How do you find a mentor when you want to invest in real estate? It's a really good
question because reality is there's a lot of people out there you don't want
to learn from. There's a lot of people that are unqualified. And then there are
some people that would be the perfect mentors but maybe they don't know how to
train or teach. My name is Kris Krohn. I bought 4,000 homes and I've been able to
make myself a lot of money and certainly my clients a lot of money. And a lot of
you, YouTubers, a lot of money as well. Today, I want to share with you the most
important decision that you're ever going to make in real estate. How to find
the right mentor.
Why are we even making a video on this in the first place? Well, the reality is
there's a lot of garbage out there. You see there's a difference between those
who practice real estate and those who are infopreneur. Do you know what the
difference is between those 2? Those that have results are people are
actually doing real estate and they make money. You know, guys like me that are
buying homes literally every single day. But then you also have the other people
that maybe they bought 5 homes at a time or they bought 15 homes. But they're
a brilliant marketer. And so they've written a book and now what they do is
they get paid to teach. Now, there's nothing wrong with that except for when
we have a lot of hypocrisy. And that's the problem the industry is laden with
tons of hypocrisy. So today, what I want to do is I want to give you the 3
things that I think are most important for you to look at to know whether you
really condemn someone a mentor. First of all, a parent who has bought a home and
maybe has one or two investment properties is not a mentor. Your buddy
that has bought a handful of homes is also not a good mentor,Bbecause what
you're doing is you're tapping into their reservoir of knowledge and mindset.
So, here's what I look for. Number 1, a good mentor is someone that has results.
Now, how many results? Well I generally like to find a mentor
that has 10 times of what I want like. For example, let's say you want to make
$10,000 a month of residual income through real estate, then I recommend
finding a mentor that's making $100,000 a month residual II through real estate.
So, a mentor someone that has many times more the results. Not the equal or not
the same. That's why when I say if a buddies bought 5 homes, then all they can
really mentor you on is how they bought 5 homes. But think of what they're going to
learn when they bought the 5th hundredth home, think of what they're gonna learn
when they bought 2000 homes. And so a good mentor someone that has enough
results repeated over and over again. That they've been through enough
scenarios that when something wacko and weird happens, they probably have a well
of wisdom that they can tap into to help you know how to overcome it. The second
thing that I look for is a track record. Now, a result might mean yes I've made 10
million or a hundred million dollars in real estate. A track record says I
actually have a system. And so I'm going to give you what I call specialized
knowledge. When they specialize in something. Just
a doctor, like would you really want to get brain surgery from a heart surgeon?
You probably wouldn't. In the game of real estate there are so many games to
play. You could play the game of liens and deeds and foreclosures and tax liens
and multifamily properties and apartments. There's so many things that
you could do out there but you want to work with someone where you can
specialize and do exactly what your mentor has done. Like for example if you
say, "Hey Kris, I really want to ace the game of multifamily." You would not want
to mentor with me. That's not my space. Because number one my space is in single
family, it's doing lease options and it's doing high ROI rentals passively turnkey
lease time least effort least risk. I can give you some level advice about
multifamily but you're not going to want me as your mentor because I don't have
thousands of projects that have completed their multifamily. I've done
thousands of single-family homes. Part of the having a system and specializing
means that your mentor should know why they're doing what they're doing.
I do single-family homes because number 1, I believe it's the easiest way to
help a beginner get started. Because you can try to take down a 10 million
dollar complex or 100,000-dollar home. One of those is going to be
a lot more believable for the beginner's mind. I also believe that the right
strategy should have the least time, the least effort the least risk and make the
most money. It should work in up and down markets. I can already clearly articulate
why I love my system and why I do it even today. And why I haven't graduated
beyond it to doing all these other strategies. Because this is my specialty.
So, you should find the mentor that has the results and that also is specialized
in in the track that you yourself want to be in. The third thing that you really
want to look for is a mentor that is both a teacher and has availability. I've
tried to get myself my hands on some good mentors over the years. I've been
able to fortunately mentor with dozens of incredible people and I've paid about
2 million dollars from education. Never feel bad about investing in yourself. In
fact, you want to look for how you invest in yourself just like you would in
college or just like when you buy a book. You're spending money for something to
give you knowledge. You want to find a mentor that you can create an exchange
with. But some of them might have results but they don't know how to teach. And
that's a problem because they can throw knowledge at you but that may not
actually help you say hey step 1, 2 and 3, this is how you should
do it in your situation. Also if they don't have the availability, that's a big
problem. So, if they can't be there when you need them to be there, then you also
don't have a good mentor. So you wrap this up, a good mentor has the results
specialized with the track record and the thing that you want to learn and
they're a natural teacher. They can articulate what they're doing why it is
and how it works. And they've got the availability to make time for you. Listen,
I hope this video has been really helpful for you and knowing how to find
a mentor. I do mentor with people. I'm not the perfect mentor for everybody because
as you can see I do have a massive track record but in a very specific track. If
you want to learn as a beginner how to make millions of dollars in real estate,
I might be the perfect mentor for you. I have not only availability and I know
how to teach this stuff but I have a proven track record over the last decade
of helping individuals have helped create many millionaires. I've helped a
lot of people succeed and a lot of that self evidence because I bring them on in
my YouTube channel and I have them share their experience of working with me. So,
if you have an inkling that I might be the mentor that you're looking for, then
what I want to invite you to do is click the link in the description below and
have a conversation with my team. My team has been designed to help really vet
people and find out whether we're a good match or not. If we're not, they'll tell
you as much but they'll point you in the direction that you would be best served
in. If it looks like we would be a good match, I work with some of my
students and partner with them and we build portfolios together. Some I'm just
giving light taps and light advice. The most important part is that you're
moving forward, you're trucking forward with the right results. And who knows,
maybe someday you'll get a chance to be the mentor and help those around you. Get
the same level of achievement I feel from helping other people succeed. I'm
out there crushing it in real estate. I'm getting set up to do my next billion
dollars of real estate. But in the meantime, I am picking a couple of
hand-picked individuals through my team that I can take on the journey along
with me. Either way my friends, I hope that helps you figure out how to find
your mentor. Good luck, see you on tomorrow's video.