|
Prev Blog << |
Real Estate Guide to Finding a Real Mentor! |
Next Blog >> |
 |
Category: Inspirational Current Grade: A Total Views: 1006 Member Comments: 0 |
Posted on: 06/11/2009 Posted by: Colin Blog Points: 6857 View all blogs >> |
Real estate investing is the kind of business that really benefits the self learner. There aren’t many if any college degrees you can get in this specific field. Yet, there are a lot of real estate guides, books and programs preaching the best way to invest your money.
It is also the kind of field where you can learn from more experienced and seasoned real estate investors. In fact, I recommend that the new investor seek out a more experienced investor to serve as their real estate guide in this highly profitable business.
There are lots of benefits to finding yourself a mentor to show you the best way to invest your time and money in the many real estate strategies out there. An investor has experience in the rights and the wrongs of the field. Plus, they already have all the tools, services and software programs so essential to an investor. In fact those seasoned real estate investors have numerous benefits to offer such as;
- Real estate software like a comps program,
- Access to the MLS,
- Connections to other investors, contractors and realtors,
- Ready cash for possible loans and purchases,
- Know the local title companies,
- Valuable experience in running a business, paying taxes, and making deals.
Of course, just because there are plenty of seasoned real estate investors out there doesn’t necessarily mean they are open to mentoring just anyone. Nor does it mean they are willing to talk with you about your desire to become a real estate investor.
Most investors once they make their business a success will find that they get inundated with requests from new investors for advice, tips, answers to quick questions and in general becoming someone’s real estate guide. Yet, for answering everyone’s questions and looking at every possible deal a new investor offers them they may not get that much of a return.
For every person who takes an interest in real estate and makes a success of it there are probably four or five more who give up. Plus, new investors are notorious for bringing bad offers to seasoned investors as potential deals, especially when they first get started. It’s a natural part of figuring out which house, niche or strategy is the best way to invest your time in but every house looked at takes precious time away from the real estate investors business. So, they are likely to be hard to approach if you are looking for a little guidance.
The best way to find yourself a real estate guide and mentor is to do your research in the area of real estate, be honest about your interest in investing and be determined about making a success of yourself. No one wants to invest time in training a person only to have that student give up on the field a few weeks of months into the process.
Ways to Get a Real Estate Guide
- Go online. There are plenty of investors you can use as your real estate guides over the internet. Any trendy investor will have a website or profile online that promotes their business and their properties. You can find investors in your area with similar investing interests this way.
- Join a group. Real estate investing clubs and groups exist all around the country and world. Check online or at your local library or chamber of commerce to see if there are similar investing groups or clubs that help people find the best way to invest their money and share stories about their investments.
- Pay someone. You can certainly find plenty of Gurus and seasoned investors who are willing to serve as your real estate guide for a fee. Many of these investors are for real and do actually take time to provide new investors with various training programs and mentoring depending on price level. You can simply pay for a program of coursework to go through at home, or pay for some personal involvement with the investor like a weekly phone call or emails, even to the point of just following take investor around from day to day as he or she looks at houses, completes deals and runs the business.
- Head to Realestateinvestor.com. REI has a network of hundreds of investors looking to make deals, swap information and learn from each other. Plus, we also have seasoned investors in just about every field of real estate offering free articles and tips along with special lessons and advice for pro members of the website.
Whether you seek out someone to serve as your real estate guide online or in person make sure you are determined to stick with the business first. Real estate investment is perhaps the best way to invest your time, effort and money, but it takes lots of learning to make work when you first start. Investors are more likely to work with you if they can see you’ve got that fire in your eyes and are eager to make a success of yourself.
