Real Estate Mentors - Do Real Estate Investors Need A Real Estate Mentor?

http://www.REIClub.com - Is a Real Estate Mentor Necessary To Be Successful As a Real Estate Investor? Here's How You Can Decide If Real Estate Mentoring Is Right For You.

Hi, this is Frank Chen with REIClub.com, the only site you need as a real estate investor. Today I've got quick video on Real Estate Mentors and if it's right for you.

Many investors contemplate whether or not they need a Real Estate Coach in order to succeed in real estate, but in order to decide, you need to first ask yourself these questions:

QUALIFYING YOURSELF:
- Are you investing passively, or looking to make this into a full-time career?
- How much time/money have you spent on your real estate education?
- What are my goals as an investor?
- What is the one thing I want from real estate investing?
- How familiar am I with the current real estate market?

BENEFITS TO REAL ESTATE MENTOR:
- Accountability - schedules, weekly goals, form successful habits etc...
- Focus - Stay focus on tasks, help manage your emotions
- Guide you step-by-step through the purchashing and selling process
- Learn from their experiences
- Multiple ways of approaching offers
- Structuring Contracts
- Marketing and lead generation
- Negotiating
- Structure Closings
- Exit strategies
- *Business systems
- Access to Contacts - title companies, realtors, brokers, lenders, contractors, etc...

As you can see, coaching covers 99% of the real estate investing process, and whether you are new or experience, you can benefit from it.

QUALIFYING REAL ESTATE MENTORS:
Establish credentials.
- How long have you been investing? - cycles
- What's your specialty?
- Is the mentor actively investing or just coaching?
- How many transactions has he completed? Recently? - verifiable properties
- How many students do they currently have?
- Whats the average time it takes for one of your students to purchase their first deal using your program?
- Do you have students I could contact?

COSTS FOR REAL ESTATE COACHING / MENTORING:
- Costs can vary - coaching programs can range from hundreds of dollars to several thousands.
- Frequently paid ALL upfront
- Monthly Installments
- Half now/Half at closing - portion of closing goes towards remaining balance
- Partnering - split profits

Every mentor differs in how they structure payments so be sure to research and choose whats most manageable for you.

I hope this video cleared some of the fog up about Real Estate Mentoring. There are tons of real estate coaching programs out there, and it is incredibly easy to get lost in the mix. Use these tips, do your research, and find a program that fits your needs.

Again, this is Frank Chen with REIClub.com. Please take the time to leave your comments for this video below and please subscribe to our YouTube channel so you'll be automatically notified when we upload more quick video tips for you. Take care and good investing.
http://www.youtube.com/watch?v=yjex1yc_vkA

Category:

Education

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• real estate investing
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[TheBrianEvans]

Great video! If more students would do their due diligence before getting a mentor, they would see a lot more results!

[820Jeanne]

Great video and information. It shows me what I am currently lacking and how to really get started in investing. Thank you.

[raeppli1]

Great info!! I was just getting ready to get a mentor so this was extremely valuable to me.

Thank you,

Rachel

[JBBI2011]

Thanks for this great informative and detailed video Chen. If I had known this 2 years ago I would be an experienced real estate investor by now. I would invest or only work with one mentor instead of buying so many different programs. I must confess though that one of the reason I fear using a mentor is because of the requirements i.e. accountability and time management I lack both.

[phillipmarissa]

I will make up for this in the near future, as allowed. Thank you, sometimes can post easily, sometimes cant sign in at all. Your videos are educational and informative, thank you. I hope I find a good mentor soon.

[phillipmarissa]

Thank you, there wasnt enough room to thank you.

[phillipmarissa]

June 16, 2011I was, home searching for personal needs, incorporating knowledge, did find something. so 'used' by realtors,knowledge of low priced foreclosures in good condition, The holder responds, i need realtor, The first realtor took a 91K he didnt like the holder, i was preapproved.Second realtor got updated foreclosure list HE MADE ONE DEAL ,i am thankful and appreciative. shldve two good deals, he couldnt wrap his head around this concept, my son ''owner occupy' the second multifam,

[netbizworker]

Good advice and well presented. keep up the good work.

[DimebagVision]

Great video.