How to Find a Real Estate Mentor
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The speaker introduces his mentor, Brian, and explains how he changed his life. Brian grew up on a farm in Iowa and got a degree in aerospace engineering. He then moved to St. Louis to work for McDonnell Douglas, but quickly realized it wasn't for him. Brian transitioned from an aerospace engineer to a real estate appraiser and eventually started his own real estate company with a friend. He now has five high-level real estate investing businesses, including a flipping business, hard money lending business, education business, traditional brokerage, and property management company. Brian emphasizes the importance of rentals as an incredible wealth building tool and credits his success to having mentors and leaning on their experience.
The speaker agrees that mentors are crucial and shares his own experience with mentors. He notes that not all mentors are people you meet regularly, and some may be passively mentoring through podcasts or YouTube. The speaker reflects on his past belief that his joy would come from accumulating rental properties and building a mansion. However, his mentor, Ayanna, helped him realize that true joy comes from living in the moment and enjoying life every day. The speaker emphasizes the importance of having mentors and leaning on their experience. He notes that mentors can show up in unexpected ways and that being open to meeting people and learning from their experiences can lead to finding mentors you didn't know you had.
The speaker and his partner had an original game plan of buying, rehabbing, and reselling houses to save enough money to put 10-20% down on a rental property. However, their mentor, Brian, gave them two sentences that changed their lives. Brian explained that they didn't have to sell their house and put 20% down on a new one; they could refinance it at a bank and keep it. The speaker and his partner have since refinanced their properties 150-200 times to grow their rental portfolio. The speaker emphasizes the importance of having mentors and leaning on their experience. He notes that real estate investing is challenging, especially starting out, but finding mentors and leaning into other people's knowledge can make life easier and more efficient. The speaker found mentors both online and in person, and he emphasizes the importance of having a mindset that is willing to learn from others.
The speaker introduces his mentor, Brian, and explains how he changed his life. Brian grew up on a f