Primarily I’m talking not about a “Mentor”, which cost you significant money and you sign you buy more than one boot camps, etc. up for several mentoring sessions requires.
Fortunately, I can speak for any of these programs as I too cheap to sign up for one of them.
Instead I decided on the low-cost to find approach to read and listen to my mentors. I recommend at least start at this level and then decide yourself if you to step up to this kind of commitment.
When I started as a new investor, I knew two things to be true.
First of all, I wanted to be a real estate investing of my long-term investment platform. I wanted it so badly, I could taste it, I thought about nothing else; It was all consuming.
Secondly, I knew had it if not to hundreds, thousands of people who had already done what I wanted to do.
All I had to do was choose to invest real estate, to understand what I wanted me and then to find people who had done it before.
So, as many of you went I to various bookstores, went online, visited free workshops and local investment group meetings.
This investment of time and a few hundred dollars allows me to check all kinds of possible investment opportunities. I read or things on mirror, lease back, tax liens, mobile homes, commercial probate, etc. etc., verified.
This time leads me to the decision to purchase distressed properties, repair it, and as rentals in the long term.
Once I had my niche, and I was obliged, I had my mentors to find. As expected, I went online and my best friends was various search engines. I have more books and websites and started, really into the individual deeds instead of glorified sales raise, really offers people.
The search can lead to different results, but I found two people be my first mentors and I share everything that I was able to read what they had.
The examples provided me with a plan and the review of the numbers, exactly what from my mentor, had to know that I was on the right track and that distressed properties to buy, repair it and leasing it in the long run a profitable business.
Why did I chose these two as my mentors above everyone else, I could have chosen?
Both were leading experts in the business model I wanted than to follow. In other words, they already pioneering leaders showing contributions to the industry. I believed that I could trust them. You have to trust your mentors, and I trust both of them.
It may seem strange to you, I decided that for my first real estate mentors in this way, but with a full time job, a busy life, or start a real estate portfolio investing was not another option.
Finally, if you are a new investor is the first thing to do for the real estate to decide investment framework that work for you. Then go and search experts, you can learn, without spending thousands of dollars.
My last point is actually a question.
Who are your real estate mentors? I would love to hear how you can never have too many mentors from each of you.
