Does Every Investor Benefit From a Mentor or Coach - Should You Consider a Coach

[Account Closed]

Obviously, the answer is "No", not every investor needs a coach.

Here are a few reasons to avoid a coach/mentor/teacher.

1. They tell you real estate investing is "zero down", "you don't need money", they have "special knowledge" That is smoke and mirrors to get your money. There is nothing new under the sun.

2. They are running a large "community" and you are looking for specific training. That's a bad fit.

3. You love learning more than buying. Bigger Pockets, Youtube and all sorts of venues provide an endless stream of entertaining real estate information. But, that doesn't make you an investor. An Investor, well . . . invests, not just learns.

4. You have no money. Do not go into debt to pay large sums for something that you are just beginning. You may decide you don't even like real estate. If you have to borrow for training, you have no money to invest. Bad combination.

5. You won't put the work in. A coach can't help you if you wont do the work.

Some reasons to have a coach

1. You are new and you want to skip a year or 2 of frustration and mistakes in your investing learning

2. You can afford the personalized training AND still have money to buy a property with

3. You've hit a mental or other "road block" and need help to get to the next level.

4. You want to learn new techniques.

5. You want to meet the coach's contacts to further your investment career. A coach has methods, systems, procedures AND contacts.