When just beginning, real estate investors tend to all do the same sorts of things. They analyze the market, learn how to understand the different metrics available to find a property that has good potential, and develop their own system to keep their deal pipeline full.
Any potentially successful real estate professional will also have a mentor to help them along. After all, if real estate was so easy, everyone would be doing it. Having a mentor to provide guidance can be invaluable to real estate professionals just getting their start.
What Is a Real Estate Mentor?
A mentor is like a trainer or adviser. More often than not, the mentor is also older than the mentee. Good mentors offer feedback, advice, and guidance. That said, they are not responsible for teaching someone everything that they know about business and real estate.
A mentor should have core values that mirror the mentee. They should also have similar passions in life. In the real estate realm, they will often have a similar style and investment strategy, otherwise the advice and guidance won’t really be all that useful.
Local Networking Events
Real estate professionals should be going to local networking events regardless, but those are great places to find a potential mentor. After all, everyone else is there for the exact same reasons.
Networking is a great way to not only find a potential mentor but to build essential contacts that will later help along their professional journey.
Learning Programs
There are certain real estate academies that can give real estate investors the tools that they need to take their business to the next step. This happens by leveraging the knowledge and experience of those who have created a reputable process for acquiring, analyzing, and managing a series of rental properties.
Financial Planners
Many financial planners invest in real estate themselves. Worst case, they often know of high-net worth individuals who may have those contacts. The financial planners are then typically a good avenue for connecting the two parties.