Finding the best
real estate mentor is a very important factor to making money in the industry. In this article, I will share with you some guidelines that will help you find the best mentor who will guide you through your
real estate investing career.
If you do not have plans of working with your mentor in the long run, find another option. As much as possible, it is highly advised that you find a mentor who you will be working with in the future. This way, you will have accountability from him.
Examine the cost/benefit ratio of your relationship. Are there other available options with the same skills yet lower price? Remember that some of the best information needed to succeed in the industry may be accessed for free. If you have enough time, browse the Web and you will be surprised at the volume of useful materials on property investing.
Be careful with long-term relationships. Ensure that all contracts that you sign can be canceled in case you are not contented with the services provided to you. You will be the one responsible in deciding whether the relationship is worth keeping or not. Do not pay upfront for the entire course. Generally, many real estate mentors offer a non-refundable clause. If you pay the whole amount, you cannot take your money back in case of dissatisfaction.
Expensive courses are not necessarily the best. High price does not always suggest quality so do not be led on by hefty prices.
Do not rely mainly on lip service. Do not buy the line I care so much about your future. Make them walk the talk. Try speaking to them for a couple of times before closing the deal. Be prepared to read between the lines. Do they seem more interested in selling you something rather mentoring you?
Do you get lesser benefits than him? Some real estate mentors ask their students to help them promote activities or marketing materials. If they are used to asking you to do something for them but they seem reluctant to help you promote your business, find another mentor.
Consider the above guidelines when searching for a real estate mentor. As mentioned, mentors play a huge role in every investors life so if you want to find the best fit for your needs and personality, do not rush the search. For more tips on finding the best mentor and on real estate investing in general, go to
www.REIWired.com.
