Updated about 2 months ago on . Most recent reply
There's a pattern I've watched play out for thirty years.
Investors with college backgrounds tend to pay for mentorships without much resistance. They're conditioned to it. Paying for knowledge is how they've always moved forward. The mentor industrial complex in real estate is built almost entirely on that muscle memory.
Investors without that background tend to go the opposite direction. No courses. No coaches. Just doing it and absorbing the losses as education. That works until one bad contractor or one wrong deal costs more than any course ever would have.
What almost nobody does is the thing that actually works.
Hiring professionals for specific jobs the way a real business does. A CPA for the accounting. An estimator to price work before you commit to a number. A construction consultant to review a bid or walk a property before you close. An attorney to review the contract before you sign it.
Not a mentor who knows a little about everything. Specialists who know everything about one thing and charge you accordingly for that one thing.
The mentor sells you a system. The professional solves a specific problem. One of those has a measurable return on investment. The other has a testimonial page.
Most investors figure this out eventually. The ones who figure it out early are the ones still in the business ten years later.
If you're at the point where you're evaluating who to pay for what on your next deal I'm happy to talk through what actually makes sense for your specific situation.