OPERATIONS
EDUCATION
5 Educational Tools at Every Investor’s Fingertips
IF YOU’RE DETERMINED TO SUCCEED IN REAL ESTATE, MAKE EDUCATION AN ONGOING PRIORITY.
by Joe Fairless
f long-term success is your goal as a real estate investor,
Find hosts who ask the hard ques- tions, who get to the numbers, and who leave you with actionable advice. Look for shows that have guests with real experiences and mistakes that you can learn from so you don’t have to make those same mistakes yourself. If you don’t know what to listen to first, here are a few titles to get you started: • Financial Freedom with Real Estate Investing with Michael Blank • Target Market Insights with John Casmon • Before the Millions • The BiggerPockets Podcast • The Best Real Estate Investing Advice Ever Show NO. 2 Hire aMentor. Whatever your level of expertise, hiring a mentor is one of the best actions you can take to step up your game. There is always more to learn, and there will always be someone with more experience than you to learn from. Your mentor should be a paid consultant who can provide you with guidance along your investing journey. Although spending money on coach- ing may seem like a risk, neglecting to find a mentor at all is the biggest
risk you can take, regardless of your goals or level of expertise. Before hiring a mentor, define exactly what you want to get out of the relationship. Don’t expect your mentor to be the answer to all your problems or to do the hard work for you. Your chosen mentor should be an expert at doing what you want to do, and they should be able to explain in detail the actions they took that led them to success. A good mentor will also serve as an ally who can impart wisdom that helps you prob- lem-solve. Perhaps most important, a good mentor will have a network of valuable contacts to whom they can connect you. NO. 3 Start a Local Meetup. One of the best ways to stay up to date on all things real estate is to start a local investor meetup in your area. It might sound like a daunt- ing task, but starting a meetup is simpler than you think. The benefits you’ll reap will be well worth the work you’ll initially have to put in. Here is one example of how you might structure your meetup: • A short presentation from a professional or attendee • Time for attendees to share opportunities with the group • Business updates from each attendee
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it’s imperative to maintain your hun- ger for knowledge. One of the big- gest mistakes an investor can make is assuming they’ve learned every- thing they need to know. Complacen- cy will crush you in this industry. The two things you’ll need to get started in real estate are education and experience. Education is the first step, serving as the foundation on which you’ll build your career. At the same time, however, it’s a step that’s never truly completed. Of course, in your quest for knowl- edge, it’s important to be selective with your sources. Make sure you’re getting your information from credi- ble educators who have earned their leadership platform through suc- cessful track records in real estate. Here are five key resources you can tap into right now to keep your mind sharp and your business growing. NO. 1 Listen to Real Estate Podcasts. The most successful real estate investors tend to listen to multiple podcasts to stay up to speed and competitive in the ever-changing landscape. However, it’s important to listen to real estate podcasts hosted by reputable leaders in the industry. How do you know whether a pod- cast is reputable?
70 | think realty magazine :: march – april 2022
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