Ever wonder how to find your personal Yoda, that mentor who will put you on the right track to success?
We’ve all heard that it’s not what you know, but who you know that will make you successful. And mentors are part of that group of people who will help you and your business succeed.
Hey Moguls, Cody Sperber here, but I’ve got to tell you that not all mentors are equal, so while you search for a mentor you need to look for someone with specific qualities. And you also need to consider what you bring to the table in a mentor-mentee relationship.
Look for Someone with Experience
When you start looking for a good mentor, be sure that person has had considerable experience in real estate investing. (This should be easily verifiable.)
You want someone who invests in real estate currently—not just years ago.
Why is this important?
Because you need someone who deals in and is knowledgeable about, today’s market. They also need to be successful in their endeavors.
A Dedicated Educator
Also keep in mind that not everyone is a good teacher/instructor. Not every successful investor even enjoys teaching. (Being a good educator is a lot of hard work.)
Think back to the teachers you’ve had in the past; I bet you can remember the names of only a few. You probably remember them because they were either very good or very bad. Which is to say, again, not everyone can teach.
So make doubly sure that the person you select is both—a successful investor and a dedicated educator.
And – this is BIG – your mentor should have proven systems and a staff to help you along with your journey and provide the support that you need.
You’ll want someone who can offer references. Find out who else has benefited from the knowledge and expertise of this mentor. What do they have to say about their experience being mentored?
Keep your eyes and ears open at all times as you are on the lookout for your mentor. Spend the time it takes to see who’s going to be a good fit for you and your business. And don’t settle for second best.
Open Heart; Open Mind
Nobody, and I mean nobody, can force you to be something that you’re not willing to become. In other words, you must be ready to learn from other professionals who have blazed the path ahead of you. You choose to hook up with a mentor because that person has more experience than you do, and that alone is going to help fast track you to success.
But remember that mentors make the most impact when you have an open heart and an open mind to hear what they have to say.
A mentor can only take you so far. If you’re not willing to listen and learn, and then apply action to what you’ve learned, it will be an exercise in futility.
Many beginner investors have the right idea when they opt to pay for mentoring or training courses. They are eager to pick an experienced investor’s brain and see if that investor’s systems can help them achieve their goals faster than winging it on their own…
But you have to take action on what you’re learning. Pull that investing trigger.
Show Some Appreciation
Once you find a mentor, don’t forget that every relationship is a 2-way street. Treat your mentor like gold. Add as much value to them as you possibly can.
Remember to never settle for anything less than the exceptional—from your mentor and from yourself. Years down the road, you’ll be so glad you did!
I’m Listening…
What qualities do you most value in a mentor? Let me know your thoughts below!
1. Ask around to see if other investors you know can recommend any mentors.
2. Do your homework to verify that a potential mentor is experienced and can offer solid support with solid systems on place.
3. Keep an open mind to glean as much from your mentor as possible.
Cody Sperber
is founder and CEO of www.CleverInvestor.com. He's successfully closed many different types of real estate transactions including wholesale deals, short sales, multi-unit, subject to, lease options and my own proprietary investing strategy, the Reverse Short Sale. As a new investor he quickly gained a huge competitive advantage by mastering online lead generation, building one of the most successful real estate investing firms in the Arizona market. His companies have bought and sold hundreds of millions in properties and closed hundreds of real estate transactions. Before real estate, Cody served in the Navy and attended Arizona State, and he is now married to his best friend and has two beautiful children (Hudson and Brynlee).