When to Say No to a Real Estate Mentor

Normal 0 false false false FIL-PH X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-ansi-language:EN-PH; mso-fareast-language:EN-US;} A real estate mentor , they say, is the secondbest teacher in the business after experience. Hiring one has done wonders formany real estate investors. If you search for a teacher on the Internet orclassified ads, you will surely find a handful. However, how will you know ifyou’ve gone to the wrong master? Here are some indications that you are underthe tutelage of the wrong person. ·          His basic concepts will takeyou years to master. A real estate investing guru must be able to cut yourlearning curve significantly. That means that your learning time must be muchshorter compared than the time you’ll take with self education. A teacher mustallow you to venture in the business as fast as possible so you can apply histheories and prove whether they really work. He must help you make money today,when you need it the most. ·          The real estate investing teacher’s theories are yet to be tested. Onereason why you would want to hire a mentor is to avoid mistakes that are toocostly to commit. The teacher must be able to steer you on the right course andwarn you of the mistakes that await you along the road. He can only do this ifhis system is a reaction to the mistakes made by other investors in the past.If he is teaching experimental methods of investing, you must take caution intrusting that real estate mentor. ·          He is salesman pretending to bea teacher. Have you ever been in a situation where you enrolled for a coursethat promised you riches? The mentor promises to teach a certain technique orconcept in an hour. But after the session, you realize that he spent 50 minutessales pitching, five minutes introducing himself, and the last five minutes fora CR break. He promises to really teach you the concept in the next session butwhen you attend it, you hear more and more sales pitches and not a single hintof new useful real estate knowledge from it. ·          He doesn’t drink his ownmedicine. A real estate mentor mustpractice what he preaches like any good mentor will do. It is best to learnfrom real estate investors who are still active because these are teachers whoare able to adjust their strategies to suit the need of times. The marketstrategies he will teach you must work in whatever market you work in. Learn more aboutthese mentors by visiting REIWired.com today.

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