Personal Development

7 Ways to Find a Real Estate Mentor for Free

Expertise: Commercial Real Estate, Personal Finance, Real Estate Marketing, Business Management, Landlording & Rental Properties, Real Estate Investing Basics, Personal Development, Real Estate News & Commentary, Mortgages & Creative Financing
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free-mentor

How can aspiring real estate investors find mentors — for free?

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All the greats have mentors. The best investors, real estate moguls, coaches, athletes, and politicians have all had mentors. Not every new investor can afford or justify the high cost many real estate trainers are trying to charge today. So how do you get this crucial help without a big budget for it?

7 Ways to Find Free Real Estate Mentors

  1. Use BiggerPockets to tap into their advice, feedback, and strategies.
  2. Join local meet up groups and networking events.
  3. Go where they hang out and strike up a conversation.
  4. Volunteer with causes they are involved in.
  5. Simply do awesome work — then get noticed and get recruited by them.
  6. Go to their free trainings.
  7. Invest with them and learn as you go.

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Related: 4 Rookie Mistakes That Drive Potential Real Estate Mentors Away

How I Did It

What I did was find a mentor who worked in all the elements in real estate. They were involved in everything from purchasing the property to rehabbing the property and property management. This investor happened to work out at the same CrossFit gym as I did.

I overheard on multiple occasions his conversations on all the elements he was involved with in the industry. I offered to work for this person for free (yes, I said for free) to help with whatever was needed in his business. In return, in two to three years. I learned what would have taken most investors 10-15 years to learn. I basically pulled from his 20 years of experience in the industry and squeezed it into those few years. It helped me sidestep most (not all) newbie mistakes and a lot of expensive trial and error.

What’s Important in Finding a Mentor

It is vital to remember that just because someone in the industry is willing to mentor, train, or put you to work for free, that doesn’t mean there is value for you. You’ll learn something, but if you really want to fast track to your goals, you need to find a great mentor who has been there and done that. That is someone who is not only crushing it in business and is getting the results you want, but is also good at mentoring. This really worked for me, but it is always good to evaluate your options and test them out before making a big commitment.



Related: Why an Amazing Mentor Makes the Difference Between Mediocrity & Wild Success

If you want to learn and earn real estate in the most effective and profitable way, it pays to get a mentor. Some are comfortable with paying tens of thousands for training programs, while others such as myself don’t have that amount of capital starting out, so we barter with our time.

If you have a mentor, how did you find them?

Let me know your experiences with a comment!

Sterling is an multifamily investor specializing in value-add apartments in Indianapolis and other Midwestern markets. With just under a decade of experience in the real estate industry, Sterling was involved with the management of over $10MM in capital, which is deployed across a $18.9MM real estate portfolio made up of multifamily apartments. Through the company he founded Sonder Investment Group, he owns just under 400 units. Sterling was featured on the BiggerPockets Podcast and has been contributing content to BiggerPockets since 2014, with over 200 posts on topics ranging from single family investing and apartment investing to wholesaling and scaling a business.

    Douglas Skipworth Rental Property Investor from Memphis, TN
    Replied almost 3 years ago
    Great advice, Sterling! As usual, your tips are right on the money. Several of your 7 tips are exactly how we’ve gained valuable mentors along the way.
    Sterling White Rental Property Investor from Indianapolis, IN
    Replied almost 3 years ago
    It’s always great to hear from you Douglas! Is there a tip that you’ve used the most out of the 7?
    Tim Puffer from Lansing, Michigan
    Replied almost 3 years ago
    Spot on Sterling! I’m in the process of finding a mentor right now – so this is timely information!
    Sterling White Rental Property Investor from Indianapolis, IN
    Replied almost 3 years ago
    Thank you for the comment. What strategies are you utilizing to find this mentor, Tim?
    Alex Sanfilippo from Jacksonville, Florida
    Replied almost 3 years ago
    Awesome posts and great advise for finding mentorship! As an individual who is in the middle, both always looking for more influences/mentors and also mentoring younger generations, I can tell you that these are some pro tips in this post!
    Sterling White Rental Property Investor from Indianapolis, IN
    Replied almost 3 years ago
    Thank you so much for the kind words. Which of those pro tips are you currently using to find mentors, Alex?
    Alex Sanfilippo from Jacksonville, Florida
    Replied almost 3 years ago
    Currently using the following: Use BiggerPockets to tap into their advice, feedback, and strategies. Join local meet up groups and networking events. Simply do awesome work — then get noticed and get recruited by them. Go to their free trainings.
    Michael Brown from Boston, Massachusetts
    Replied almost 3 years ago
    Crossfit…how I found my mentor. Start next week on my mentorship journey.
    Ryan Bogy from Chino, California
    Replied almost 3 years ago
    Is yours a service based mentorship or are you learning in a different format? Curious if anyone else has approached it alternatively? Always interested in different paths
    Brian Grant Rental Property Investor from Lake Arrowhead, CA
    Replied almost 2 years ago
    Great article.