Finding a real estate investing mentor is a necessity for anyone looking to launch their career to the next level.
Athletes, entrepreneurs, and investors all can benefit from having a mentor to guide them in the right direction. Finding your real estate investing mentor can turn your dreams into a reality.
Finding your mentor won’t be an easy task, and knowing what you can offer a mentor, and what your long term goals are, will help tremendously for finding your real estate mentor.
Know What You Bring To The Table
Finding a great real estate mentor is a give and take relationship. If you can find your niche, and know what your unique abilities and strengths are you will be more successful in finding the right mentor for you.
The first thing you should do is to know how you can help your mentor. Even asking what your mentor needs help with is a great way to expand your skillset and add value to the relationship.
Before you go looking for a new mentor you should be investing time in learning as much as you can about the business. You can do this in lots of different ways such as visiting bookstores, webinars, and even workshops and local investment group meetings. Read and invest your time in learning everything you can about Flipping, Lease Backs, Tax Liens, Mobile Homes, Commercial, Probate, and the top investments in your market. For real estate investors looking to fund deals quickly, they often work with Private money lenders these types of deals.
This backdrop of knowledge will help you identify the key players in your areas, and know your local market. Once you have a solid foundation of the market, the types of investments you want to pursue, and what you can offer to a mentor, you can start your search.
What To Look For In Your Real Estate Investing Mentor
When you begin your search for your real estate investing mentor, knowing the best quality helps you pinpoint the right mentor for you.
Many investors using hard money loans in Arizona make sure to ask the following questions.
- What is it that I am trying to accomplish? Does this mentor have the same goal?
- Can this mentor help me get to my next level?
- Do they have a good reputation in the community?
- What are they looking to get out of the relationship?
This checklist will make it easy to identify if the mentor has the education, experience, and ability to get you to where you want to be! With these questions in mind, you can start your real estate investing mentor search with a clear outline of what you can offer or your mentor, and goals to help you get to where you want to be. You can now start your hunt for a real estate investing mentor.
Where To Find Your Real Estate Investing Mentor
With your knowledge of the local market, and your niche in hand you can begin your search for your real estate investing mentor. Unfortunately, finding a great mentor isn’t that easy. While many will try to put you through workshops and various boot camps, knowing where to look is crucial to find the right mentor for you.
Networking events are a great way to see who is active in the community. This means brushing up your resume and putting the time and effort to know who the major players are in your area. Open houses, workshops, and happy hours are great places to find the mentors you are looking for, and spend that time networking and asking big questions. You can also reach out to those looking for private money lenders and see who is active in the community.
You can use social media as well to see who is posting about their deals and opportunities, it can be as easy as sending a message out to start that relationship. Don’t be afraid to network with the hard money lenders offering hard money loans in Arizona, as they might be able to point you in the right direction. If you continuously devote time and effort to grow your knowledge, skillset, and network you can easily find your real estate investing mentor.
Questions To Ask Your Real Estate Investing Mentor
Once you have identified investors you want to mentor you make sure you ask them the right questions and make sure the relationship is the right one for you! Most of these you should know from networking and knowing the local industry, but make sure to ask your mentor the following:
- What is it you hope to accomplish as a real estate investor?
Make sure you get the specific, attainable goal of where they want their real estate investing to go. As you start your journey with your real estate investing mentor it is important to have the same goals in place.
- Who was your real estate investing mentor? Are you comfortable with the success your mentor has achieved?
It’s important to know the experience your mentor had, and how the relationship with the previous mentor played out. If your mentor is bitter or jealous of their mentor they may not have your best interests at heart.
- How much risk are you willing to expose yourself to?
Real estate investing is all about risk, and any successful mentor will know this. There is a fine line between calculated risks, and being reckless so make sure that your mentor has a good sense of judgment on deals and what their risk assessment looks like.
You should always be asking your mentor questions, and focus on building a relationship.
Once you set clear guidelines with your real estate investing mentor, you can begin your real estate investing journey!
Real estate investing mentors are not easy to find, however, those lucky enough to find the right mentor can grow their knowledge and start investing quickly. Mentors offer a wealth of knowledge and opportunities, and most mentors are always looking to help build other successful investors. For investors looking or the fastest private money lenders offering hard money loans in Arizona, make sure to read more about our programs here.
When you are ready to start your search for a real estate investing mentor make sure you ask yourself these questions!
- Know What You Bring To The Table: Know what your unique abilities are, and know what you bring to the table will increase your chances of finding the right mentor for you.
- What To Look For In Your Real Estate investing Mentor: Do you know who the major players in the market are? What niche do you want to explore, and do you know enough about the market to begin mentoring?
- Where To Find Your Real Estate Investing Mentor: Attend networking events, workshops and join local real estate investing groups to find your mentor.
- Questions To Ask To Find Your Real Estate Investing Mentor: Make sure you find the right mentor by asking about their experiences, goals, and investments.
How did you find your real estate mentor?