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I have been a real estate coach and mentor for over a decade and I have hired many coaches and mentors myself, over the years. I have also watched others coach and mentor - in some cases doing that well, while in other cases doing it poorly, or in some cases even doing things unethical, illegal, or simply counter-productive.
Everyone should have a coach, but at the same time it’s critical to NOT WASTE TIME AND MONEY on coaching that is not effective.
These are the Top-7 Criteria For Hiring a Real Estate Coach
I tell everyone, before you get coaching, get training. At Texas REIAs, we have developed the ultimate "Starter Kit" that includes tickets to the Texas Real Esate Investing Workshop - the premier training event in Texas. For a limited time the starter kit is FREE! Come get trained, and if you them feel that you would like additional coaching or support let us know at that time.
Sadly, many people that teach real estate investing, are not actually real estate investors (or at least not any longer), and/or have not had significant success investing in real estate.
If your goal is to be a multi-millionaire, you need to verify that the person teaching you how to do that is a multi-millionaire. If you goal is to make $1,000,000 a year, you need to verify the person teaching you makes $1,000,000 a year (or more). If you goal is the gain a net worth in excess of $10,000,000, you need to verify the person teaching you to do this has a net worth in excess of $10,000,000.
I’m posting proof of our financial credentials, right here, on my website. Attached is a letter from a certified public accounting firm stating our financials. The term “Accredited Investor” is actually a legal term of significants. The SEC (Securities /Exchange Commission) restricts how money can be raised from non-accredited investors. If an investor is not accredited, they have limitations on what they can do. I would suggest, at a minimum, you confirm that your head coach is an accredited investors, and then see how successful they have been.
I don't post this to brag, and in fact it makes me a little queasy to share this, however, I share this as a resource to people that do the due-diligence that I preach.
Real estate is local. Laws are local. Buyers, Sellers, Lenders, Title Companies, Contractors, Contracts, Insurance Brokers, and so on are all local. You need a coach that has local boots on the ground. Extensive knowledge of the laws, contracts, and markets you are investing in. Each state, for example, has unique laws, contracts, and cultures.
At Texas REIAs we have extensive experience in Texas real estate. We have animated heats maps of the appreciation rates in all the major markets including Dallas/Ft.Worth, Houston, Austin, and San Antonio. We have an extensive network of contractors and power team resources in all the major markets.
We know the laws - that are unique to Texas. E know how things work, in Texas. We are Texans teaching Texans how to invest in Texas, using strategies that work here!
I did my first transaction in 2003. That market was fueled by sub-prime lending. In that market, I made a small fortune doing short-sales, as it was easy to find buyers with loans (because anyone could get one) and easy to find sellers in default (because unqualified people were being given loans)
In 2008 the market crashed and sub-prime lending (and just about all lending) came to a halt. Many real estate investors went broke. They were over-leveraged, caught with their pants down (properties they could not sell) and kept trying the same strategies that no longer worked. At that time, I developed the Assignment of Mortgage Payment Systems (AMPS) and made a small fortune re-assigning the mortgages from people that had mortgages and did not want them, to people that wanted mortgage and could not get them.
In 2013 the market changed again, as lending came back and markets started to appreciated. Most invested missed the market. At that time I Made a small fortune doing fix and flips and buy and holds. I also developed a large private money syndication network and began making money in commercial real estate.
In 2020 the market changed again, due to an unforeseen pandemic. Many commercial investor went broke as the economy contracted and renters could not pay rent. My properties were insulated. My residential properties are in high-appreciation locations (that’s what I do and what I teach) in which vacancies rarely if ever go down. Out commercial properties were bought at a discount (unlike how most commercial investors buy, leaving us with the main necessary to survive the cycle.
The point is… the market is always changing and you have to be prepared for each change. You have to position yourself to take advantage of the current market and opportunities while insulating yourself for whatever might come next.
When things change, most people double down - go to what they have been doing, but work harder to make up for the loss. In other words, do even more of the same thing hoping for a different result. They go insane. If you are being coached by someone that has not been coaching and investing over multiple mare cycles, you will not be prepared for inevitable changes that will come. This could be disastrous.
At Texas REIAs we also do market updates - every week - tracking the market with a level af data and analysis not available elsewhere, and we do an even more detailed state of the union market analysis quarterly. Our forecasts have been spot on for years!
See what “REAL PEOPLE” have to say about your coach. Don’t go on the internet (there is lots of fake information, good and bad), but instead get verified information - both quality and quantity.
To help people evaluate the quality of our training, we invite everyone that comes to our events to fill out a feedback form, and then we post 100% of the feedback forms online (provided they give us permission). Whatever they say - good of bad - is captured and posted from a hand written (hard to fake - easy to verify) scanned form. Why wound we do this?? Obviously, we know what the feedback is, even before we get it.
You can see them yourself: RIGHT HERE. (1000 hand-written reviews)
At our training events, we invite multiple past attendees to present their deals (on a live property tour) and take questions directly from the audience. These are LOCAL REAL PEOPLE that live right here in Texas and are easy found online and easily verified as real.
We even invite coaching student to join our private network and meet thousands of other Texas investors that we have coached. Not one or ten or 100… but over 1000!
At the end of the day, you are not just hiring a coach, but you are getting access to their network and resources, which may be just as valuable as the coaching itself.
At the end of the day, there is NO NETWORK that can compare to Texas REIAs and our inner circle
At Texas REIAs we have investors, coaches, and power teams in each of the major Texas markets: Dallas/Ft.Worth, Houston, Austin, and San Antonio, as well as in several other locations in Texas. We have over 1000 accredited and/or sophisticated private money lenders in our network that can fund deals rapidly. WE have thousands of people on our buyer’s lists for wholesaling deals. We have thousands of investors that will partner on deals.
At the end of the day, even if the coach has been successul, the question is, has he or she made other people successful. Has he or she actually made their students into millionaires ???
Again... At Texas REIAs training events, we invite multiple past attendees to present their deals (on a live property tour) and take questions directly from the audience. These are LOCAL REAL PEOPLE that live right here in Texas and are easy found online and easily verified as real. These are all people you can verify have made significant money investing in real estate. Some of them are even millionaires and/or multi-millionaires as a result of our training and coaching.
Because our network is LOCAL, you get to meet us... again and again and again, month after month and year after year. Successful mentors with years of experience and long track records of success being followed by people with years of loyalty - are hard to find, and impossible to compete with.
Once you have checked all the boxes for criteria 1-6, all that is left is what I can the X-Factor. How do you feel about this coach? Notice this is the LAST question to ask, and not the first. Sometimes a coach can feel good, but most never make it through the screening process.
But if you find a coach that checks all the boxes (first) that only question left is do you want that coach to coach you??? If you answer is YES, you then need to convince them, that you will be a good student ;)
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