Real Estate Mentor Tips and Tools
An ideal real estate mentor can offer you lots of tips and tools, which will help you to make right choice on real estate investing. Believe it or not, this is actually an excellent time to get started investing in real estate. Due to the recent downturn in the housing market, there’s so much making it possible to buy houses at bargain prices, albeit competitively. But no matter how good the market is when you start investing in real estate, you shouldn’t go into it blindly or embark upon it alone.
What you need is real estate mentor, someone who knows the in and outs of the business and can show you the tips and tools you’re going to need to be successful. This is crucially important, because while research and courses are both useful and important, real estate is an area where experience counts for a lot.
A mentor can give you tips, like what markets are likely to rebound and which aren’t, and they can show you how to use the right tools, like what you need to do to search for foreclosures, or how to access networks that will allow you to find the best deals.
That said, it’s not a matter of finding a mentor, it’s the matter of finding the right mentor. Because the potential for profit is so high and the field so open, you’re going to find that a lot of so called real estate mentors have no idea how to really help you make money, merely regurgitating information from some weekend seminar they went to that was hosted by another person without hands on experience.
That kind of mentor will show you tips and tools, but all you’ll get from them is wasted time and lost money. What you need to be looking for is a mentor who has been down in the trenches, who has actually done what you are looking to do.
One thing to look for in a mentor is someone who was been in both up and down markets. Lots of people got into the real estate market when the housing bubble was growing, when it was easy to make money while not actually knowing a thing about how real estate really works.
You don’t have to stick to just one mentor, either; you can and probably should have more than one. One of the best ways to do this is to find a network that allows you to access real estate mentors, tips, and tools, a network where you can access the power of many minds to make sure that you attain the real estate investing success that you yearn for.
Karen Roberts
Karen is a real-estate entrepreneur, investor, mentor and REIA Club president. She is dedicated to building financial independence-inspiring and empowering others to achieve their financial freedom using real estate as the vehicle.
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