Business Management

5 Reasons You Should Join a Real Estate Mastermind Group

Expertise: Real Estate Investing Basics, Landlording & Rental Properties, Real Estate News & Commentary, Mortgages & Creative Financing, Real Estate Wholesaling, Personal Development, Flipping Houses, Business Management, Real Estate Deal Analysis & Advice
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I just got back into town last night after having spent 3 days in San Diego with my real estate mastermind group, The Collective Genius. In years past, I prided myself on my independence and ability to grow a business without going to real estate club meetings, paying for coaching or especially buying into expensive classes and products. I suppose I gave myself a little too much credit for going it alone without the need for input and education from peers and other experienced real estate investors.

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Fast forward a few years, and now I would tell you a different story. I joined my mastermind group in 2013 and can personally attest to the way a solid mastermind can dramatically improve a business. Over the past 2 years in The Collective Genius, I’ve rubbed shoulders with some of the top real estate talent in the country and have made some lasting relationships in the process.

We meet 4 times a year and at the end of every meeting, I come back armed with so many proven strategies, tactics, relationships, contacts, resources, etc. to take my business to the next level. Knowing what an impactful thing a mastermind can be, I thought I’d lay out the 5 reasons why I think it makes sense for real estate investors to join one.

5 Reasons You Should Join a Real Estate Mastermind Group

1. Education

One of the key takeaways from any mastermind group are new insights and knowledge in areas you may not know or have experience in. There are approximately 80 people in my mastermind group – all with different specialties and expertise.

Related: Real Estate Coaching or Mentorship: As a Newbie, Which is Right for You?

I come home from every meeting having learned something new and having been educated on some particular topic or niche in real estate. Being in a mastermind is a phenomenal way to surround yourself with highly knowledgeable individuals in your industry.

2. Advisement

The tagline of my mastermind group is “The Elite Investor’s Board of Directors.” This is actually an incredibly accurate statement, as our quarterly meetings often feel like a board of directors advising you on your business.

One of the big roles that a mastermind can play in your business is simply by giving advice on a problem you may be having or a challenge that you’re facing. Other times, it can simply help you to grow your business to the next level. Who better to give this kind of advice? You are surrounded by a roomful of other experienced, successful members in the same industry who have likely faced the exact same challenges.

3. Collaboration

I didn’t realize at first what a wealth of opportunity is created by putting so many successful real estate investors together. Within a few short meetings I was doing deals and collaborating with other members around the country. Many successful joint ventures have come out of our mastermind that would not have happened had it not been for this group.

4. Networking

I think it goes without saying that when you put a number of real estate professionals together in one room, you have the added benefit of an instant network of people and resources. Not only is the network of people in the room an amazing start, but the number of outside introductions that can be made from the people in the group. I know in my group if there is literally anything or anyone in the real estate investing world that I need access to, there is somebody in the group who can make that introduction for me.

5. Growth and Change

Ultimately, the reason to join a mastermind is to affect you and your business in a positive way. Over two short years, I've watched countless people in my group grow their businesses exponentially as a direct result of being in the group. Not only have many of us increased our revenues and the number of deals we are doing, many of us have made significant changes in how we run our businesses that have made us more profitable. From systems to strategies, the collective knowledge inherent in a mastermind group will almost always produce growth and change in every member's business.

Related: Real Estate Mentors, Accountability Partners, and Masterminds; Your Secret Sauce

While you may not be at the level of a Collective Genius in your business quite yet, there are masterminds all over the country and at all levels. Do not assume that you are better off on your own. We all have room for growth, and surrounding yourself with experienced and successful peers in your industry is a great way to increase your knowledge, your network and your opportunities — and ultimately to grow your business.

I’m curious: How many of you out there are already in mastermind groups? If so, how have they helped you in your business?

Leave a comment, and let’s talk!

Ken Corsini is a seasoned real estate investor and business owner based in Woodstock, Georgia. Ken is best known for his role on HGTV’s hit show “Flip or Flop Atlanta,” and has flipped over 800 hou...
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    Andrew Syrios Residential Real Estate Investor from Kansas City, MO
    Replied over 5 years ago
    I think the networking angle is the most important. It seems to do very little for you often, but then, boom, it hits and all of a sudden having that network lands you a great deal/financing source/contractor/employee, etc. And these things usually keep coming. It’s a long term thing, but people should never neglect networking.
    Kathy Henley Rental Property Investor from St. Louis, MO
    Replied over 5 years ago
    You have sold me. Where do we find a mastermind group to join?
    Nasar Elarabi
    Replied over 5 years ago
    Just joined the Master mind you in.. We met this past week.. 🙂 Reply Report comment
    Nasar Elarabi
    Replied over 5 years ago
    Just joined the Master mind you in.. We met this past week.. 🙂
    Jerry W. Investor from Thermopolis, Wyoming
    Replied over 5 years ago
    I would love to find one. I hear people say you are the 6 people you have around you. That scares me some days.
    Kimberly H. Residential Real Estate Broker from Chicago Suburbs, Illinois
    Replied over 5 years ago
    Have you bought 20 properties in the past 6 months?
    Kimberly H. Residential Real Estate Broker from Chicago Suburbs, Illinois
    Replied over 5 years ago
    Have you bought 20 properties in the last 6 months?
    Brent Hawker from Simi Valley, California
    Replied over 5 years ago
    Anybody know of a good group in the the LA area to join? I’m an agent that has been in the business for many years that has inventory of SFR for wholesale that I have personally comped out and laid hands on. I’m looking for cash investors I can provide properties to, for a small equity position in the project, (and supervise the project if needed), then I sell that property for top dollar for you, or screen/provide quality tenants for Flip and hold positions.
    Brent Hawker from Simi Valley, California
    Replied over 5 years ago
    I also have developers that are looking for private capital for larger RE development projects, many of which are EB-5 eligible, what would be a good group for finding foreign investors seeking California and Hawaii RE projects?
    Gary Alford Investor from Norfolk, Virginia
    Replied over 4 years ago
    I’m trying to find one now! I’m not at the level of the collective genius but will be ready for them at the end of this year. For now I need something.
    James S. New to Real Estate from Dayton, OH
    Replied about 2 years ago
    i’m a up coming investor with 10 plus years in renovations I was shot in the chest at a very young age disabled but do what i can i have 3 young daughters and very little to live on im struggling with health problems but gradually getting better every day and just want to give my little girls the life i never had. i struggled for years with PTSD and Depression dealing with abuse from my parents to having three daughters of my own i lost my 14 year old nephew who was convinced i was his hero he died few months ago he suffered from asthma had no air conditioning and no running water i just remembered wanting to help them so badly but had no way of doing so due to my situation now with one young nephew left and 3 daughters i have to become that hero i have to do whats right and save them .. James Swyers from dayton ohio add me on bigger pockets i need a mentor like you i think your incredible ..
    Dennis S. Gelbart Developer from Chicago area
    Replied 9 months ago
    I live in the Chicago area. Any idea how to get involved in an existing group? Dennis Gelbart