subject: What to Look for in a Real Estate Mentor? [print this page] What to Look for in a Real Estate Mentor?
When you shop, you always look for the best finds. When you're buying new clothes, you pick the design and style that appeal to you. Just like when buying shoes, you try them on to see if they fit. You test gadgets before buying them to see if they are working well. Warrantees are important for you in case the device you bought goes bad. You always go for the quality and price. You should do the same when choosing a real estate mentor.
Quality
The reason for hiring a real estate guru is because you want to save time, effort, and money in knowing the basics of property investing. It is also advisable for new investors to look for a mentor to cut the learning process short. You can't go in a battle without a gun.
To make sure you're getting "real" information, hire a veteran investor as your real estate mentor. He's someone who has been investing for five or more years. A seasoned investor knows the ins and outs of the real estate investing labyrinth. He can give you efficient tips and advice on how to close deals fast. His extensive knowledge in the different types of investing like wholesaling, rehabbing, and flipping reos helps you understand the processes better.
Price
Know what is included in your real estate investing training. The most common type of materials used in such training are books, articles, video and audio files. A real estate mentor usually creates his own module or gives you the same references he's using. Pay close attention to the material he's handing you. There is a lot of free real estate information on the Internet. Why pay if you can have it for free. He should give you a whole lot better than that.
The key to an effective real estate investing training is one-on-one tutorial session. Your real estate guru must have his both ears listening to you. His eyes should focus on your progress. Most importantly, he's always there to explain things to you.
Hiring a real estate mentor costs you money, so better be sure that you are getting what you are paying for. Do not make long-term commitment in case things don't work well. You should be comfortable with your mentor. A good working relationship with your coach makes training conducive for learning. Trust and respect are very important virtues in a coaching session.
Don't make mistake when looking for a real estate mentor. Let these guidelines help you in finding the right one. More real estate tips are available at REIWired.com.
