What made you decide to join that group/mentorship?

Question

There are mentor and coaching groups every where we look in the real estate world. We're plastered with adds on social media and often referred to some by friends or colleagues. In full disclosure I am not looking to join one, I simply want to hear from those that have.

If you have currently invested in a group such as this, what was the value you saw in the program and what was the determining factor that made you decide it was worth the investment?

Aaron Macken · Answer

I looked for real estate investors groups on meetup.com but mostly found people putting on paid programs, few of which looked like they held much value. What I was hoping to find is simply a group of investors to chat with and share ideas. When I was breaking into the web developer industry, there was plenty of free meetups that I could attend to network with other like minded individuals. Maybe I'm just looking in the wrong place, but I'd love to have some local contacts to chat with once a week / month.

Daniel Haberkost · Answer

An investor here in town who I met at a local RE meetup began selling a coaching program for his land business. I already have a development business which starts with finding the right land and saw an opportunity to create additional income without significantly more effort. It was an ideal ancillary business.

Plus, I'd known the guy for several years and he'd helped me for free many times so I knew/trusted him. So, I paid him to teach me his land business and it was a great decision. It's very complimentary to what I'm already doing and creates small monthly payments for me in the form of notes whereas my development yields large payouts at the end of projects.

Spending a few grand shortened the learning curve dramatically and he's now a resource for any questions I may have on land (or any aspect of RE).

Mitch Messer · Answer

Hey @Dallon Schultz, that's a great question!

I've been part of a coaching and mastermind program for six years this month. The Number One reason I joined was to receive unflinching Accountability.

For most of us, it's not a lack of information that dooms us; it's a lack of action on the info we already have!

My Team knows what I want to accomplish (because I told them), so there's nowhere for me to hide from their frequent, persistent check-ins to ensure I'm making progress.

And that's only fair, because that's exactly what I'm going to do to/for them with regard to their goals!

When you have a pack of raving maniacs keeping you accountable, you necessarily become an accountability beast yourself. Or, you quit. There are no other options.