Qualities of a Real Estate Mentor

[Dennis Johnson]

With a lot of people being experts and gurus in the commercial real estate industry what are some qualities to look for when searching out a mentor. I understand that some education you have to pay for but with all the free info out there now what is a benefit of paying a person to teach you.                                                                                                        

[Chris Tracy]

@Dennis Johnson- I've paid for various guru courses and coaching programs and here's the benefits that I've experienced:

• Specialized knowledge from people that have achieved a status that I aspire to be at (as opposed to taking all types of info from random people on the internet).  When you're talking to your coach on a regular basis, you can drill down and get real specific for example on a deal that you're working on, etc.  When I am in the process of buying a multimillion dollar deal, I would rather not leave that up to chance that someone in a forum, on YouTube, or on a podcast is going to thoroughly answer my questions and help me solve my problems (no offense BP... lol).  That said...

• You get hand-holding and piece of mind.

• Some gurus will sponsor a deal for you (if it makes sense for them) and more than likely, offer to buy your deal from you.  No more worrying about what to do with a deal if you find one.  I believe that is why many people become "gurus" in the first place- so they can do more deals and have a second business model all along the way.

•  Accountability partner- sometimes you need someone to light a fire under your butt to take action, so you do what you need to do.

I'm probably forgetting some things and not doing the gurus justice... lol... but I would say the personalized support and the hand-holding are the biggest benefits.