Investing in real estate full time means you’re self-employed. You’re the boss of you and no one else. Being the owner of your own business has its perks as well as its low points.Investing 101 - real estate mentor When you work in a big office somewhere with lots of employees and you have a question or problem, you can talk to your boss or your coworkers for suggestions.

There’s always someone you can talk to and tap into their brain that can get your project moving again or at least hear from someone telling you that what you’re doing is the right thing. But someone flying solo doesn’t have that luxury. Is that you? Do you need a mentor?

A mentor is someone that will guide you and your business, warn you about potential trouble up ahead and give you real estate advice learned from first-hand experience; not from books. A mentor has “been there and done that” and is an invaluable resource. You can get advice from almost anyone, but getting advice from someone that you trust implicitly is something else entirely.

Where do you find a mentor? The most effective method is to join, attend and be active in local real estate investment clubs. These organizations are designed as referral clubs and attended by more than real estate investors but real estate agents, insurance agents, banks, private lenders…anyone involved in the real estate investment process can attend.

Introduce yourself and let everyone know who you are, what you do. By simply asking around and getting to know the members, the seasoned, experienced investors will soon be known to you. This is the “where” part, what’s the “how?”

A mentor provides advice and guidance for those seeking it. A mentor typically doesn’t get paid so why would they put effort in any of your projects? Some are simply kind-hearted and always willing to help anyone who asks yet others see a “newbie” in the business as a time-wasting distraction. Either way, in order to get, you have to first give.

You can do this by inviting the potential mentor to partner on a deal you’re considering. Let the person know you’ve got a prospect but you’d love the guidance offered and in exchange you cut the mentor in on part of the profits. In exchange for the mentor’s pearls of wisdom, you offer something of value in exchange. There’s no reason to go it alone. There are always those who are willing to help; you just have to go find them.