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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Mentors Posted by Clark on May 02, 2008 at 11:41 AM In Reply to: Re: Mentors posted by vulture capitalist on May 01, 2008 at 11:33 PM What I meant by the mentor protecting their interests is after advising investors on purchasing homes, how do their protect their fee/compensation? From your post it sounds as though they like to take a percentage of the deal. What is the typical percentage: 25%, more? I would think that mentors are smarter than working on a percentage basis unless they're getting an unusually large cut of the action, as rookie investors need so much hand holding and chase so many suspects. Seems as though being on the title may be assuming more risks that a mentor might want and how would they ensure they're included on the title? The honor system doesn't always work and these mentors can be across the country. An agreement between mentor and investor would help, but how is it enforced other than the usual court remedies not that they would pursue through the courts anyway. Follow Ups: Re: Mentors vulture capitalist 11:43 PM, 05/02/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : What I meant by the mentor protecting their interests is after advising investors on purchasing homes, how do their protect their fee/compensation? From your post it sounds as though they like to take a percentage of the deal. What is the typical percentage: 25%, more? I would think that mentors are smarter than working on a percentage basis unless they're getting an unusually large cut of the action, as rookie investors need so much hand holding and chase so many suspects. Seems as though being on the title may be assuming more risks that a mentor might want and how would they ensure they're included on the title? The honor system doesn't always work and these mentors can be across the country. An agreement between mentor and investor would help, but how is it enforced other than the usual court remedies not that they would pursue through the courts anyway. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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