Mentorship can be one of the biggest factors that impact a new investor’s success. Investing in real estate can be an intimidating, overwhelming experience. Though it is entirely possible to go it alone, having a mentor or coach can greatly expedite and enhance your success. According to Erin Helle, real estate investing expert and coach, there are multiple reasons why a new investor should consider hiring a mentor or coach.
First, a coach can guide you in the right direction. There is so much noise in the real estate industry, it can be impossible to know what decision is right for you or which investment strategy to pursue. Your coach can meet you where you’re currently at and point you in the direction that will make the most sense for your personal goals.
Next, a coach can save you valuable time. You could spend countless hours listening to podcasts and reading numerous books, but in a very short time, a coach can instill that same knowledge in you, while taking a personalized approach to your goals and situation. A coach can also save you weeks, months, or even years wasted going down the wrong path in your investment journey. A good coach will set you on the right path, and keep you on track to achieving investment success, whatever that looks like to you.
Lastly, a coach provides necessary encouragement and motivation. There will be days in which you forget why you ever wanted to invest in real estate in the first place. A coach can keep you motivated, remind you of your goals and motivations, and help you avoid analysis paralysis!
As a new real estate investor, investing in yourself is one of the best decisions you can make. Hiring a coach is an excellent way to do so, but you should take time to ensure you’re picking the right coach for you. According to Erin, there are three crucial steps to finding the right coach or mentor.
- Self Reflection. Start by figuring out what it is you’re working towards, identify your goals, and establish your “why.” Once you have a solid grasp on this, finding the right person to partner with will be much easier.
- Create a plan. You should have some semblance of a plan before hiring a coach. That is not to say you need to have it all figured out, but you should enter into this relationship with a general idea of what you hope to gain from the relationship.
- Start Looking for someone whose values align with your own. Not every coach will be the right fit for you. Look at client testimonials and feedback, take your time learning more about the coach and make sure that their values and motivation are in alignment with your own. This will lead to a much smoother relationship down the road.
Erin Helle is a real estate expert and coach who has dedicated herself to equipping others with the tools and resources to achieve real estate success. To learn more about her coaching packages and courses, visit https://erinhelle.teachable.com/p/reccountability-investor-course?preview=logged_out.
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