How Coaching can Change the Course of Your Real Estate Business
New real estate investors often jump in full throttle and excitedly pursue every system, guru, tip, trick, strategy and niche that catches their eye; because they are so all over the place, they rarely get to where they are trying to go.
Real estate investing, like any business, should be approached methodically; however with so much information at hand, and so many exciting opportunities to explore, it’s often difficult to stay focused and on the right track- especially for those of us who are entrepreneurs, riddled with what we affectionately refer to as “shiny object syndrome.”
Success depends on strategic focus and a good coach can really help guide a new investor.
I recently got the following email from one of our coaching students and wanted to share it in an effort to demonstrate the value of coaching and mentorship. Very much like myself in the beginning stages of investing, Russ and his partner were a little scattered in their excitement and enthusiasm- so instead of really getting somewhere, they were just spinning their wheels.
The story I am about to tell you is too awesome to be made up. Trust me, I’m not that creative. It’s also one you have probably read 100 times from other people in various forms. I know this because I’ve read the testimonials too, each time wondering if they are real or not. If I read the story I’m about to tell you, I don’t think I would believe it.
My business partner finally decided to sign up for mentoring with Justin Colby. We first spent a few months doing phone calls, in which he immediately helped us focus our efforts. Then he came out to spend a few days with us, and things really started to click. Prior to Justin, we suffered from “bright shiny object syndrome” and were trying to follow and implement whatever program we stumbled across that week. Let’s just say we have spent some money on other educational programs.
Justin came in and got us excited and helped us see that we were on the right track,. He said do more of “a” and less of “b, c, d, e, f…” which made it easier for us to be more productive.
We just did our first wholesale deal and got paid $11,219.
That’s not even the best part.
When the deal closed, I was sitting on the beach at a restaurant in Costa Rica enjoying a local beverage with my beautiful wife and family. That is literally my dream!
I have an awesome coach and a fantastic business partner (who handled the closing) to thank for it.
We have our next deal in escrow and 3 more legitimate candidates, with our phone starting to ring off the hook. Things are really starting to move, just like Justin told us they would. We really jump-started our business by working with Justin; he is a legitimate bad ass. Unless of course you are in the Columbus, Ohio market. In that case, he’s terrible and doesn’t know what he’s talking about…
To living the dream,
Russ in C-bus
It’s always great to hear success stories, but the big takeaway here is the willingness to learn, take direction and be guided by the experience and wisdom of others.
During the last year we have been revamping the Real Estate Worldwide model and adding to our team some of the best real estate investment business minds in the industry. Among them are, Justin Colby and Eddie Rosefield, who now head up our unique, apprentice style, coaching program.
With boots on the ground training, real estate investors like Russ and his partner are getting one on one tailored coaching. We go to them or they come to us, but we spend two full days, hands on, helping them get their unique business off and running or on a whole new professionals only kind of playing field.