BiggerPockets

Loaded question! What can they offer and what kind of mentoring and information is provided?
Prices can be all over the board, just stay away from the gurus!

Not a bad idea Eddie!

like i said, i don't know anything about this, but i wanted to share my two cents and say that phrased like that...i would think this person is a "guru" selling their education(al) "product". it just doesn't sound right to me. then again i am super skeptical these days because i learned pricey lessons about gurus and their education...!

Gurus suck butt!!

I recently wrote a blog post, you can view it here... http://www.biggerpockets.com/blogs/585/blog_posts/3453-i-fired-my-mentor-

where I discussed having "fired" my mentor and also where I provide some insight into the types of qualities a mentor/coach should bring to the table.

One other item I would recommend is that any coach you hire should be willing without reservation to open up their entire rolodex to you so that you have a trusted team in place on the day you start.

As for pricing... it is all over the board. In you market wholesale mentors can cost as little as $2K with others running as high as $12K.

A lot depends on what you are looking for and how fast you want to collapse your learning curve.

Good Luck!

Hi, I suggest you find a local Realtor that can assist you initially, who is familiar with investor strategies. They have a vested interest in seeing that the deal is done to get paid. That's free! If you can't find a good Realtor willing to start out a new client, get with another investor and work with them. Just make sure they let you see the whole process, otherwise the will just turn you into a birddog!

Peter mentioned for as little as $2,000, Some are free!

I also suggest not suing anyone who wants a set amount per month, all they are doing is setting up a solid cash flow for themselves, if they aren't good enough to earn while you learn and close deals, don't bother with them. Now, if there are some small admin expenses from time to time, then assess those, just make they are justified.

Too many coaches and mentors offering advice and assistance that have been in the business less than ten years, that usually means they just have not had enough time to be exposed to what you can come accross. As always, I suggest you ahve a good command of real estate basics before you look for help.

I have coached hundreds, maybe over a thousand people in investing over the years. I only deal locally. I assist many people ansd some on here, and I do not charge them at all. But here's the hitch, I can't take on a pure novice, I don't have time to explain basic aspects of securing your interests, or a basic sales contract. No, this is not an ad, it's to say that anyone in the business expects ceratin things from you too.

You can't expect to walk in fresh without any RE knowledge and have them begin teaching you from ground zero for nothing! Asking question is expected, asking who has to sign a real estate contract is another thing.

You have to be willing to work and do what you are told. Especially if you are splitting a deal for the compensation to the mentor/coach.

Let's say you have a good command of Spanish, but not English, find a Spanish speaking teacher and deal, in the beggining, with those speaking Spansih. Communication in real estate is very important. That means having decent grammer and writing in complete sentences. I can't tell you how many questions I get that are so poorly written that I have to spend extra time reading them over trying to figure out what they are asking. This gets very frustrating and I don't deal with that very long.

If you have a financial obligation to pay them for something, then pay them and do so on time.

Demonstrate a willingness to learn and earn.

No go find someone to help you! LOL
Good luck, Bill