I’ve bought lots of real estate courses in my time some good, some not so good but I always learned a little something from each one. The thing that I notice when talking too many of my students for the first time is that they all say the same thing to me. It goes a little something like this, ” I’ve got a boat load of real estate courses on my shelf that cost me a kazillion dollars and I still haven’t closed a deal” or ” They said that they would help me after I bought the course but the person I talked to at the company seems to know less than I do about lease options”
Here’s the main problem with the real estate course buying student as I see it and it ain’t pretty. It’s called the magic bullet addiction. This lease purchase course will make you rich in 8 hours and the next one will do it 4 hours but wait, this one will do it in 2 hours. It’s an addiction and like all addictions it usually ends in disaster. Now don’t get me wrong I’ve learned a lot from real estate courses I’ve bought over the years but the difference between people like me and those with the addiction is that we’re looking for a little something that might help not the magic bullet to take us to the promise land. News flash, there ain’t no such thing as a magic bullet!
Having said all of the above I’m going to contradict myself and tell you that there is something very close to a magic bullet. It’s called a mentor or if you prefer a coach. Do you know of any big time athlete who doesn’t have a coach? How about great chess players, I bet they have a coach. What about people that join weight loss programs and succeed I’ll bet they had a coach. The thing of it is if you have someone coaching you that know what they are doing you’ll cut your learning curve down drastically and if you listen and learn you’ll succeed.
Now here’s the next problem we have to deal with and this ain’t pretty either. I have no problem with mentors that charge enough to buy a car and some of them are probably worth it. However, I see it another way.
Imagine if you will a mentor that had a financial interest in seeing his student succeed. What if a mentor didn’t get paid until his charge actually completed a rent to own deal and made money. In my world it’s called Earn While You Learn Mentoring and it takes the sticker shock out of mentoring and levels the playing field for students that don’t have enough money to finance a Guru’s next vacation.