Real Estate Mentor

How about Getting a Real Estate Mentor?

So you want to start your own real estate home business and you need advice. Are there real estate investment experts that one can turn to for straight answers to the many challenges you will face? The fact is that there are a plethora of so called “experts” selling their versions of methods that may or may not have made them “millions” in years gone by.

I don’t doubt that certain techniques have proven useful and profitable in select markets at certain places in time. The question is: “What value do these have NOW and, in my neck of the woods?” Face it: There is no “magic bullet” and no singular program alone is the answer. Here is where the concept of mentorship comes in. Whether you are at the “real estate investing for beginners” stage or you have flipped a few properties in the past, working under the direction of a real estate investing expert with the patience to teach is the very best way to branch out into your own REI business.

Today, a number of REI “gurus” have jumped on the “mentor” bandwagon, offering courses and a form of mentoring through which the student is coached by one of their trained staff. In almost all cases, the coaches have absolutely no incentive or vested interest in the student’s success. As one famous real estate expert who had his own TV show stated, ‘there is more money in selling the information than in flipping houses.” Here is where extreme caution is needed. Beware of simply buying into another program (many of which cost $1000.s, even $10,000.s) that has an expiration date. That’s right. Most of these programs have a very limited value as they 1) never put you in touch with the real expert and, 2) have no vested interest in your individual success. Sadly, there are hundreds of thousands of Americans who wander from program to program, spending countless thousands of their hard-earned dollars learning and never doing.

When I began my mentorship program back in 2008 I determined to accomplish a few key things that I felt would set my company apart from the rest of the pack. First, I believe that a mentor is most effective when they have a vested interest in the individual success of the student. Student and mentor need to be partners while the student maintains their autonomy as an independent business. Second, the program must be flexible and ever adapting to the economy and local market conditions of the student. Techniques are fine, but they change. I prefer to teach principles which don’t change. I also have a corporate staff that consistently does research and development, seeking methods that work with our ever-changing market. Finally, my mentorship (www.invesdoor.com) program follows a “mentor for life” philosophy. We have no expiration date for active students because it is never outdated. The network that my staff has developed gives each individual REI business in the program the leverage to do greater volume. There is strength in numbers and this alone gives the real estate home business a huge advantage over the rest.

Personally, my mission as a real estate mentor is to find and nurture my future partners in this REI business. Ultimately, my team and I would like to have a core of “superstar” students that will move onto bigger and larger investment opportunities with us. Remember that, while there may be some good programs out there, true mentorship must manifest those three earmarks spoken of earlier. If not, it could be just another money pit like so many in the past.

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