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Learning To Invest In Real Estate
With A Real Estate Coach
By Peter Vekselman
The author has permitted the reprinting and redistribution of this
article.
You don’t have to be a massive sports fan to notice the
effect that the best coaching has on teams the best coaches get the
best results possible from their players. This often tends to result in
wins and championship. If a team performs poorly, it will to replace
the coach rather than replace the players. Like anything that has the
potential to be greatly rewarding, real estate investing is risky. You
need to learn the ropes you so can minimize that risk. Real estate
investing is a business where mistakes can be massively expensive. You
can’t afford to make the same mistakes over and over; you
have start out with good strategies, apply them well, and learn from
any mistakes you do make.
Sound, sensible real estate investment practices must become your
habits quickly if you are to succeed at investing in real estate. A
good real estate coach can help with that process. For one thing, the
instant, objective expert feedback you will get from a real estate
coach brings accountability into your process. You will understand the
consequences of your actions, and cannot rationalize away your mistakes
and missteps, pass the buck or pass on the blame. According to Vince
Lombardi, one of the greatest football coaches of all time, winning is
a habit, but so is losing. Which habit would you rather have, winning
or losing That’s not a question you had to think over very
long, is it. A good real estate coach can do what even the best book or
class cannot—help you form winning habits.
A real estate coach can also help you put together a business plan, and
give you specific ideas as to what you need to do in order for your
venture to be a success. Like a sports team, you will only reap the
benefits of a good game plan if you carry out the game plan
successfully. A good coach will keep your nose to the grindstone and
put your feet to the fire. A good real estate coach can keep you moving
forward, and help you through rough times and answer questions. A good
real estate coach can also provide support, motivation, knowledge, and
help you keep your focus.
When you choose your real estate coach, you should choose someone who
is actually active and successful as a real estate investor, and not
someone merely trained in real estate who skipped the whole important
middle step of being successful and went straightaway into training
others. They should have many verifiable properties, and local
properties are always better—local properties are indicative
that the real estate coach works locally, and will be available for
training and answers. If you hire someone as a consultant, they should
genuinely care about your future. Make them demonstrate this. If they
don’t care about you before they take your money, they
won’t suddenly start to care after they take your money.
Peter Vekselman has been successfully investing in real estate since
1996. He has completed over 1000 real estate deals, owned a
construction company, been a private lender, and owned a property
management company. Peter currently works with clients all over the US
httpwww.CoachingByPeter.com .
If
you would like to take advantage of the market and learn how to invest
in real estate and you are local to the Dallas Fort Worth area, I know
a really great teacher and mentor here in Arlington Texas. Please take
a look at his web site: DennisJHenson.com,
Dennis has a great Mentoring and training program, I know because I am
one of his former students. I learned a lot from his one on one
teaching technique. - Michael Harman 817-457-7572
mchfun.business@gmail.com
http://www.biggerpockets.com/articles/
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