Is It Worth Getting a Property Mentor?

"Seek mentors who have done what you desire to do and who have become what you desire to be"

If you speak to any successful person you will find that he has or has had great mentors to get him to where he is today. If you want to become successful in property, I would advise you to find someone you can learn from and who can help you to take that first step. If at all possible, find a mentor you can speak to personally, rather than someone who will only speak to you if you are part of a group in a seminar-style setting.

A mentor will be someone whose work you admire. He will be someone who has achieved what you want to and is in a position to get you where you want to be quickly. A mentor will also have access to a network that you may wish to be part of.

For example, your property mentor will have a team of property finders, solicitors, financiers, surveyors, architects and builders etc who he uses in his daily business. Good professionals often take years to source. However, you could greatly enhance your chances of success by tapping into the same team that your mentor uses.

As a property entrepreneur, I have several mentors who have helped me to achieve quick results that would otherwise have taken me several years to attain.

A good mentor will

  • Coach you
  • Guide you
  • Nurture you
  • Challenge and criticise you to get the best results possible
  • ……and much more until you succeed

So how do I find a mentor?

There are several methods you should be using to find your ideal mentor. I’ve listed a few here:

  • Network

By attending networking events and meeting other successful property investors, you should very quickly be able to pick out a couple of people you think could help you in your property career.

It’s then a question of approaching them and asking them if they offer any mentoring. If they don’t, ask them if you can help them in their business for free in return for some general guidance – this normally works quite well.

 

  • Surf the internet

Use the internet to research existing property entrepreneurs in your area. Again, look for someone who has achieved what you wish to achieve and looks like someone you could work with.

 

  • Ask a friend

If you have any successful property investor friends, you could ask them to guide you. Alternatively, ask them if they have any mentors that they wouldn’t mind you working with.

 

  • Source authors of property books and courses

If there is any book or program that you have bought in the past and learned from, you may want to approach the author and ask him if he offers mentorship. This is a great way to find an established and recognized expert.

Once you have chosen a mentor, you will be spending a lot of time with him so please ensure he is someone you are comfortable working with him. Good communication is essential. Common goals and similar interests will definitely help here.

 

 

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Property Investment Is Not A Get Rich Quick Scheme

 

I recently read that 8/10 millionaires made their millions through real estate. Whether this statistic is entirely true or not, I don’t know. However, what I do know is that A LOT of people have made their millions from property. In fact, I would even go so far as saying that more millionaires are created from investing in property than any other industry.

If you are interested in obtaining a good passive income, then I would definitely recommend you consider property as one of your strategies for wealth creation.

But be warned, property investing is not a short term get rich quick scheme. Done properly and with guidance, you will gain:

• Amazing capital growth – your portfolio will increase by £100,000’s a year.
• Great cash flow – you will obtain an amazing monthly passive income.
• A legacy to pass down to future generations.

If you are seriously considering property investment as a career choice, please note that you need to look at it as more than just a hobby. In other words, you need be put some effort in for it to work. If you do only look at property as a hobby, you will only ever achieve hobby profits. Your dreams of earning millions from property will remain just that – dreams!

Property investment, like any business, is a serious business and you need to start investing with the right attitude. Working just one day a week on this business is simply not enough especially when you’re starting out. I’ve known a lot of people who have started investing in property only to fail miserably purely because they expected too much in too short a time.

So how do you become a serious property investor? Simple.

As a minimum, you need the following three traits to succeed

• Knowledge

This can be obtained from mentors, books and seminars. To do well in any business, you don’t just need specialised knowledge but will also need to develop yourself personally.

I would encourage you to attend personal development events to help you to move forward quickly.

• Personal Motivation

You need to be motivated to do well any aspect of your life. A lot of people fail because they give up too soon! They try one or two techniques recommended to them, find they don’t work and decide property investment doesn’t work!

Model yourself on a successful property investor that you know. Keep going and don’t give up.

• A Team

To do well in property investment by your self is almost impossible. All successful property investors that I know have built a team of clever people around them. You need to do this also.

As a minimum you need access to good solicitors, accountants, financiers, builders, other property investors and finders. Become a prolific networker, show people that you are a doer and expect results in your business and allow like minded people to join you in helping you to grow your business.

 

 

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