Mentoring/beginner help

[ogonzalez3]

Ive been looking for a mentor/coach and have been in contact with a few people but wanted to get some feedback before I dove in.
I have been getting emails from preston ely's camp but got mixed reviews about his services and was wondering who has dealt with him because I see his name everywhere lol
And also I have been in contact with numerous people from rei web tools, and was wondering if anyone has purchased/or worked with them before and what was your experience? Is it worth the investment? They have been very helpful so far but a sales pitch is a sales pitch at the end of the day.
Any feedback is much appreciated

[the maestro]

Preston's a friend of mine, but also a competitor.  So, I'm going to stay away from that.  Here are a few things to look for when searching for a mentor:

1. Make sure your coach is accountable.  Does he have a strict time frame to respond to your questions, comments and leads?  Years ago, I had a gal come to my program from the Rich Dad coaching program.  She told me her coach would take a week, or longer, to respond to her emails.  And when asked why, he said he was traveling on business and speaking engagements.

2. Make sure your mentor has the ability, and the desire, to actually coach.  Many of the coaching programs out there, especially the really big ones, IMO, are basically money-makers for the owners of the company.  This will likely not be the top wholesaler in your city.  A coach needs to be able to motivate, inspire, teach and grow talent.

3. If it's important to you, make sure the guy you're talking to will be your coach.  Many of the programs out there will sell you into the program, by stage, website or ad, and then pass you off to someone you've never spoken to before. 

Good luck!

[dukefan2014]

3. If it's important to you, make sure the guy you're talking to will be your coach.  Many of the programs out there will sell you into the program, by stage, website or ad, and then pass you off to someone you've never spoken to before. 

Great point Maestro. Nothing beats 1 on 1 coaching! Having that person there at your side to motivate and inspire you is priceless. Make sure the person genuinely wants to help you. You will usually be able to tell by the way they conduct business and how they respond to you.

[ogonzalez3]

Thanks for the responses guys. I guess I am just being overly cautious before committing to either program

[AJ290]

With as much hype and BS as this guy is putting out there, I suspect he isn't doing deals but is instead peddling expensive get-rich-quick schemes. 

[kelle711]

I'm curious... What do you hope this program will do for you?

[Real Estate Seller]

A real mentor is the ones that get you by the hand and lead you step by step. Once a mentor help you please do not short change the hand that feed you. My advise stay away from all the snake oil salesman books.

[POMTE]

A mentor will tell you what you need to hear, NOT what you want to hear. If they are selling you the bright lights and glam by putting a smile on your face with dollar bills, instead of letting you know up front how hard it will be to start out, then watch for the smoke and mirrors.

Good luck, because I'm starting out too!

Cheers!

[Real Estate Seller]

A real mentor that will provide and show you ever detail will charge you around $1500 to $2000 (The fee is upfront) plus a %% of the deals you do. Most investors never get pass first base to hire a mentor because they are told in the snake oil salesman books you can start with no upfront fee, or buy with no money or credit.

[POMTE]

The question to me is how to find a "real" mentor in your area that is physically capable of allowing you to attend deals, meetings, etc?

[Real Estate Seller]

What area are you in?

[POMTE]

I'm in Oklahoma.

[silkyt]

And?  It stopped there.  I was reading about "how to hire a mentor" basically and POMTE said he was from OK. Then no response.  Okay, well, I am from Texas and us mid-westerners would like to know how you find a mentor in our state, preferably in our city.  Is it really true that they want $1500 to $2000 up front, plus a commission?  That's outrageous!  Most newbies, such as me, don't have $1500 to $2000 to throw in the wishing well and hope our prayers will be answered.  If that's the case, then the mentor I am emailing with (I just filled out his form letting him know what I need) is going to charge the same thing.  I was hoping I could just split the commission with him, after all, I'm doing all the work and besides, who in their right mind would pay for services BEFORE they are rendered? Certainly not me.  Just an FYI, I was contacted by Chris Chico, anyone heard of him?

Regards-- and happy hunting!

[Real Estate Seller]

Once you find a real mentor they want the upfront fee so they know you are serious about learning the business. The old saying is it take money to make money. Understand most investors that wanting to start out do not have the funds to pay upfront fees. I tell investors save your money before you look for a mentor and please don't believe in those books that say you can buy real estate with no credit or no money they all are scams. I know some say they can buy with no money or credit but when you ask they can not back it up by showing you the deal.

[AJ290]

And?  It stopped there.  I was reading about "how to hire a mentor" basically and POMTE said he was from OK. Then no response.  Okay, well, I am from Texas and us mid-westerners would like to know how you find a mentor in our state, preferably in our city.  Is it really true that they want $1500 to $2000 up front, plus a commission?  That's outrageous!  Most newbies, such as me, don't have $1500 to $2000 to throw in the wishing well and hope our prayers will be answered.  If that's the case, then the mentor I am emailing with (I just filled out his form letting him know what I need) is going to charge the same thing.  I was hoping I could just split the commission with him, after all, I'm doing all the work and besides, who in their right mind would pay for services BEFORE they are rendered? Certainly not me.  Just an FYI, I was contacted by Chris Chico, anyone heard of him?

Regards-- and happy hunting!

Most want triple what you quoted.  Chico will be no different, I'm sure.  But be realistic.  Why would anyone take the time and make the effort to work with someone without compensation for their expertise and guidance?