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Updated over 10 years ago on . Most recent reply

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JoJo Diego
  • Dallas, TX
15
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57
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Real Estate Mentors...don't come cheap!

JoJo Diego
  • Dallas, TX
Posted

Hi folks,

I guess I just wanted to rant or ask, what's with experienced real estate investors wanting to charge for mentoring? Or perhaps I have the wrong idea of what "menor" really is. I recently got in touch with a guy who's actively flipping and has been for some time. He offered me to chat with him and see if I he and I would be a good fit. After he liked my drive and determination, he hit me with his fee - $1500/mth for a minimum of 3 months, what?! I truly thought mentors did this out of the kindness of their hearts, lol. Do all (or most) mentors follow this same philosophy and I'm just going to have to bite the bullet at some point? 

Most Popular Reply

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17,995
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J Scott
  • Investor
  • Sarasota, FL
17,199
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17,995
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J Scott
  • Investor
  • Sarasota, FL
ModeratorReplied

Mentors don't charge -- they help you because they have a vested interested in your success.

Coaches charge -- they do this as a business (or a side business).

There are pros and cons to each; some mentors aren't worth getting free info from and some coaches are worth every penny.  But if you're looking for a mentor, you're going to need to build a relationship with someone and give them some reason to have a vested interest in you succeeding.

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