Guru, Coach or Mentor? Part II
Last week I discussed the differences between the Guru, Coach
and Mentor. We saw that the Guru and the Coach are money driven
by the sale of their products while the Mentor is driven by your
success.
For the next several weeks I will be addressing the important aspects
of a good Mentor and what knowledge they should they be able to
share when mentoring.
Here are a few of the topics that a good Mentor should be able to
guide you through:
· How to build a working business plan
· What type of accounting and database management system you
should use.
· Marketing for the purchase or sale of properties (Marketing plans,
Strategies & Implementation).
· Prequalifying income producing properties (It is more than
NOI &DSCR)
· Contracts and Agreements
· Negotiating Contracts
· Listing your property
· Appraisals and Valuations
· Real Estate Financing
· Environmental – Phases I, II, and III
· Due Diligence
· Risk Management
· Insurance – Type of coverage need for your business and
properties
· Real Estate Title and the Closing Process
Generally when you purchase training programs there is little or no
interaction between seller and student. The cost is usually expensive
and after a short time the student starts to lose interest in the program
they have purchased.
It is different with the Mentor in that there is constant contact and an
ongoing dialogue between the Mentor and student.
If you have an interest in being mentored at a low monthly cost of
$38 per month ($456 annually) go to The Circle of Winners Master
Mind Group. www.cwlsr.com
Look tomorrow for “How to build a working business plan:
Curtis William Lee, Sr.
[email protected]
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