How to Select a Real Estate Mentor

Mentors are wise experienced individuals, and they’re incredibly helpful allies to have in your corner. They can share lessons from their own journeys and help guide you on how to make decisions that will have the most positive impact on your life.

Learning how to master the art of real estate investing from an experienced investor is one of the best decisions you can make in your burgeoning real estate career. Let’s look into the merit of selecting a real estate investing mentor and break down how a mentor’s guidance can help you develop a winning real estate empire.

What is a real estate mentor?

The word mentor, without additional context, can be interpreted in any number of ways. Mentors can be coaches, managers, friends, affiliates, and any experienced individual who can impart practical words of advice.

In the real estate space, a mentor is someone who has undertaken the very journey into real estate investing you’re just beginning to undertake. They’ve spent many years acquiring properties, making successful real estate deals, and building their own real estate empires. They’ve also had their fair share of missed opportunities and bad acquisitions.

Why are real estate investing mentors important

Through both positive and negative experiences, real estate mentors have acquired a wealth of insightful knowledge. As you begin your own real estate investment journey, your mentor will use their own experiences as coaching tools to guide you through your own development.

Investing in real estate is a complicated process, and there’s a lot of inside baseball you need to learn as you begin your journey. A real estate mentor can cut down on the trial and error of your development, helping you avoid the most common early mistakes of real estate investing.

You’ll be able to ramp up your own development much faster and easier than by operating on your own without any strategic direction. Under this guidance, you’ll start making lucrative real estate deals and building your own empire while avoiding the early pitfalls experienced by many new investors. Ultimately, this means you’ll build the foundation for your own financial freedom.

Types of real estate investor mentors

Once you commit to the idea of having a real estate mentor, you need to know what type of mentor you need to find. There is no one concrete answer to this question because the optimal mentor for one investor is not the same for another.

Decide for yourself what is the best way for you to receive coaching. Once you’re fully aware of your own needs, apply that awareness as you search for a helpful real estate investing mentor.

Personalized coaching

One-on-one real estate coaches are very popular mentors. Their lessons are personalized to your unique needs, helping guide you through how to make real estate deals that perfectly align with your financial goals. If one-on-one mentorship is your best way to receive and apply knowledge, personalized mentors are a great strategic asset that you can add to your arsenal.

You can find dedicated personalized real estate mentors by enrolling in a real estate investment community that’s led by some of the most successful real estate investors in the business. Get the process started today and commence your own real estate investment journey!

Communities, groups, and meetups

Depending on where you live, you can proactively join communities, social groups, and meetup events to connect with people who share your passion for real estate investing. These types of gatherings are more common in larger urban areas, so this option may not be feasible for every upcoming investor.

However, many of these same communities have transitioned online since the outbreak of COVID-19. Even as the pandemic has subsided, virtual meetups remain a regular way for real estate investors to connect and share their knowledge. Look for opportunities to join these communities and come ready to participate in lively discussions about the best ways to start building your real estate investment empire.

Apprenticeship or shadowing

Sometimes, the best way to learn is on-the-job. Theories and ideas are great ways to build your own knowledge, but practical experience teaches you what really works and what doesn’t.

If an apprenticeship is your ideal learning method, find a mentor who welcomes you shadowing them as they conduct their own real estate investing business. Watch them closely and learn how they master the art of negotiation to both acquire and then sell valuable real estate properties. On-the-job training and shadowing is a great way to learn the ropes and acquire all the skills you need to build your empire.

How to select a real estate investing mentor

Now, what’s the best way to go about finding and selecting a real estate investing mentor that will help you begin building your own wealth-generating empire? Here are some of the best ways to begin the search and find what you need.

Leverage your existing network

The best way to find a mentor is to circle through your existing network of contacts. Ask your friends, family, co-workers, bosses, and anyone else in your circle of contacts for advice on how to find a real estate mentor.

You never know who amongst your inner circle may be able to connect you with someone who can give you the direction you need to build your own real estate empire. As they say, work smart, not hard. Tapping into your network of contacts is a very wise strategic decision.

Use social media and online forums

The internet can connect you to virtually anyone, anywhere. Use your social media handles to find successful real estate investors with large followings. You can start following their content and slide into their DMs when you’re ready to begin your investment journey.

You can also search for online forums dedicated to real estate investing. You may pick up on some savvy strategies to help you get started. Look for people who actively comment in these forums and offer helpful suggestions to keep discussions going. These are the people you want helping you on your own journey.

Attend networking events and conferences

When you put yourself out there, you’re making a proactive choice to connect with new people. Mentors aren’t just going to come to you; you need to show concerted effort to find them yourself before you can start learning from them.

Look for networking events and conferences in your community where the subject matter is all about how to become a successful real estate investor. You’ll connect with many people just like you who are beginning their real estate investment journeys. Plus, you can connect with the speakers and organizers of the event about your own plans and discuss if anyone at the event can become your mentor.

Read books about real estate and listen to investment podcasts

Educating yourself on the ins and outs of successful real estate investing gives you a great starting point to build your own empire. Look for educational books about generating wealth and find real estate themed podcasts you can listen to on your platform of choice.

Once you’ve found these resources and consumed enough helpful content, you can contact the creators of these useful assets. These creators could become the perfect real estate investing mentors, so make sure you’re always consuming educational material.