Real estate mentors are freaking expensive. I mean, it is amazing what
people charge out there for getting your hands on one. Because the reality is if
you can catch a tiger by the tail and do some deals, you might make a lot of money.
You could certainly lose money. At the end of the day though, you don't want to
go into the forest without having a guide. And with real estate, it's so
important to have one. Question is what's the most intelligent way to get a mentor?
Do you have to pay tens of thousands of dollars or is there a better way?
I was seriously so nervous to do my very first real estate deal.
I knew that real estate was going to be my means for how is gonna create wealth. But
I was terrified. I remember I was driving home from work and I'd followed the
advice of one of my mentors. I essentially had barely 2 years of work
history at my job. I was still in college at the time and I barely saved up like
$5,000 in my bank account. Still have credit card debt. $5,000 in the bank. I
worked my butt off to like save that up. I felt like it was time now for me to
get my first deal. And it was kind of weird because before my mentor stepped
in it was a weird blustery snowy day in Utah where in the May it's not usually
supposed to be snowing. And it was weird. I also had the strange feeling just to
drive home a different way. And I'm a super focused human being is something I
would have never done. But I just I was going with my intuition. So, I started
taking some backroads home. And then all the sudden, the snow started coming out
of the sky except there was no clouds and it was blue sky. I'm like, "This is so
freaking confusing." I wasn't even used to Utah weather yet. I was just there for
college. Sure enough right when the snow hit, I noticed out of the corner of my
eye house I'd never driven by before a "For sale by owner" sign. And immediately, I
could just feel it in my heart it's like, "This is it." So, I checked. I knew I was
safe. I did a u-turn. I pulled in front of the property. On the side and they put
the price it was $110,000. I had no idea whether
that was a good price or not. I just thought, "Well, I'm going to try to get a
better price." So, I remember being super nervous because I was going to go knock on
this door. I pulled up my hatchback and I pulled out my notepad. And I was trying
to find a way to look as official as possible. Because I probably look 12
years old. So, super nervous. I'm shaking in my boots. Even though I didn't have
boots. I knocked on the door and this old grumpy woman answers the door. She says,
"What do you want?" And I said, "Well, I'm here to look at the house for sale." And
then I said the dumbest thing. I said, "Would you take $100,000 for it?" Like I
dropped the price 10... I knew nothing about the house, bedrooms,
bathrooms. Hadn't even seen it. Like, I was... I just didn't know what to do. I just
freaking felt scared. And her response was. "No!" "Okay. Well can I see the
house?" And she let me in and I walked around. When it was done, I
collected the information. Bedrooms, bathroom, square feet. Just some basic
stuff. Something inside said I should be really
excited about this house. So, I got in my car and I drove to my mentors house. And
I said, "John. I found this house..." And by the way, John had made millions of
dollars in real estate. And so, I said, "John, I found this house. Is it a good
deal?" He showed me how to validate the value of the house. He showed me that it
was worth probably around 150,000. She was going to sell for 110. It
was a great deal. So I said, "Well, what do I do next?" He says, "Well, you got to get it
on a contract." So, I found a realtor and I wrote up the contract. And it was
presented to this woman basically I got the house under contract and I had to
close in like 30 or 40 days. I'll tell you what happened next. I was so grateful
that John was there. I was nervous. I've never done this before. So, glad that I
had John in my back pocket says, "Now, you gotta get the financing." So, I went to the
first bank I was qualified with and it turns out they were not going to qualify me.
So, then I was like panicked. "What do I do, Johnny?" He said, "Kris. Get another bank. Just...
It's a numbers game." Second one also fell through. I only have like 10 days left
to like deliver on this loan. I remember John just said, "Keep going." I found a
third bank and by the skin of my teeth, I qualified to buy this house. This was the
beginning of hundreds and then thousands of homes. I didn't know much. It would
have never happened if I didn't have my mentor in my back pocket. Every single
one of us needs a mentor. In fact, if you don't have a mentor in your life that
can help walk you through your first deals, you should be scared because what
you don't know is dangerous. What you don't know can actually hurt you. And so
what I want to do in this short video is I want to share with you how you can get
the cheapest most amazing mentor you possibly can. Because bottom line is
mentors charge a lot of money. I've paid over 2 million dollars for mentorship
in finance and wealth and real estate in other areas of my life. The reality is
you get what you pay for in so many of circumstances. Today, I want to share with
you a hack on how you can get in the game of real estate when you know next
to nothing and have people that you can contact that can show up and actually
walk you through the ropes and help you figure out how to really crush it in
real estate. I think there's 4 things that are most important
when finding a mentor. The first thing that is going to be really critical is
you have to find a mentor that has the appropriate level of experience. And how
much experience should you actually be looking for? Dude, my rule of thumb has
always been a team or a person that has 10 times the results that you want to
produce. And so, if you find someone with that level of experience, their
experience is what's going to save you. They may not be the the most eloquent teacher
or the best teacher but the bottom line is if they have been where you're trying
to get to. They should be able to articulate what that looks like. Not just
experience. You actually need to find a mentor who is available. Because there's
a lot of them the reality is some of the most capable successful people on the
planet, they don't want to be a mentor. Like that's not their life calling.
They're not here to teach you and hold your hand and show you how it's done.
There are some people that feel called to that. But a lot of people at the end
of the day, they just want to make more money. They want to be more successful.
And frankly, they don't want to share their secrets with you. Because then you
become competition to them. Teaching is just... It's nowhere in their mind. Number
3, they have to have that 10x level of results that you're looking for. By
the way, a good mentor... If you're like, "I want 25 homes." Then go find a
mentor that's done 250 homes. If they haven't done that, they're probably not
going to measure up. Something happens when you do something over and over and
over again and you've hacked the formula for success. This they have to have the
experience but they have to have the results. They have to be available. Most
importantly then, the last thing is they have to be able to point you in the
right direction. Because there's a direction for you to go and most people
will waste their time doing the things that actually don't work or don't matter.
Someone that can point you in the right direction, has the results is available
in experience. It's not always the easiest person to find. And many of these
mentors... You know if they really want? It's amazing. These gurus out there, they
want to charge 5,10, 15, 20 thousand, 60 thousand. Some of them are
are 800 hundred thousand dollars just to be your teacher. And they're justifying
that if you do a deal and you make 50 grand and do a couple of those then it
paid for itself. I've never felt that financial education should be that
expensive. It should be the opposite. It should be as available to as many people
as it possibly can be. Which is why I'm doing something that most of my peers
think is kind of nuts. If you actually ever like click the links below or talk
to a member of company, we actually charge little money
for knowledge and information. We're more interested in actually transacting and
doing real estate and making the deals happen. Recently, I decided to do
something brand new that I have never done before my company. I don't know what
it is but I'm always fighting for the underdog. No one was in my quarter. No one
had my back except for my wife. And she was freaking scared, she was nervous. My
mentors... I had to pay for my mentors. The reality is my family, my brothers and
sisters and friends... Most of them thought I was cuckoo for doing what I was doing
when I was in college. And even though in hindsight I'm so glad I did what I did, I
felt really alone. You should never lone wolf real estate.
You should never say "It's a solo journey. I'm going to do it all by myself." The
reality is you need someone that's in your corner. So, I decided to create
something where someone could basically access my team. So, I have a team just so...
You know, some of you do those because they're my real estate everyday. I'm not
an educator of real estate. I'm showing you guys how I am succeeding do what I'm
doing. And I buy houses every single day. And the reality is I don't do it on my
own. I don't do anything almost in real
estate. What I have is I built my team of 200 experts. And these experts, they are
the ones who are buying me the best deals in America every single day. These
are the real wizards. These people are freaking rock stars in the world. If
you've been to any of my events you've met them, they're incredible. And so the
experts that run this. I basically decided to create something for the
community. What it is is this basically, it's a mentor hotline. It's less than
$100 a month. And it basically says... If you're watching my videos and
then you're going out then you're like, "Hey, now I want to do real estate. I watch
this video but now I'm missing some information. Like how does that think
Kris taught in the video apply to my back yard or this area. Or I got a
question." You're going to have not just 10 questions. You're going to have hundreds of
questions. And every answer in the beginning is will lead to more questions.
What happens is this mentor hotline is my team that are currently transacting
all of my real estate. For me, for all of my partners. Everything that I'm doing.
They're the ones that are picking up the phone and coaching and walking you
through whatever questions that you have. I personally think that it is pretty
cool. It's not for everybody. There is a small expense. And frankly this is not a
moneymaker for me. This is something that I do because there's too many of you out
there that are saying, "Kris, I don't have 10 grand 20 grand for a program. I don't
have 5 grand for a program." Dude, I'm like
you. I've got almost nothing. Like how do I get my start when I'm there?" The
reality is you need people that you can talk to they can guide you get you in
the right direction and get you learning the things that you don't yet currently
understand. That's now available to you. If you actually click on the link below,
you actually have a chance to reach out to member my team jam with them. And
actually become one of my Protege students working with my team to learn
how to do real estate for yourself in the backyard. Listen, if that's useful for
you, take advantage of it. It's there for you.
If it's not useful for you, no worries. I just wanted you to be aware of how you
could access a mentorship for the smallest price I've ever seen before. For
the rest of you, listen. Make sure that you subscribe and you keep watching
these videos because every day what I put out here it's designed to help you
get smarter and wiser and ultimately learn how to take financial control of
your future. Because yet there's one life to live. You're going to want to live as
amazing and limitless as you possibly can.
I hope my channel is doing that for you. So, thank you for subscribing. And if you
could do me a favor, will you smash that like button? Tells YouTube and the
algorithm that they should be sharing this with more people. That's meaningful
to me. It's a nice little give back. And other than that, make it a freaking
fantastic day what you need is in the links below or subscribe. Like this and
I'll see on tomorrow's video.