You see, you can’t simply trust everything you hear; you need to trust where your information is coming from. When searching for investors on BiggerPockets, I suggest using keyword alerts to find local investors in your area. You need to objectively consider whether they have been successful and make sure it meets your standards. Regardless of how much I was paying him at the time, I saw the hunger in Jaren. Grow Your Real Estate Business With Our Online Community. Thanks for writing this article. Do you want to flip homes? Using a phrase of random words (like: By signing up, you indicate that you agree to the, 7 Ways to Find a Real Estate Mentor for Free, Newbies: Here’s What You Have to Offer to a Potential Real Estate Mentor, Why It’s Almost Always a Bad Idea To Invest in Real Estate To Save Money on Taxes, Finder’s Fees: What Real Estate Investors Need To Know, 4 Things The Real Estate Rookie Host Always Tells New Investors, Why Buying Cheap Homes Won’t Make You Money. Here are a few different types of mentorship: Personalized Coaching: This one-on-one mentorship style is a great way to get started in the real estate industry. Through creative insight and proven experience and expertise in all of the components of real estate investing, RE Mentor™ provides a light in the dark for so many who struggle in jobs that leave them emotionally and financially drained. That’s not to say they will represent your ceiling, but understanding the level of success your mentor has experienced should “set the bar” for what you can expect in the future. It is worth pointing out, however, that risk is a relative term. Join A Connected Investors REI Group. Real estate investing is one of the most lucrative fields that you can get into, ... You’d be surprised at how many results you can produce from a quick Google search for “real estate investor near me.” ... Do some research on your potential real estate investing mentor. In today’s video we are going to talk about Mentors and how to find a mentor. In life, what are some things you’re passionate about? The best place to find a real estate investing mentor who’s invested in you is at HomeVestors. Feb 01, 2021. Thanks for the advice, these are all great tips I can apply while looking for a potential mentor. Very interesting and helpful! Your information is secure and never shared. To learn how, watch this video. There are several questions to ask a real estate mentor that can ensure each meeting is productive and helpful. In the perfect mentor-mentee relationship, the mentee will also bring something to the table, whether new skills, network connections, or even potential deals. This is not a high pressure sales pitch, but an opportunity for you to find out if real estate investing is right for you and your family. Don’t over-complicate this process. It is common that many real estate investors hope to accomplish several different things in their career, yourself included. People who fit a few requirements: Have the money to invest in real estate; Know how to manage real estate or a business; Are interested in investing with a partner in real estate Finding a Real Estate Mentor in Chicago Real Estate Investing Basics Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing. Start analyzing real estate properties, we do the math for you. By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions. Great advice!!! Thu, Feb 25, 8:00 AM. Related: Newbies: Here’s What You Have to Offer to a Potential Real Estate Mentor. What one investor deems a success, another may cringe at. We highly recommend you join a real estate investing club whether with us or another organization. You foster a relationship, and then maybe one day you pop the big question. So before you choose a mentor, make sure the respect “street” goes both ways. I eventually sat down with Jaren, and the entire focus of the conversation revolved around how he could add value to my wholesaling business. This Real Estate Mentor Program started in Broward and Dade County, Florida but has quickly spread across the state and the entire United States. Anything less, and you’ll find yourself questioning their every move and essentially wasting your time. His Apprentices are among the most successful real estate investors in their respective areas and he has #1 YouTube channel for Real Estate Investing worldwide. If you’re serious about real estate investing and know you need help getting over the hump of buying your first property (or your next deal) here is an incredible opportunity. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember. Actively investing in real estate, FortuneBuilders is uniquely built to provide investors with the right education and systems for success. The hope is that you will mutually benefit from the relationship. They are primarily non-profit organizations and are affiliated with the National REIA organization (although some are … In this blog post, I want to share a few best practices for how to find and approach a real estate mentor. These groups can put you in contact with your peers and lead to great connections, even outside of your mentor. Even if they’re not hiring, find a way to justify a job. This site is your one-stop shop for everything real estate, and it is an amazing way to network with other investors. However, the pursuit of the right knowledge isn’t without its own sea to navigate. What are your tips for landing a great mentor? Related: 7 Ways to Find a Real Estate Mentor for Free. If you want to get in great with an investor, find a way to bring in some deals. This approach is more inviting because it’s not self-centered. If you are convinced a proper mentor can elevate your investing career to another level, you have already made what I believe to be one of the smartest decisions in your investing career. I gave Jaren an inch, and he ran a mile with the opportunity he had been given. Truly get to know one another. I saw the value he brought to my business. Very quickly he worked his way up to a full-time position. Look for opportunities to create and add value somehow. Real Estate Investing Mentor and Educational Entrepreneur, Author, Speaker Change Your Life Real Estate Investing Mentoring Program. What is it you want to accomplish as a real estate investor? At the very least, there is no use in working with a mentor with no experience in what you want to do. Subscribe today and get the Oct/Nov issue delivered to your door! If you are truly convinced your prospective mentor can get you to where you want to be, you are on the right track. Real estate is all about relationships, and you need to make sure the both of you fit well together. Guys, Jaren took this opportunity and he ran with it! Your real estate investing mentor, in turn, will gain a valuable asset once you become more self-sufficient. That would be so weird! They already have a lot on their plates. When speaking with newcomers to the real estate investment world, there are a few pieces of advice I give over and over. Understanding finders’ fees and knowing what percentage you are willing to pay are important aspects of becoming a successful real estate investor. Your real estate investing mentor, in turn, will gain a valuable asset once you become more self-sufficient. With the right mentor, anything is possible, so choose wisely. If you can’t find one in your area, try searching for a virtual mastermind group on Facebook to get started. Brent Real estate mentorship is not a one-way street; respect needs to be given both ways. The same can be said about the mentor; if they don’t respect you, they won’t be inclined to give you their full attention, which can do a lot more harm than good. For example, if you're based out of Indianapolis, your keyword alerts can include "Indianapolis," "investor," "Indianapolis wholesaling," "Indianapolis wholesaler," etc. This is a great place to meet like-minded people, learn a lot, make friends, and most importantly, find a peer mentor in a very natural way. Being a mentor is a time commitment. An apprenticeship, or even internship, can be a great opportunity to learn about real estate without fully jumping in. People that work in my office in Lake Wylie, SC buying and selling houses on a … At the very least, it stands to reason that you will learn more about rehabs from someone who has done dozens of them instead of a wholesaler that’s never even thought of rehabbing as an exit strategy. Success, for all intents and purposes, is a relative term. I’d ask one of these two questions instead: “Hey, is there anything I can help you out with?”. As far as I am aware, there’s only one way to place yourself in a position where success is essentially a foregone conclusion: find a real estate mentor. That’s why I started investing in Chicago real estate. Aligning your goals together will seamlessly allow you to learn and achieve several things you hope to accomplish in your career. I decided that if I was going to become a real estate investing mentor I wanted to make sure that the students could learn directly from me and my personally trained team of investors. This will allow you to keep an eye on those who post frequently using your keywords. Instead, it’s a great way to build a relationship with an experienced wholesaler like myself by bringing value to the investor. Phil Pustejovsky is considered the greatest real estate investing mentor in North America because he has been transforming financial lives through the power of real estate for more than a decade. Mochas & Mentors. How successful have they been in their previous endeavors? He first tapped into his network for recommendations by asking Brandon Turner from BiggerPockets to connect him with reputable investors in the Indianapolis area. Your focus should be on meeting the right types of people. Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood. Then, and only then, can I recommend seeking out a real estate mentor. There are tons of real estate investor meetings you can attend and connect with investors that way. Find over 468 Real Estate Mentor groups with 191818 members near you and meet people in your local community who share your interests. Many new investors chase cash flow with cheap homes, but these properties likely won’t bring in the profits you’re hoping for. So I put Jaren in charge of social media and content, because that is where he was needed most at that time. Wednesday, June 8, 20166:00 PMNorthwest Corner of University & 24th St2406 S. 24th Street Suite 210, Phoenix, AZ (map)We are a network of over 100 real estate Investors, the purpose is to bring togeth He worked around the clock to produce content, and he wrote our very first ebook. I know, because when I first started investing in real estate as an independently owned and operated HomeVestors® franchisee, I called my Development Agent daily. Someone who is truly knowledgeable about the business will offer plenty of information for free {like we do on this blog} , and not just try to rush you into their real estate coaching program. Today’s most prolific investors, at the very least, are never satisfied with their current understanding of the housing market and are constantly striving to learn more. A real estate investing mentor can provide valuable insights within the real estate industry. Whatever the case may be, determine what it is you want out of your real estate career. Great article! Take a good long look at the person you intend to emulate, and ask yourself if you would be satisfied in their shoes. Summary. Give your would-be mentor a reason to take time to invest in you. Jaren was a licensed in real estate, but at the time, we didn’t need him in that capacity. And how do you do it? Lastly, it is important to identify your real estate investing mentor’s goals and make sure they align. Offer to help in that area. Seek guidance and mentorship through servanthood. Therefore, it’s at this time that I want you to identify your own aspirations. At my wholesaling company, we receive lots of requests each week from people who want us to mentor them. Meetup In Person & Online. Think about your availability, educational needs, and preferred learning style as you decide on the right mentor for you. Save Mochas & Mentors to your collection. Every investor is looking for deals. I can’t stress this enough: there needs to be mutual respect between a mentor and a student. Think about it: When you find someone who you’re interested in dating or potentially marrying, do you approach them by immediately asking them to marry you? Register to attend our FREE real estate class, Investing In Multifamily Real Estate: The Ultimate Guide, Commercial Real Estate Investing 101: How to Get Started, How To Start A Real Estate Holding Company, Real Estate Capital Gains Tax: A Complete Guide [2021]. However, I knew nothing about social media. Houses (1 months ago) How to Find a Seasoned Real Estate Mentor The best way to find a seasoned investor in your area is to simply go to where investors hangout. FortuneBuilders is a real estate investing education and business development company, providing coaching, resources and tools to start a real estate business. http://www.mustknowinvesting.com Did you know that there's an easy way to get a real estate investing mentor... for free!? More than anything else, your familiarity with the real estate industry has the potential to elevate your career. There’s no doubt about it: investing in real estate involves an inherent degree of risk. Real Estate Investment Association (REIA) – There are usually monthly meetings in many cities organized through REIA where investors get together and talk about real estate. Click to register for our FREE online real estate class! Summary: In part 4 of our Finding the Right Real Estate Investor Mentor series, we will share eight tips for finding the right real estate investor mentor. Click here to register for our FREE 1-Day Real Estate Webinar and get started learning how to invest in today’s real estate market! Ideally, you want someone who not only wants to mentor you but someone who could one day be a potential business partner. Save Create Wealth and Financial Freedom with Real Estate Investing - Cleveland to your collection. Perhaps you want to make a career out of wholesaling. How to Find Real Estate Investor Partners in Your Area #1: Networking. A mentor-mentee relationship should be mutually beneficial. Find local real estate meetups and events in your area. That is why every real estate investor should have the right real estate investment mentor by their side to guide them along the way. Choosing a real estate investing mentor Once you have decided that real estate mentoring is right for you, you should find a knowledgeable individual or company that provides mentoring services. These are some very simplistic value nuggets you’ve shared. I already signed up with Meetup and I am attending my very first real estate investors meeting tonight. In this blog post, I want to share a few best practices for how to find and approach a real estate mentor. That will get you noticed in a huge way and immediately add value to your reputation. After moving to Indianapolis, he decided to obtain his real estate license. However, those who are less convinced of their mentor’s ability should look elsewhere. Finding the right mentor can make all of the difference in the world for your real estate investing career. If you are convinced a proper mentor can elevate your investing career to another level, you have already made what I believe to be one of the smartest decisions in your investing career. I knew I couldn’t add value in that area, but I also knew that any entrepreneur in the real estate business needs deals. My first suggestion is to start your search on BiggerPockets. BREIA's educational Mentoring Program for real estate investors is like no other. People have been investing in real estate for decades now and if you are given the chance to learn from someone who has accomplished what you dream of accomplishing than do not second guess the idea of having a real estate investment mentor. Well, now it’s our turn to mentor you. ]. Mastermind Groups: Depending on where you live, there are likely real estate investing groups you can join in your area to learn from. Before choosing a mentor that you are willing to put all of your trust into, I highly recommend doing a little self-reflecting. Real Estate Investing Basics In aligning yourself with someone that has already realized the success you hope to one day, it stands to reason you will be more likely to achieve your goals. Everyone needs a mentor. Most parts of the United States have at least one club for real estate investors (although some major cities have more than one). And if you can partner with them on deals, you will bring value while putting some money in your pocket. So before you choose a mentor, make sure you know what it is you want. Investors should turn to networking and real estate events when finding a real estate mentor. When I was working for the timber guy, I didn’t know how to operate the machinery. Apprenticeships: One of the best ways to get started in real estate is to tag along as another investor shows you the ropes. And, as it turns out, it’s those investors that can mitigate the most risk that stands to be the most successful. We put 100% of the money on every deal!