supporters, Jerry, is a “Jersey Guy” and a “Clemson Dad” who’s in town today to tour a few of the Spark PPOG deals he has invested in. He loves Greenville almost as much as I do. We met maybe 4 years ago as I transitioned to multifamily investing, and his encouragement and help have been constant from day one. Friendship can and does develop around business relationships – it’s a primary reason I do what I do.

 

Looking back, I realize that without the inspiration from mentors like my father and Jeff to think beyond my backyard, I might have missed out on incredible growth.

 

Today, I’ve come full circle, helping busy professionals (many from Silicon Valley) invest in the dynamic market of Greenville, SC – ranked #2 emerging multifamily market in the entire US for 2024. And coincidentally, Spark Investment Group’s current investment focus is on new build duplexes – just like my game-changing Austin purchases 20 years ago.

 

As Albert Einstein wisely said, “Learn from yesterday, live for today, hope for tomorrow. The important thing is not to stop questioning.”

 

Embrace the “aha” moments that challenge your investing mindset. You never know where they might lead!

 

To learn more about real estate investing and syndications, reach out to us at https://investwithspark.com/contact/ today!

 

 

 

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