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IDUDU PROPERTIES MENTORING PROGRAM INTRO

Here is what you can expect in this program

Learning Your Market. First, research your local real estate market in which you plan to enter
Understand Your Finance Options
Follow the 70% Rule
Project Budgeting

Network with Potential Buyers

Research Listings and Foreclosures e.g. finding deals

Cold calling potential off market clients

How to create a scope of work for your project
How to pay your contractors w/ out risk

How to find materials for discounted prices

End-to-end project management

Risk Analysis and project completion efficiency

Hands on remodeling and renovation of single-family homes

Become an expert on home financing options

Learning to Negotiate

Learn How Much Average Projects Cost

Building relationships with your Mentor  

Strategies and tactics on how to find good real estate deals

24/7 Real Estate assistance

Leveraging contractor relationships

Leveraging hard money lender relationships

How to negotiate home purchase contracts

How to Wholesale homes to make extra cash

Networking with other investors

Real Estate Myths

Mentees do not need mentors.

Mentoring is all about the making money.

The mentor relationship is a one-way association.

The mentee needs to go right out and do things on their own after they find a mentee.

The mentor will teach the mentees everything they need to know directly.

Real Estate Good to know

A real estate mentor is an adviser. He or she offers advice and feedback when it is needed. This is not an apprenticeship wherein you will learn a trade. Don’t look for a mentor hoping they will teach you everything you need to know to be successful. Instead, it is important to look for someone with whom to create a long-term relationship. You can’t be mentored in a few weeks or months; it is a process—not an internship. And it must develop naturally. This program shows and illustrates just how this can and should be done.

Let the relationship evolve naturally

Don’t force the mentoring relationship, but let it evolve. Keep your expectations in check. Like other relationships, it must grow over time, based on mutual trust and respect. Forcing it risks ruining a potential mentoring relationship before it can become established. Take the time to nurture it.

Don’t go when the going gets tough

At some point, you are going to get some critical feedback from your real estate mentor. This is a good thing, because it means the relationship has become comfortable enough for him or her to call you out on something. Remember: Your reaction when that happens is crucial to your growth. Do your best to accept the criticism gracefully and heed your mentor’s advice. After all, getting better at being a real estate agent is your goal—and nobody ever said it would be easy. This is what will ultimately make you grow as a real estate professional.

Commit to the mentor relationship

Mentoring takes real time and real work, so once you make the commitment, stick with it. You and your mentor should both be in it for the long haul. Finding a real estate mentor, cultivating a strong mentor relationship, and adding it to your career strategy will help ensure that your real estate career is a success.

How to get started

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