If you’d like to get into real estate, you’re pursuing one of the safest investments there is! However, be forewarned that if you jump right in without any experience or mentorship, you’re bound to experience some losses along the way. Unfortunately, like many things in life, there is a steep learning curve. And if you’re not careful, you could lose more than you bargained for.

Fortunately, there are many real estate investment mentors and coaches out there who have invaluable knowledge, real-world experience and tips that can help you be successful. Although working with them does come at a cost to you, it’s one that pays for itself due to the massive benefits and returns you’re likely to experience.

Why should I work with a real estate investment mentor?

No one can definitively tell you whether you should work with a mentor, because it’s a very personal decision. But most experts would recommend doing so, especially if you’re new to the real estate industry. If you’ve never worked with a real estate investment mentor before, there are plenty of reasons to do so.

They can help you strengthen your weaknesses. If you choose a mentor with complementary skills to yours, he or she can help you work on developing the skills you lack and strengthening your weaknesses to become a more well-rounded investor.

They are very knowledgeable. An experienced real estate investor and coach will have invaluable knowledge that you won’t find just anywhere. Their knowledge comes from tools, tips and lessons they’ve picked up along their own investment journey. And if they’re successful, you’ll want to glean all you can from them.

They’ll introduce you to their network. One of the best things about working with a mentor is that they’ll also introduce you to other experts in the real estate industry, such as lenders or lawyers. Having a close network of real estate pros will certainly benefit you in the long run as you seek to close real estate deals.

How to find a real estate investment mentor

If you decide that you want to work with a real estate investment mentor, finding a good one is the next step.

Here are some basic things you can do to align yourself with experts in the industry and find a world-class real estate coach who can help you develop and expand your portfolio:

• Start connecting with other people in the real estate industry, both online (think LinkedIn) and in person.
• Join a real estate investors group in your local area.
• Search reliable online resources like the National Real Estate Investors Association for news about events and meetups around the country.

Taking these tips seriously and putting them into action will put you in a great position to connect with an expert mentor and begin your journey to real estate investment success.

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