As an investor, it is always wise to have a real estate mentor you can grow and learn from. We will help you find the right one in our latest post!
Whether you are just thinking about real estate investment or if you have a few properties under your belt, it can never hurt to have a mentor to ask questions to, bounce ideas off of, and to learn from continuously. Throughout history, the most successful investors have always relied on mentors, coaches, and pers to help them wade through complicated or risky investment options. There are many training services out there that can provide insight to new investors. However, many people who are new to the game can’t afford the training legitimate professionals can provide.
The right mentor isn’t going to charge you. They’re going to be someone you can grow, and work alongside for years to come. There are many ways to find the right person for the job; below are just a few!
Whether you have groups in your area or you join networking groups online, meeting and interacting with like-minded individuals will set the course for all kinds of beneficial relationships. You can find mentors, partners, and even people to take under your wing in exchange for assistance in your projects. Don’t be afraid to put yourself out there. The people in these groups are there for the very same reasons you are.
Reading about the topics that interest you most when it comes to real estate investment will help you determine who exactly you would like to meet. Maybe you are interested in making commercial investments, or perhaps you want to learn more about crowd investments. By broadening your horizons and continuing to learn, you’ll be able to discover precisely what you are looking for when it comes to finding a mentor in Metro Detroit.
Attending seminars and real estate classes in Metro Detroit is a great way to meet like-minded individuals. The most successful, seasoned investors get that way by never quitting their commitment to educating themselves.
There are real estate related events being held all over the country every single day. Some events require a fee, while others are free to attend. Not every event is going to be worth your time, but if you believe you could get something out of the show or seminar, attending events like this may be in your best interest. Think about your future mentor. What events are they likely to attend? Show up where they are and hang out where they do. Don’t be afraid to strike up conversations but always refrain from being too pushy.
Work For Free
This may sound like the opposite of what you what to achieve through real estate investment, but trust me, it works. When you find the person you believe to be the most qualified to be your mentor, offering your services in exchange for knowledge can’t be beaten. As with most professions. Nothing compares to on the job training. You can read all the books in the world, but you will learn much more doing the work yourself. Within just a couple years you’ll be able to learn what would have taken you 20 on your own.
Look For The Best
Who is doing big things in your area? Look at who’s buying, where they’re buying, and what deals you find to be the most impressive. Pinnell Enterprises, LLC has been buying and selling in the Metro Detroit area for years and can provide you with valuable insight, market information, and leads on some of the best deals in the area.
What To Look For In Your Mentor
There are real estate investors out there everywhere you turn. However, not all of them will be valuable to you as a mentor. Just because they invest, doesn’t mean they follow best practices or know as much as you’d like them to. Your mentor needs to have a sincere desire to help you grow by teaching what they know. The relationship will only be beneficial if you can ask questions and feel comfortable in doing so. They need to have an understanding of your goals and what you are working to achieve. You potential mentor should have a solid track record as well as established relationships with members of the community.
What Your Mentor Can Offer You
A great mentor will be able to offer you clear and objective advice. Many investors enjoy passing on what they know, which means you can gain knowledge and experience from some of the best… all without any costs. You mentor will be able to hold you accountable all while offering motivation and enthusiasm.