real estate mentor

Freedom Mentor July 7, 2016 Leave a Comment

Selecting a Mentor

# 1- Do You Crave to be a Creative or Traditional Real Estate Investor?

If you don’t know the difference, please inspect the following :” Creative Real Estate or Traditional Investing “. Deciding on which type of investor you are willing to is critical because it will be decided by which type of real estate endowing mentor is claim for you.

Traditional= Local

If you plan on being a traditional investor, a neighborhood real estate endowing mentor is possibly your best bet. The better traditional investors are those that are very good at invariably procuring terribly inexpensive, very reliable contractors. They have the ability to move on great deal at the drop of a hat( because most traditional transactions required instantaneous campaign or else you lose out to someone else .) They know the local area like the back of their side, which areas are good, which areas are good, future directions the city is growing in, etc. Successful traditional investors spot neighborhood the progress and change accordingly. Conventional endowing is very localized so the best type of real estate endowing mentor will probably be a neighborhood one.

Oftentimes, a really good “investor-friendly” real estate agent can be a great traditional real estate endowing mentor. He/ she can interpose “you’ve got to” mortgage agents, pretension corporations, contractors and so many other part members that will be crucial to your traditional investing success.

Creative= Nationwide

If your goal is to be a creative real estate investor, you may be surprisedthat a nationwide real estate investing mentor is possibly your best bet.

Innovative investing proficiencies and formulae tend to work in every field because it is based on principles of motivated marketers and motivated marketers are not item specific; they are everywhere.
People who need to get rid of their residence rapidly are feel compelled to do so for grounds that typically have nothing to do with the locals, such as divorce, fiscal rigors, collapse, mortgage rigors, etc.
So a very successful creative investor was likely to relocate to a totally different domain and be just as successful. Certainly there are local the statute and characteristics that favor one creative proficiency over another, but for” the worlds largest” split, successful creative vesting is not based on your local revelation.
Since creative ivesting necessary substantial invention, going outside the local chest of thoughts and reading the whole nation and what different investors are doing all across the country, promotes more ideas and more ways to creatively invest. Plus, sometimes creative vesting necessary highly specialized force members and if you simply drawing off of your local domain for those people, you are limiting yourself.
Some of more and better mortgage agents for no entitle flavoring lends and entitle firms for back to back closing we use provide nationwide or regional succors.
Whereas if I could have been draw from local entitle corporations or mortgage agents, I couldn’t get the deal done. Most importantly though, the number of members of motivated marketers willing to sell their feature creatively is limited based on the size of the market.
The cliché that ,” there are enough profits to go around for everyone ,” is hogwash when it is necessary to creative investing.
The more lawful creative investing competitive there is in a given area, the harder it can be to find motivated marketers. Generally, more and better creative investors in your local domain escape sharing their top secrets to eschew competitive.
Personally, although I mentor investors all across the US, Canada and the Caribbean, I don’t mentor anyone in my hometown because I don’t want to create a direct contestant.

Be Careful

What some local “mentors” will do is act like “they’re going to” show a newbie the ropes, but what they genuinely do is simply listen to them just enough to be able to find deals for themselves.

Every creative investor is always go looking for more motivated develops as inexpensively as is practicable.
Certain lead generation proficiencies ask detail and action, such as driving targets go looking for unoccupied residences or FSBO exhibits. Since the mentor doesn’t have the time to do it himself, and rather than hire federal employees, they get a local newbie to do all that run down for them in exchange for” demo them the ropes .”
I did that when I firstly started started. It was a huge waste of time because that person ended up notnot overcompensating me on some of the slew I built him, pilfered fund from me on a transaction we did “together” and plagiarize $150,000 from a sidekick of prey, The person turned out to be a total delinquent.
He has no plans of teaching me anything with constituent except how to run around and do work for him free of charge. Well, he did hear what i just said something valued, what to look for when someone is about to are benefiting from me!
But although my working experience “Have been a little” extreme, local “mentors” are notorious for preparing parties to their birddogs , not successful, independent investors.
The knowledge is motivated sellers are a limited resource and rival is not helpful to existing, successful inventive investors.

# 2- Is the Real Estate Investing Mentor Passionate About Teaching AND Successful at Investing?

Being a successful investor and a good real estate endowing mentor are two very different things.

Some parties are terrific but paucity the drive and patience to teach others.
If you want to be a imaginative investor, you need to likewise make sure the mentor is successful nationwide , not only locally but wanting to become a national mentor.
You crave someone with a track record for mentoring students to success on a nationwide basis.
A loom tell signal that they are a good region mentor but a wannabe nationwide mentor is that the bargain examples, specimen dissections and success myths they make are all from the same geographic regions.

Example

I have a friend who is a very successful investor and agent who refuses to mentor anymore because she got so frustrated by students not following her patterns. She didn’t have the perseverance to deal with the fact that no matter what you say, sometimes students have to learn their learnings the hard way. Plus, she wasn’t enthusiastic about schooling. She saw it as a good sideline business to establish some extra money in between bargain closings.

If you want to be a inventive investor, it is necessary to likewise make sure the mentor is successful nationwide , not only locally but wanting to become a national mentor. You crave being with a track record for mentoring students to success on a nationwide basis. A rise tell signal that they are a good vicinity mentor but a wannabe nationwide mentor is that the bargain examples, specimen analysis and success lures they leave are all from the same geographic regions.

That’s where the old-hat saying ,” Those who can’t do, teach,” comes from
They are very zealous real estate endowing teachers who aren’t successful investors themselves .
They are perhaps even more dangerous since they are hear well, but what they hear is wrong .
Regrettably, the less skilled mentors are also typically the least expensive and since innumerable budding real estate entrepreneurs are on a tight plan, sometimes they go with the lowest priced alternative .
This is one thing you don’t want to go cheap on because you can’t memorize to be rich from a separate being .
If you picked the claim being, the cost of the mentor will be a drop in the bucket regardless. So avoid going with the least expensive alternative and make sure that the real estate endowing mentor you have selected is far more successful at endowing than “you think you are” .

Local Mentor

For those conventional investors looking for a neighborhood real estate endowing mentor, be aware that you will have a much more limited kitty of expectations than the inventive investors going for a nationwide mentor. Try to avoid lowering your gauges simply to get a neighborhood one. Be patient and protracted. You may have to go outside your particular area but perhaps you can find person that is regionally close to you. Or perhaps you can reach out to a nationwide mentor and they may have some mentors they know that are closer to you geographically. But keep in mind that you need someone who is passionate about dogma AND is successful at investing.

# 3- What’s the Real Estate Investing Mentor’s Motivation to Help You?

This is a HUGE mistake several, several beings encourage when choosing a real estate investing mentor, They do not think through the REAL motivation of why the mentor would help you. The relevance can be significant. You need to have a clear and realistic understand to the reasons why the mentor wants to help you. Some beginners unrealistically accept they are going to find an extremely successful mentor who, out of the goodness of his/ her being, is going to lead them to the promise lot. But mentoring somebody to real estate vesting success is a long term, ongoing, patient and persist process. The mentor must have substantial motivation to work with you; and the had considered that they want to help you because they like you is downright naïve. It doesn’t work that mode in the real world.

Here are some examples of the REAL motivation of some real estate investing mentors:

If you are conventional investing and you have an investor friendly real estate agent mentoring you, that agent’s REAL motivation is for you to buy real estate. That’s how they get their fee, when you purchase. But sometimes the best decision of all is to not buy the aspect. If you don’t buy the aspect though, your agent doesn’t get paid.
When in doubt, that agent is going to tell you to buy because that is how they feed themselves. If you are conventional investing and you find a local real estate vesting mentor that says he/ she will school you by doing a bargain together and all you were supposed to do is describing the money, beware!
That’s what got me and my friend in trouble when I first started. Well, my friend brought coin, but I was violated so I was making my best recognition , which is basically the same thing .
If a local mentor is genuinely successful, he/ she doesn’t need your coin or your recognition to sign on a give. Whether innovative or conventional, sometimes a real estate endowing mentor will accuse you an upfront fee to be your mentor. Although this arrange can work well, be aware that ultimately, the same reasons they have to help you was provided in full at the beginning of the relationship. What ground do they have down the road to help you when you get stuck?
They have already been paid all of their coin and given all of their ground. It would be like offsetting a painter their entire greenback before they took one apoplexy of the quality brush.
Most beings would never agree to those messages with a contractor. Instead, they may paying off painter some coin upfront for the documents and to get the job started, then they may offer some progression checks as work is completed, and then, they would hold back to pay the final greenback until the responsibility was terminate.

Conclusion

In addition, if” youve already” paid for real estate coaching succors or “ve tried to” make a decision right now on a mentor, consider ways of you found that person or companionship. For decoration, did you find them by experimenting online, reading articles or a volume they wrote or by a referral from a relied advisor? Or did they find you, as in coming to a neighbourhood hostel in your globe? In most cases, the best people working in cooperation with are the ones that you memo, as opposed to the people that memo you.

Hopefully now, you have been able build much more informed decision when choosing a real estate investing mentor.

Freedom Mentor July 1, 2016 Leave a Comment

Categories of Real Estate Investors

3 Categories of Real Estate Investors

Investor by Default:

“There’s” millions of these beings out there. They bought a primary residency several years ago but then decided to move into a brand-new dwelling, but since they struggled to sell their old dwelling, they gave up trying to sell and accurately embarked renting it. Now they long down the road, and are landlords by default. They didn’t plan on becoming a real estate investor, it just happened.

Inspired by House Flipping TV Show :

These kinfolks are interested in doing one giant flip. It may turn into more business depending on how the first one works out but they aren’t be concentrated on turning residences as a long term commitment and they aren’t looking at it as a form to cause persistent fiscal change. For some people, its considered delightful since a reality TV stage is normally 22 hours of air time long and they often finished

Financial Freedom Seekers:

These types of beings are looking to use real estate investing as their vehicle to thrive financially free. They speak real estate as their ticket to lasting personal fiscal change.

Fishing is a Great Analogy for Real estate Investing

Step 1: Situate the Fish– Most bodies of ocean contain little to no fish. 5% of the atlantic provinces contains 95% of fishing operations. So to effectively catch fish, “its time to” pinpoint fishing operations. Noticing great real estate business is very similar. 95% of the pushers in any mart are not motivated enough for you to be able to pattern a great deal. You must pinpoint the 5% of pushers who are truly motivated.

Step 2: Attract the Fish– Formerly you have situated fishing operations, you then must present a seduction or persuasion that they are able to provoke fishing operations to bite. In the same cult, accurately because you pinpoint a motivated dealer, that doesn’t automatically liken to you get the bargain. You must present yourself accurately as to appeal the dealer working in cooperation with you( as opposed to running away from you ).

Step 3: Fix the Fish– To catch fishing operations, even if you have gotten them to bite your seduction, you still have to set the hook. Beginner fisherman know all too well how readily fish can plagiarize your seduction without get tied. In the same vein, you have been able present yourself accurately to a motivated dealer but then you still must get them to sign the contract.

Step 4: Property the Fish– Formerly fishing operations is mend, you’re not done hitherto. You now have current challenges of territory fishing operations. You have to reel fishing operations in and get them in the spacecraft. You better have the right paraphernalium and the claim proficiency or you are likely not to property fishing operations. In the same form, with a great real estate bargain, accurately because you have it under contract, that doesn’t mean you are done. You have to get that bargain to the closing counter.

Failing a great real estate bargain is very common among rookies. It has been determined that some 60% of real estate contracts never resolve in a closing.

Which Type of Investor Needs a Real Estate Mentor?

Default Investor:

A real estate mentor is not necessary for this group. They maybe won’t be an investor long irrespective once they sell off their one little rental dwelling. A real estate mentor is not necessary for this group. They maybe won’t be an investor long irrespective once they sell off their one little rental dwelling.

House Flip-flop Show Inspired One Time Investor:

Since they are going to be doing one bargain( or maybe one a year or less ), mastering real estate expending was no need. A trustworthy and skilled real estate agent, contractor, hard money lender, mortgage agent, slamming companionship and real estate attorney will get them through the few traditional business they may do in a job and hopefully they won’t wholly lose their shirt on any of the transactions. They may not prepare much fund but it may be a recreation little incident that is able to check off their pail stock-take. : Since they are going to be doing one bargain( or maybe one a year or less ), mastering real estate expending was no need.

A trustworthy and skilled real estate agent, contractor, hard money lender, mortgage agent, slamming companionship and real estate attorney will get them through the few traditional business they may do in a job and hopefully they won’t wholly lose their shirt on any of the transactions. They may not prepare much fund but it may be a recreation little incident that is able to check off their pail stock-take.

Financial Freedom Seekers:

These people need a mentor. It’s the happiest, easiest, most effective way to achieve fiscal discretion through real estate. Although countless do-it-yourselfers in all directions of life have tried to cut out the fishing guidebook, most discover that they have been penny prudent and pound absurd. Here’s why …

Real Estate Mentor Motivation

I’ve been on steered fishing trips whereby we’re three hours into it and still no fish and the guidebook is sweating bullets. Why? Because he is paid the thousands of dollars to have his purchasers catch fish and if his purchasers aren’t catching anything, he is very motivated to remedy the situation. Meanwhile, if I had just read some angling uprights online or got some tips-off from a inducement accumulation, there are still I was, three hours into my angling outing with no chew, I would be left with me to figure out what I was doing wrong.

Similarly, if you hire a real estate agent to help you find increased investment belonging, they make their fee when you buy , not when your investment diverts a profit. The contractor acquires his fund where reference is specify up the house , not when you profit. The attorney, the mortgage agent ,[ prepared any professional you give in a usual real estate bargain] all have to pay when you buy or sell , not when you make a positive advantage mixture. Nonetheless, the right real estate mentor is different. They are paid to help you shape results and their motivating is based on your productivity , not your pleasure, like every other real estate professional you hire in a bargain. If “youre trying to” do a lot of transactions, make a ton of fund and eventually attain fiscal discretion from real estate, you need a mentor who is motivated to help you advantage , is not simply do transactions.

A Real Estate Mentor Gives You the Unfair Advantage

Part of the enormous challenge with catching fish is the huge number of variables that any fisherman faces when they get by on the atlantic provinces. What worked fabulously yesterday may not work at all today. The same holds true for real estate investing. There are so many different facets, variables and changes going on at all knowledge that even if someone starts lucky and does extremely well on their first bargain, that doesn’t mean the conditions will be the same the next time around. Fishing guidebooks expend nearly everyday out on the atlantic provinces with the conducting of having their clients catch fish. Times of time spent on the atlantic provinces have sharpened their skills razor sharp-worded so that no matter what the conditions, they are unable search their mind for a appointment in the past that was similar to the present day and dial up a formula or aptitude that will work. A do-it-yourselfer angler is not possible compete with that. Fishing guidebooks get paid everyday by clients to fish so they simply have more incident over longer periods than everyone else and therefore have the unfair advantage.

A real estate mentor gives you that same unjust advantage. Times and years of expending themselves and mentoring others on a daily basis sharpens their skills to the object where they are unable out maneuver the rivalry and shape greater develops for their clients than anyone. Regrettably for some who are reading this, you are in mart where 1 of my apprentices controls. Good luck out-investing them. With me and my layout behind them, presuming they follow which is something we learn them( yes, some people pay for a angling guidebook and then proceed to not follow their advice and they wonder why they didn’t catch anything ), my apprentices are formidable adversaries that are extremely difficult to compete with. To learn more about how you may be able to be mentored by me and the Freedom Mentor team, apply to my Apprentice Program .

Is a Real Estate Mentor Right for You?

If you don’t have high-pitched standards for doing much of anything with real estate, then don’t invest your time or money on a real estate mentor. But if you want to be very productive and see substantial is submitted in accordance with real estate investing and even grow financially free one day, get a real estate mentor.

Freedom Mentor December 24, 2015 Leave a Comment

Selecting a Real Estate Investing Mentor

# 1 –Creative or Traditional Real Estate Investing?

If you are unsure of the differences, please read the blog: “Creative Real Estate or Traditional Investing“. Choosing which kind of investing you want to participate in is vital because it will regulate which kind of real estate investing mentor is exact for you.

Traditional = Local

If you want to be a traditional investor, a resident real estate investing mentor is most likely your perfect fit. The finest traditional investors are those that are talented at repeatedly locating very low-priced, yet dependable contractors. They are able to move in on good deals immediately (because most traditional deals need prompt action or someone else will get the deal.) They know their local area to a t, the best locations, worst locations, which areas are thriving. Prosperous traditional investors discover resident drifts and fine-tune accordingly. Traditional investing is very localized so the perfect real estate mentor would be a local one.

Oftentimes, a very respectable “investor-friendly” real estate agent can be an amazing traditional real estate investing mentor. They can help you get acquainted with mortgage dealers, title firms, workers and lots of other team members that will be essential to your traditional investing victory.

Creative = Nationwide

If you are looking to become a creative real estate investor, you might be shocked to read that a national real estate investing mentor might be your perfect match. Creative investing methods and formulations have a habit of working for every area because they are grounded on the idea of driven sellers and motivated sellers are not place specific; they are all over. Folks who need to sell their home speedily are forced to do so for motives that usually have nothing to do with their location, such as divorce, monetary difficulties, bereavement, loan glitches, etc. So a very prosperous creative investor can essentially move to a completely different region and be just as prosperous. Surely there are local laws and features that service one creative method over another, but typically, prosperous creative investing is not founded on your resident familiarity.

Since creative investing entails substantial imagination, seeing how things are done all over the nation and what diverse investors are doing all over the US, nurtures more concepts and ideas on ways to creatively invest. Plus, now and then creative investing needs very specific team members and if you are only looking locally for those people, you are restraining yourself. Some of the finest loan agents for no title seasoning loans and title companies for back to back closings we use deliver services countrywide. While if I was only able to use local title firms or loan agents, I couldn’t get the deal closed.

Most prominently still, the amount of driven sellers eager to sell their home creatively is restricted centered on the magnitude of the market. The saying that, “there are plenty of deals to go around for everyone,” is nonsense when it comes to creative investing. The more genuine creative investing rivalry there is in a certain region, the tougher it can be to locate driven sellers. Typically, the top creative investors in a resident region evade from sharing their top secrets to evade opposition. For myself, even though I mentor investors all over the United States, Canada and the Caribbean, I won’t mentor someone in my home base because I don’t want to generate a direct contestant.

What many resident “mentors” will do is pretend they are going to aid a fresh investor, but they merely teach the newbie just enough so that they can find deals for themselves. Here’s why. All creative investors are constantly searching for new driven seller tipoffs as cheap as possible. Some lead producing methods entail time and drive, such as exploring areas watching for available homes or FSBO signs. In the meantime the mentor doesn’t have the time to search himself so instead of hiring someone, they get a local rookie to do all the driving around for them in exchange for “their personal knowledge and know-how advice.” This is something I did when I was first starting out. It was a giant waste of time because I wasn’t paid for the leads I found, in fact the guy stole my portion of a deal we had made “together” and even stole $150,000 from a personal acquaintance. My “mentor” was a completely immoral criminal. He had no intent of coaching me on anything important except for how drive around and run errands for him for free.

Well, I did learn one valuable lesson, the signs to look for when being taken advantage of by someone! But even though my familiarity is a tad extreme, local “mentors” are infamous for teaching people for their own selfish reasoning not to help others become prosperous, self-governing investors. The truth is driven sellers are a restricted supply and rivalry is not supportive to present, prosperous creative investors.

Consequently, your best option if you are interested in becoming a creative investor, is a nationwide real estate investing mentor. They will teach you their secret knowledge of the business because they don’t have to be worried about rivalries and they can provide supplementary ideas, methods and team members due to their abundant geographic viewpoint.

# 2 – Is the Real Estate Investing Mentor Zealous About Coaching AND Prosperous at Investing?

Being a prosperous investor and being a worthy real estate investing mentor are two very diverse things. Some individuals are great players but have a shortage of the determination and tolerance required to teach others. I have a acquaintance who is a very prosperous investor and negotiator who declines to mentor folks any longer because she got so upset by pupils not listening to her advices. She was without the stamina to deal with the circumstances when no matter what you advise, sometimes pupils have to acquire their teachings the tough way. And more, she wasn’t zealous about coaching. She saw it as a decent secondary business to make a little extra income amidst deal closings.

If you desire to be a creative investor, you must be sure that the mentor is prosperous countrywide, not just locally. You want someone with a track record for mentoring students to success on a nationwide basis. But also there are individuals who are very zealous about coaching but are not the most prosperous investors. Just like the saying, “Those who can’t do, teach,” there are enthusiastic real estate investing teachers who aren’t prosperous investors themselves. They are possibly extra hazardous because they mentor well, but what they teach is incorrect.

Regrettably, the less skilled mentors are also typically the cheapest and since many up-and-coming real estate impresarios are on a skintight financial plan, at times they go with the bottommost priced choice. This is one area you don’t want to go cut-rate on because you can’t study how to be wealthy from a poor individual. If you select the right person, the cost of the mentor will be a step towards financial freedom. So evade going with the cheapest selection and be sure that the real estate investing mentor you pick is way more prosperous at investing than you are.

For those traditional investors considering a local real estate investing mentor, be mindful that you will have a far more inadequate group of potential prospects than the creative investors going for a nationwide mentor. Try to evade dropping your criteria just to get a local one. Be patient and determined. You might need to go further than your precise location but maybe you can find somebody that is provincially nearby. Or perhaps you can reach out to a national mentor and see if they know a mentor that is nearer to you geographically. But hang onto the idea that you need somebody who is zealous about coaching AND is prosperous at investing.

# 3 – What’s the Real Estate Investing Mentor’s Incentive to Assisting You?

This is a ENORMOUS error many, many individuals make when selecting a real estate investing mentor, They don’t consider the REAL incentive of why the mentor would assist you. The penalties can be momentous. You must have a flawless and accurate understanding as to why the mentor desires to assist you. Some novices idealistically assume they are going to discover a tremendously prosperous mentor who, out of the kindness of their heart, will lead them to success. But teaching someone real estate investing victory is a long, unending, enduring and tenacious course. The mentor must have considerable enthusiasm to work beside you; and the idea that they want to help simple because they like you is absolutely guileless. That is just not how things are in the real world.

Examples of the ACTUAL incentives of some real estate investing mentors:

• If you are traditional investor and you have an investor welcoming real estate agent coaching you, that agent’s REAL incentive is for you to purchase real estate. That’s how they make their money, when you buy. Sometimes the best choice of all is to not purchase the home, but if you don’t buy the home, your agent won’t get paid. When in hesitation, that agent is going to tell you to purchase because that is how they earn their paycheck.

• If you are traditional investor and you locate a mentor that says they will help you learn by doing a deal with you if you just bring the money, be careful! This is what got me in trouble when I was a rookie. My friend provided the funds, but since I was broke I brought my credit card which is chiefly the same thing. If a local mentor is really prosperous, they won’t need your cash or your credit to finance the loan.

• Whether creative or traditional, now and then a real estate investing mentor will charge you an opening fee to be your mentor. While this arrangement can work great, be mindful that in reality, the incentive they have to help you was delivered in full at the start of the liaison. What incentive will they have in the future to aid you if you get jammed? They have previously been rewarded all of their money and given all of their incentive. It would be like paying a contractor before they even picked up a hammer. Most individuals would never approve of these terms with a contractor. Instead, often people pay a contractor some money upfront for materials and to get the work underway, then typically compensation some headway checks as labor is completed, and then, they would wait to pay the final bill until the work was finished.

The greatest way to guarantee your mentor’s drive is allied with yours, is to line up your motivations with the mentor. Such as undertaking a profit allocation plan whereby when you make cash, the mentor makes cash. This way, when the mentor succeeds, you succeed and possibly just as significant, if a deal is deteriorating,, the mentor will miss out on those earnings just like you.

Furthermore, if you have previously funded real estate training amenities or are trying to make a choice right now on a mentor, reflect on how you discovered that individual or business. For instance, did you find them by investigating online, reading blogs or a book they wrote or by a recommendation from a reliable guide? Or did they discover you, as in visiting a local establishment in your area? In most circumstances, the greatest persons to work with are the ones that you discovered, not those that discover you.

With any luck now, you can make a much better educated choice when selecting a real estate investing mentor.

Freedom Mentor December 11, 2015 Leave a Comment

Would You Benefit From a Real Estate Mentor?

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.