What is the most important reason to have a real estate coach?

Why do investors work with real estate developers? Here’s a hint, the answer starts with the letter E. No, it’s not an escrow, but it’s a good guess, it shows you’re in a real estate state of mind!

it is EXPERIENCE.

Having an experienced real estate coach is a real asset to have by your side when you are just starting out. Even if you have a lot of sales under your belt, touching base with a real estate coach will refresh your skills and keep you up to date on the market.

Training should be considered an integral part of your business plan. A real estate coach will help him gain the knowledge he needs to be successful. The knowledge you gain will translate into confidence in your business dealings.

Your time with a coach should be treated the same as when you go to school. You are there to learn. Take note. That’s right, time to go out and buy yourself a new notebook and pens, just like you did on your first day of school. Along with your lesson notes, be sure to write down all of your questions and ideas. Be an active participant in the learning experience you will have with a real estate coach.

Here are just some of the topics you could learn about:

1. The Differences Between HUD Homes and Bank Owned Homes

2. Wholesale

3. Strategic bidding

4. Purchase without writing restrictions

Here are some questions that could be answered:

1. Can offers be made on houses in other states?

2. Does a company have any advantage over an individual in the bidding process?

3. How do you handle counter offers?

4. Offer is accepted, now what?

This is just a small sample of the information that can be taught to you. Other topics could include: making offers on multiple homes at the same time, finding private investors, making offers without proof of funds or an approval letter, establishing a buyers list, and the importance of closing dates.

If you’re wondering where you’ll find the time to take classes, consider the following. Learning to fill out forms correctly sounds simple enough, but even the smallest mistake could result in you losing an accepted offer. Imagine a mistake that could cost you $32,000 in profit. That scenario makes finding the time in your schedule seem so much easier now, doesn’t it?

The real estate coach you choose will bring their system with them. They may have charts, forms, equations, and spreadsheets that they have created to ensure the best buys and the highest profits. Often, they have designed software applications that have simplified the investment process. A good trainer will be someone who teaches because they love to invest and want to give others the opportunities to succeed. They teach, but they also continue betting and always learning.

Check out their web pages, read the testimonials, and if they offer podcasts, download some. Your real estate coach will do more than just show you the way, they will inspire you with every step.