Is Having a Property Mentor That Important?
Having a Property Mentor is one of the main things that can influence how effective you are at making money from property.
By a mentor we mean someone that has already achieved what you want to achieve, or at least has got close to it.
This is not just true for property but for any walk of life. All great sports people have had a mentor somewhere along the way. Even if they have never met the person, they may have read their autobiography and studied everything there is to know about the person.
In the case of a golfer they may have studied as much as they could about the techniques they used for their swing and how that varied with different shots and what exactly they were thinking when they took different shots.
They may even have studied the type of diet they had, as well as how often they practised. The hope being that by modeling themselves on that person they would be able to achieve similar or greater results.
It’s exactly the same in property. If you know any property millionaires personally, that’s fantastic, quiz them and pick their brains.
The good thing about being in property is that the successful people in property generally like talking about it, and we have found that most of them are only too eager to give advice and helpful hints if only people have the willingness and humility to ask.
It can allow you to tap into the psyche of professional property investors and developers without having to personally know them.
It will give you details of useful resources, websites, networking clubs and property forums. Most of them you can access for free and get invaluable input from property experts whenever you need it. So, in essence, you will have a whole host of mentors, as well as this site.
Alternatively, you could pay a property expert to mentor you right now. However, the current rate, at the time of writing, for this is between £10,000 and £20,000. On top of this you will probably need to have another £10,000 to £20,000 readily available to start your property business – and even then you are usually sharing them with a number of other people. Admittedly, if you have a good mentor, you will be fast-tracking your property success and learning some priceless skills.
But why would you want to spend all that money doing that when practically all the information you will learn from them is either available on this site, through the free website links that we recommend or through joining some of the networking clubs and forums we recommend?
Most of the expensive mentoring schemes out there only equate to about two to three weeks solid time a year with your mentor – between £10,000 and £20,000 is a lot of money to spend for this privilege. Now, if you have money burning a hole in your pocket, then this may be money well spent. We know of several people that have gone down this route and been very successful because of it. But you would need to make sure you were using the right mentor, as there are many so-called property mentors or property gurus that will take your money and give you very little in return.
Bottom line is that getting a property mentor is essential, but how you do that is up to you, but before you go rushing out to spend your £1000’s on the best mentor you can find, first have a look around our website to get some advice. And if you still want to spend your money on a property mentor, check out the property education section because we do reviews of various property experts and their courses there. This might help point you in the right direction for the right mentor for you.**Nothing on this website should be confused with financial or legal advice. If you need this, or any other type of advice, please seek the help of a competent professional. In addition, because real estate laws change all the time and differ from state to state, and even city to city in the same state, everything in these pages should be considered general marketing advice and ideas. Please see link to full Disclaimer at the bottom of this page.