3 Kinds of Real Estate Investors

◾Investor by Default: There are tons of these people out there. They bought a main residence many years ago but then decided to move into a new house, but since they writhed to sell their old house, they gave up trying to sell and started renting it. Now it’s a few years later, and are landlords by default. They didn’t plot on becoming a real estate investor, it just occurred by chance.

◾Encouraged by House Flipping TV Show: These people are engrossed in doing one home flip. It may turn into more transactions contingent on how the first one works out but they aren’t fixated on flipping houses as a long term obligation and they aren’t considering it as a way to create lasting monetary growth. For many, it just “looks enjoyable” since a reality TV program is typically 22 minutes of air time and they have a habit of to glorifying the business.

◾Pursuer of Monetary Freedom: These kinds of people are looking to use real estate investing as a way to become monetarily free. They see real estate as their voucher to long-lasting private financial change.

Which Kind of Investor Could Use a Real Estate Mentor?

◾Default Investor: A real estate mentor is not needed for this crowd. They most likely won’t be an investor long anyways once they sell off their one tiny rental home.

◾House Flip Show Enthused One Time Investor: Since they are only going to be doing one deal (or maybe one a year or less), become skilled at real estate investing is not essential. A dependable and knowledgeable real estate agent, contractor, hard money lender, mortgage broker, closing company and real estate attorney will get them finished with the couple of traditional transactions they may do in a job and with any luck they won’t totally lose profit on any deal. They might not make a lot of money but it might be a exciting little experience that they can mark off their bucket list.

◾Financial Freedom Seekers: These people want a mentor. It’s the fastest, simplest, most effectual way to attain financial independence through real estate. Even though many do-it-yourselfers try to find success on their own, most realize that they have been wasting money. Here’s why…

Real Estate Mentor Motivation

I’ve been on guided fishing trips where after a few hours without action the guide starts to get nervous. Why? Because he is paid hundreds of dollars to help his customers catch fish and if his customers aren’t catching anything, he is very driven to make it happen. In the meantime, if I had just read some fishing blog online or got some pointers from the bait store, and there I was, 4 hours into my fishing outing with no bites, I would be left with me to try and figure out what I was doing incorrect. Likewise, if you hire a real estate agent to aid you in finding an investment property, they earn their paycheck when you buy, not when your investment turns a profit. The contractor earns his paycheck when he repairs the home, not when you profit. The lawyer, the mortgage broker, [insert any expert you pay in a typical real estate deal] all get paid when you buy or sell, not when you yield a progressive profit result. Though, the right real estate mentor is dissimilar. They are paid to help you produce results and their inspiration is based on your efficiency, not your motion, like every other real estate professional you hire in a deal. If you want to do a bunch of deals, make some real money and ultimately attain financial freedom from real estate, you need a mentor who is driven to help you earn money, not just do deals.

A Real Estate Mentor Gives You the One-sided Advantage

Part of the huge problem with catching fish is the giant number of factors that any fisherman faces when they venture out on the water. What worked spectacularly yesterday might not work today. The same is true for real estate investing. There are a vast amount of diverse aspects, variables and variations going on all the time that even if somebody gets lucky and does tremendously well on their first deal, that doesn’t mean the circumstances will be the same the next time around. Fishing guides spend almost every day out on the water with the aim of having their customers catch fish. Years of time spent on the water have polished their skills so that no matter what the circumstances, they can examine their mind for a memory of a trip that was similar to the current one and figure out a system or method that will work. A do-it-yourselfer fisherman cannot compete with that. Fishing guides get paid everyday by customers to fish so they merely have more knowledge over a longer period of time than anyone else and therefore have the unfair advantage.

A real estate mentor provides you with the matching unfair advantage. Years and years of investing themselves and mentoring others on an everyday basis improves their abilities to the point where they can out maneuver the opposition and yield superior results for their customers than anyone else. Regrettably for some who are reading this, you are in marketplace where one of my apprentices works. Good luck out-investing them. With me and my organization guiding them, supposing they follow what we teach them (yes, some individuals pay for a fishing guide and then go on to not follow their guidance and then marvel over why they didn’t catch any fish), my apprentices are tough rivals that are very hard to compete with. To learn more about how you might be able to be mentored by me and the Freedom Mentor team, apply to my Apprentice Program.

So Would YOU Benefit From a Real Estate Mentor?

If you do not have high ambitions for doing something with real estate, then I suggest not investing your time or funds on a real estate mentor. But if you want to be very fruitful and yield considerable results from real estate investing and eventually become financially free one day, get a real estate mentor.