REI Coach – Post 100

Coach Mitch’s REFLECTIONS

 

One of the services I offer is to teach my methods to special students. When I take on a student, I get a significant fee. Still, a very high percentage of those who I speak with take on this service, and for good reason.

It takes talent

Those who desire to be doing Real Estate Investing (REI) innately understand that REI is not the average vocation. Investing in real estate takes many talents. The better you are at each of the needed talents, the more profitable you will be. When utilizing experts for training, you develop the needed wealth building talents more easily because the mentors have already gone through the bad experiences. You save much time, and much heartache when you get the right mentor/coach.

If learning REI through the “school of hard knocks,” you will invariably have many “expensive seminars.” This phrase is the REI version of saying that you will “pay” in some manner. Either you will “pay” though the purchase of education or you will “pay” through having bad experience(s) because of the lack of education. And although there is a cost to education, the “seminar” method of payment will be very expensive indeed.

Your choice

Many potential students question me closely because they are trying to find a way out of the situation that they are in. REI wan-na-be’s believe that “if only they could find the right ‘system’ then they will make money.” However, we do not realize that “the problem” is ourselves. We are our own worst enemies.

In America, the urban myth is that we should all be self-made millionaires by the age of three. After all, in reality, in America, nothing substantial is stopping US from becoming wealthy – except ourselves.

Why aren’t we all successful?

One major part of the answer is clear. For the most part, we do not have good role models. I’m sure you’ve heard the phrase, “You are what you eat.” It’s true, isn’t it? In the same vein, “We become who we know.”(c)

When a deal comes along, who do we ask for advice? We ask our loved ones for advice. Our loved ones don’t say, “I don’t have any experience in the area and can’t give a valid opinion.” Rather, almost without exception, they pour water on our dreams, “for our own good.” By doing this, they are really expressing their own fears but the causality is that they are not letting you grow. Even if you asked an attorney for REI advice, you asked the wrong person because lawyers are professional deal killers. Lawyers are trying to protect you by looking at all the things that can go wrong in the transaction, instead of advising how things can go right.

It takes planning

Many folks will buy lottery tickets. That is their retirement plan. Sad. Most will retire with not nearly enough monies to live on.

People don’t have any clear idea of what to be wary of just like they don’t know what to do in order to become wealthy. So they buy lottery tickets.

Coach Mitch’s “famous $1 Option.”

If you want to “invest”$1, then instead of buying a lottery ticket, Option a property. I have had hundreds of options in place – all at the same time, and I have never paid more than $1 for any of them.

At least with an option to purchase a property you have the real potential that you will hit the jackpot and make $5000 or more.

$1,600,000.

That is the record. For only $1, one of my students optioned a property at $1.3MM which was worth $1.6MM. And this was his very first deal! This is the power of having a Coach. Do you think that this student thinks he made a good decision hiring me to be his Coach? Of course he does.

The second best thing that you can do for yourself is to hire the right mentor who can guide you to a better future. The very best thing that you can do for yourself is – do what your mentor outlines, and do it with gusto.

See Coach Mitch’s “Ridiculously Simple System…” for details.
It’s your choice, choose well,