If you have found yourself dreaming for a long time about a car or a better lifestyle in general then real estate investing on the side is probably the answer to your problems. Not only can professionals generate large returns, they can create a better life for themselves by knowing the ins and outs of the business. Incredibly successful people there have mentoring programs where they pass on this knowledge to others and if you are currently dissatisfied with your job, signing up might prove to be a life changer for you.
I found the following real estate mentors very helpful. I attended their seminar and these are my notes.
The below mentioned ways are how to make the most of a mentoring program that you have become a part of:
- Remember to always be in the mood to learn as most real estate mentors are what you would call Type A people and they have a short fuse for incompetence. Practice punctuality and paying attention so that you can get the best out of the program. This is especially important if you are part of a shadowing program in which you spend all day with the mentor taking in how they carry out their various work related tasks.
- Be very careful in choosing your mentor as this is not a money payback situation if you decide you no longer prefer their mentoring. Attend seminars to get to know if this is a person you would like to learn from. Remember that if you establish a good working relationship with your mentor, you will automatically be preferred for future deals and might be able to enter on a partnership basis if you prove to have a real knack for it.
- Identify the areas of the business of real estate that most catch your interest so that you can learn the most on that area and start putting your newly acquired knowledge into practice. Make sure you bear this in mind when you are choosing the mentoring program as they are very rarely totally comprehensive and often focus on a sub category.
- Don’t forget that your aim is not qualification but knowledge. Any mentoring program will not help you find a job for example but will provide you information on how to venture out into the world of real estate on your own. If you are short on cash you will be pleased to know that there are a multitude of programs out there and they do not require a lot of money. Coaching and shadowing programs cost a very moderate amount and the experience you gain is very useful and will prove to be helpful in the long run.
- Last but not least a mentoring program prevents you from having to trudge for years to learn the basic know-how of how everything works. Benefit from the experience of the mentor and take detailed notes which can help you in your goals later down the road and can also help you save your time if you are looking to start earning right away.
If you are looking for the same, check out the BREIA real estate investment group. They are local (Miami / Fort Lauderdale area) and very knowledgable. I included one of their videos so you can see what they are all about.