During a conversation I had with Jay St. Hilaire, I learned how he was able to close over 140 deals since he began investing in 2009, while continuing to work a full-time job! How did he do it? By finding an experience, successful mentor.
Jay’s best advice that he would give to ANY investor, whether they are just starting out or have been in the real estate game for a while, would be to find a mentor. Here are some of the main benefits Jay has personally gotten from finding a mentor.
- A mentor can show you the tried and true methods that work
- A mentor will provide you with the fastest path to success
- When you have a mentor, you can learn from their mistakes
- When you have a mentor, “you pay for speed”
Maybe you are telling yourself “this all sounds great, but I still have my reservations! Aren’t mentors expensive?”
Well, you are not alone. When Jay first began thinking about hiring a mentor, he had his reservations as well. He didn’t have much money at the time, so it was a huge risk. However, what pushed him over the edge was an offer that the mentor he found was offering. The mentor would provide Jay with a full refund if he were able to close on 5 deals and make a certain amount of money in one year.
As a result, he put the full amount on his credit card and took a chance. One year later, Jay had completed 13 deals instead of the 5 he needed in order to get a refund! Jay still has a mentor, and to this day, he also has the refund check pinned up to his wall as a reminder.
The real risk isn’t taking a chance and spending money on a mentor when you don’t have it, but rather, not finding a mentor at all.
Whether it is a mentor for real estate investing, time or outcome management, personal development, or all three, I believe (as well as Jay and many other successful individuals) that hiring a mentor is a must if you want to take your business to the highest level possible!
Who else out there can attribute their business’s success to having a mentor?Disclaimer: The views and opinions expressed in this blog post are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action.