By Peter Vekselman
The author has permitted the reprinting and redistribution of this article.
Working with a real estate mentor can benefit you in many ways. For starters, you will get a clear picture of where you are now in your real estate business, as well as where you want to go and why. You will also get a clear idea of what you need to do in order to make it happen. A mentor can help you understand the basics of real estate investing strategy and develop the approach to real estate investing that suits you best and will generate the most profit for you. The key to real estate investing is to understand what areas to invest in. For example, if you want to make money on rental properties, you need to know what features to look for. Many beginning real estate investors fail because they don’t understand the basics. Mentoring can solve that.
One of the things a real estate mentor can do is help you figure out exactly what you need to understand, what skills you need to acquire, and how to apply what you learn from your real estate mentor. All of this will help you develop self-confidence and self-trust and thereby enable you to do whatever is necessary in order for you to succeed. After working with a mentor, you will have more control over the speed and direction of your growth, your business will be stronger, and you will be stronger. It is a great way to take your business to the next level.
A good real estate mentor not only gives you advice on what to do, they can give you advice on how to manage your time effectively in order to get it all done. If you manage your time properly, you can achieve more than you ever thought you could. Your mentor can also help you create a business plan, projecting anywhere from one to five or more years into the future, so that you can plan for success.
A mentor can guide your business practice in subtle and not so subtle ways. If you have a good mentor, they will give you realistic suggestions to help you, not suggestions that are unfeasible given your situation. The suggestions must be within your means to actually carry out. The suggestions they give must also have an impact on your bottom line within a reasonable amount of time. These suggestions must also be within the range of your technical expertise to actually carry out. If these criteria are not met, perhaps your real estate mentor gives basically the same advice to everyone without considering their unique situation.
Chances are, you could learn the ropes of real estate investment yourself, without a real estate mentor. However, a real estate mentor can help you avoid the kind of mistakes that will needlessly cost you both time and money on your way to success. It is far less painful to learn from other people’s mistakes, where possible, than to learn by making your own mistakes.
Peter Vekselman has been successfully investing in real estate since 1996. He has completed over 1000 real estate deals, owned a construction company, been a private lender, and owned a property management company. Peter currently works with clients all over the US httpwww.CoachingByPeter.com .
If you would like to take advantage of the market and learn how to invest in real estate and you are local to the Dallas Fort Worth area, I know a really great teacher and mentor here in Arlington Texas. Please take a look at his web site: DennisJHenson.com, Dennis has a great Mentoring and training program, I know because I am one of his former students. I learned a lot from his one on one teaching technique. – Michael Harman 817-457-7572 email@example.com