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Updated over 7 years ago,
To everyone that is looking for a mentor...
So, I'm going to offer my expertise here today and become your mentor, for free, on the BiggerPockets forum.
I assume you have big goals and dreams. You are looking for a mentor to guide you by the hand and lead you in the right direction. I'm here to start you on the process. I will make it easy. And, I will do it for free. No risk to you.
Don't call me. I will give you condition permission to call me, under only one circumstance:
IF YOU TAKE THIS ADVICE, I want a phone call in a year (seriously) from the time you read this. For, if you take the mentoring advice about to be given, you will be successful in a year. You will have at least one deal under your belt. You will have taken action. You will have gotten results.
This is aimed at two types of people here on BP.
The first type of individual that I’m directing this toward is the complete newbie; that is, the person that has just arrived within the last few days or weeks and is floundering around, having no idea what the next steps are.For you, I recommend following the advice I’m going to give below AFTER you read the Ultimate Beginners Guide at https://www.biggerpockets.com/real-estate-investing and make a plan.I am interested in your plan, so feel free to map it out and tag me in the plan.Other people on BP can only hold you accountable to your plan if we know what you’re trying to do.
The second type of individual is really the reason I’m writing this post.This is the individual that has been on BiggerPockets between 6 months and 15 years that has not yet done a deal.I am writing this to you.I want to mentor you.I’m giving you free advice.I’m giving you advice that, if you paid me tens of thousands of dollars, would be the first set of advice I would give you.I would not continue our training until you followed this advice.No refunds.
…
Before I give you the advice, I want you to think about something.
Think about your life; wherever it is and whatever situation you’re in.Whatever it looks like is irrelevant.
Now, think very hard if you continue your current action level (which, thus far, has led to no deals) what will be the results in 5 years?Will you have a deal?Really think about it.
Now, take it out 10 years.You’re continuing the current level of action; the action level that, thus far has led to no deals.Do you have a deal?Did a deal fall in your lap?Answer honestly.This is for you.This is your life.
Now, go out 20 years.20 years is a looooooooonnnnnng time.Based on your current action level, what have you been able to accomplish?Did you get even one deal, or did you continue to play on the sidelines; allowing fear of the unknown and fear of loss to stop you?Is this where you want to be?
…
Are you ready?This advice is super, super simple.
1) Simply stop watching TV.There are so many reasons for this that I could spend a whole blog post writing out why.Simply stop.Regain the two to three hours every night.Let me ask you a question.If your eyes glazed over just now and your mind shut off because this piece of advice is inconceivable to you, put yourself out another 20 years of watching TV.Have you gotten anything from it?(Look back on the last 20 years of you watching TV.Have you gotten ANY value from it at all, outside of distracting entertainment?).
Why not spend those 2-3 hours per night on your dreams and your goals?Why not spend those 2-3 hours a night trying to get to the point where you secure your first (or next) investment deal?Why not?TV IS safer.TV IS comfortable.
TV does not bring you your wishes.TV does not get you your goals.It distracts you from what you want.It lulls you into complacency.It hypnotizes you into the action of nothingness.
Give up TV.Focus on real estate.Get a deal.
2) We, as individuals have approximately 20-35 hours of week of free time.What are you doing with that free time?Do you know what it is that you truly want?
Do you want money?(There’s an underlying reason.Nobody wants pieces of paper with dead notables.It’s the things and experiences that money can get you that you want.What do you want?).
Sit down one evening this week.Give up an evening of TV.Write down the answer to this question.Take all the time that you need.
“What do I want?”Write it down at the top of the paper.
Be as detailed as possible.What do you want?Most people never figure it out.
What do you want?
Do you want to secure your first real estate deal by the end of this year?Fantastic.Get a little bit more detailed.You want to have purchased your first buy-and-hold deal by December 31, 2016; having purchased it with private money.
Awesome.
Now that you know what you want, what are the steps that you commit to in order to achieve it.
"I will spend no less than 1 hour a night, giving up TV to get the extra time, in order to find deals.I will search the local MLS, Craigslist and call 1 realtor every day.If I find a house that meets my criteria (which you better have written out), I will make a purchase offer on the house immediately.I will drive for dollars, to find vacant houses for 5 hours every weekend.I will spend 2 hours every weekend on the GIS website to find addresses, in order to send yellow letters to the vacant property owners.I will answer the phone immediately when people call me, in order to find my next potential property".
Your action plan should be loooooooooonnnnnnnggg.It should detail out everything that you are going to do and focus on.
“I will post my action plan on Bigger Pockets in order that the community can help hold me accountable”.
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Get out there and take action!What happens without action?What happens if you don’t do anything?
This is my mentoring advice for you.If you are serious about this game, it is requested that you really take some time to think seriously about this advice.
Where will you be in 20 years?It’s all up to you.It’s all your choice.Your destiny and outcome of your life is 100% in your hands.
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Keep rockin’.