When To Pay for a Coach and When Not To

[Account Closed]

I would suggest you don't need to pay for a coach in the following scenarios

You're not sure if real estate investing is for you –

1. First, Pretend you bought a property then dig around Bigger Pockets and see what people have to say about their experiences and apply to your pretend property. Would you be comfortable with the same experiences. Look at their questions. Develop your questions & ask people how they handle the scenarios.
2. Join a REIA (NationalREIA.org) in your area, attend some meetings and try to get to know some investors. Take a couple to coffee and find out what they like and what they don't like about real estate.

If you would have to borrow money to pay for the coaching (don’t)

If you are satisfied with your portfolio, making enough money and not experiencing problems in real estate (excellent)

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In Any the following scenarios it would likely be beneficial to have the right coach

1. You have a large sum of money to invest and you already know you want to put it into real estate, but you want it to be efficient with the best outcome according to your goals (see item 1. above)

2. You’ve got some experience but you know that you “don’t know what you don’t know”

3. You have an interest in Creative Financing, Subject To, Wraps, Seller Financing, Lease Options – things that a lot of people talk about, some attempt them and you believe that’s where the future is in this high interest rate environment. Definitely requires “one on one” coaching to avoid the pitfalls. Don’t rely on a “community”, after having reviewed the material and “solutions” being offered, the community is about 80% correct, it's the 20% that gets you sued.. That is like going to a Dentist that is 80% trained. Can you imagine the pain that would be?

4. You’re having trouble finding leads and closing deals

5. You are unplanned, do not have Systems & Procedures in place, do not understand Deeds, Escrow, Title, legal, tax, asset protection, generational Wealth

6. You want to start the new year off right with a solid plan