How Do I approach someone about Mentorship

[Eden Lutchmedial]

I would like to approach someone I’ve been looking up to on Instagram for some time now about mentorship. I noticed on his profile he has clients and they do well, however, I don’t see where I can become a client of his. I am a college undergrad student looking to start my own real estate empire and was wondering if it would be weird to email him about mentorship.

[Matt MacDonald]

Eden, most of the time people are open to sharing what they’ve learned. Kind of funny some of the best people I’ve learned from taught me about real estate without making it obvious. I remember when I first got my license, I met an investor that had been an investor for over 40 years & I was trying to figure out some numbers for him & he said what’s the price per square foot? He said that’s a good way to do this & we did it like that in 60’s, 70’s & 80’s. Then I was selling one of his duplexes & we had an offer & he said counter back with them paying all my closing costs & I said they will not do that & he said give it a try. I did & they accepted it & he said see just about everything is negotiable in real estate. The past 6 years I was a Senior level manager & I liked teaching employees. It’s rewarding to the mentor when people appreciate the mentoring & when they smile & say thank you. I opened my own real estate company & here’s some advice. Have cash & lines of credit available before you open. Make sure you have all your licensing & corp set up properly. Look into prepaid legal in case something happens. Have insurance to include errors & omissions. We live in a litigious society, so you need to protect yourself. Network & have connections before you open the company. Marketing, marketing, marketing, you have to constantly focus on growing your business. Get a little office. Work hard & treat people fairly. I’m sharing this with you, because when I was trying to open my company I had a hard time getting this kind of advice & it looks like you are interested in opening your own company some day.