How to Find a Real Estate Investing Mentor

Entering the world of real estate investing can be both exciting and overwhelming. Given the vast possibilities and inherent complexity, the support of an experienced mentor can be invaluable. A mentor can help you overcome challenges, avoid common pitfalls, and accelerate your growth by sharing their experiences and insights. When I started my career, I was fortunate to have two incredible mentors: Bob Knakal and Paul Massey. By listening to them, I learned strategies that I still implement today.

Follow these guidelines to find a real estate investing mentor.

The value of a mentor

Real estate is a relationship-driven business. Having a strong network allows you to understand market trends and leverage strategic insights. A mentor could advise you on options and decision-making. They could also offer advice in difficult times. Beyond education, a mentor can connect you with their network of investors, brokers and lenders and open doors to leads you might not find on your own.

Define your goals and needs

Are you interested in a specific asset class or market? Do you want to understand financing, property management or business analysis? If you know what you want to achieve, you can find mentors who have the expertise to match your goals. When I interviewed Craig Robinson on my podcast, The Insider’s Edge to Real Estate Investing, he talked about the benefits of reaching out to others early in his career as it helped him gain skills and strategies, which he was able to apply over time in the long term.

Use your existing network

You may have family, friends or colleagues who work in real estate. You might also attend meetings or events where you might meet investors, brokers or property managers. Let people know that you are looking for advice and are open to new things. For example, if someone in your network has recently invested in real estate, ask them about their experience and whether they can introduce you to a mentor. Often an introduction is the best way to get in touch with someone who can advise you.

There are many great organizations that can help you find a mentor. You can start with your school’s alumni network. You may also find commercial real estate clubs to join. Other organizations such as the Urban Land Institute also offer similar programs.

Show your value

Mentoring is a two-way street. While you’re seeking advice, you should also consider what you can offer. Maybe you have skills in social media marketing, data analysis, or event coordination that could benefit your mentor. Offering your time to help with tasks or projects can show that you’re willing to contribute. In my book “The Insider’s Edge to Real Estate Investing,” I discuss ways to further increase value.

For example, if you meet an investor who manages multiple properties, you might suggest that they help with market research or tenant communications. By providing value, you build a mutual relationship that is more likely to grow over time.

Be respectful of their time

Experienced real estate professionals are often busy. Be concise and specific when contacting us. Instead of asking for comprehensive support, start with specific questions or requests. For example, ask if they would be willing to have a 15-minute phone call or a coffee meeting to discuss a specific topic.

Be sure to thank them for their time and advice. A simple thank you email after your meeting can leave a positive impression and lay the foundation for future interactions.

Show commitment and stick with it

Mentors are more likely to invest in someone who shows commitment. If they give you advice, you might decide to act on it and share the results. For example, if a mentor suggests analyzing three potential investment properties, complete the task and share your results. When you show that you value their input and are willing to put in the work, you build trust and encourage them to continue investing in your growth.

Finding a real estate investing mentor can help you develop a mutually beneficial relationship with someone who can guide, challenge, and inspire you to achieve your goals. By clarifying your goals, leveraging your network, and demonstrating value, you can attract the right mentor. You can draw on their insights and learn from them to increase your chances of success in the market.