Success/Mentor

[Adrian Rice]

Starting out wholesaling I'm wondering how important it really is that I find a mentor. The coaching programs that are available aren't afforable when you're just starting out but I'm sure they are worth it if you have the money. So what I am asking is if I can't find a mentor because I have nothing to offer them in return should I plan on failing my way to success? If that is the case I'm ok with that. I would like the opinion of a few people that started out wholesaling or anyone that can relate. Thank You

[Tom Goans]

@Adrian Rice,

Education and Experience Are Critical to Success

The real estate profession is extremely complex with many intertwining segments.

Because of the complexities of the real estate business and the need to be more competitive by knowing more, education is critical to enduring success in any business - especially in real estate.

I understand your financial challenges, however, making mistakes can be much more costly over a very long period. I know some people who never recovered for the rest of their lives.

Education Sources

• Small Business Administration (SBA) - Not just for loans
  • This is a taxpayer-funded organization just waiting to give you guidance and education. The website is loaded with great articles to help you broaden your business fundamentals and skills, including creating a business plan. The organization also conducts seminars and extended classes in local areas. Some, in association with local colleges.

• Some banks and other local businesses conduct monthly seminars that are very economical to free.

• School districts sometime offer seminars on a variety of subjects.

• Real estate trade schools offer many great courses.

• Many local colleges offer continuing education courses.

Be Paid While You Learn

A great way to be paid while you learn is to work for a seasoned investor who has a long and successful history of real estate investing, especially in the area(s) that interest you the most. You will learn the fundamentals, lessons learned from mistakes, what has better results, tricks, shortcuts, and you would learn tips and better methods than taught in most books or in audio recordings.

After having worked for a seasoned investor a period of time, ask the investor to be your partner in your first several investments. This could allow you to become an owner without much or any money out of your pocket. You will also continue your education.

May your future be full of great success.