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Types of Mentors

Types of Mentors

As with any profession, to become the greatest at your work, mentorship is key. Some of the greatest businesspeople, athletes, investors, etc. have become successful, in large part because of the guidance of a coach or mentor. New investors often wonder how to find a real estate mentor who will hold their hand and help them accomplish their goals.

So how do you know what type of mentor you need?

You first want to align yourself with people who have already achieved success doing what it is you want to do. Financial freedom is all about having more time to do the things you enjoy. So, the whole point of a mentor is to have someone help you get where you want to go safely and efficiently, and in the shortest amount of time.

A good real estate mentor will offer tips, tricks, advice, guidance, strategies, and marketing tips. They will generally have several years of experience in the arena you choose and will add value to what you’re doing or planning to do. You want someone who will kick you in the assets but also hold your hand along the way.

Depending on your level of needs, availability, learning styles and knowledge of what you’re pursuing, there are different types of mentorships and coaching to consider:

  • One-on-One Personalized Mentorship: One on one mentorship is probably the most strategic way to master the real estate industry. By working with an experienced investor one on one, you get personalized advice, based on YOUR needs and wants. Every deal is different so having the ability to call on someone for the deal at hand will ensure each deal makes sense to you and is delivered to you in a style that adheres to how you learn individually. This is the true art of hand holding.
  • Mastermind Groups: No matter where you live, there are more than likely real estate investing groups. These investor groups are beneficial in learning about your market, and in connecting with local people who are also interested in potentially doing what it is you want to do. It’s common for people in these groups to put you in contact with other people in the industry. This can lead you to great connections and even help you think of new ideas to include in your business plan or journey.
  • Accountability Coaches: Coaches are a little different than mentors, as coaches are really there to just give you suggestions and help you stay motivated, while mentors have the knowledge, credibility, and experience to advise you on deals and even help evaluate opportunities at hand.

Mentorship can expedite your journey and is highly encouraged for new investors. If you have interest in mentorship, coaching or expanding your network, visit our website to get in touch with us.

Areas of Review

Takeaway

Big picture takeaway points

  1. To be good in any kind of profession you must learn from the best.
  2. Surround yourself with people who have the same mission as you.
  3. Look at getting a mentor in the same field of expertise as you are looking to invest in.

Reflection

Self-reflection questions to think more about the content

  1. How can I get plugged in to a group of investors with the same mindset?
  2. What kind of a mentor am I looking for?
  3. What is my timeline? This helps achieve what you are setting out to accomplish by writing it down.

Join Legacy’s Building Wealth Club today and continue your journey. Let our education and experience lead the way!

Legacy Wealth Club