Thursday, October 14, 2010

Why You Need a Mentor To Succeed In House Flipping

"Plans fail for lack of counsel, but with many advisers they succeed."
Proverbs 15:22

This proverb is so true when it comes to making decisions for your business. In any worthwhile business endeavor, it's impossible to be successful without seeking counsel and effective mentor ship. Most of us are knowledgeable in a few things, and we're totally ignorant and incapable in millions of other things. The only way to ensure success in the areas in which we lack knowledge and experience it to seek out counsel or mentor ship.

Be very strategic when seeking counsel or mentor ship from someone. Some investors go to family members for counsel on certain investment deals. This is never a good idea. You should never seek advice from someone who is not knowledgeable in your field of business. I would not ask my mother if she thought I should invest in the stock market because she knows nothing of it and most definitely say "no." Yet there are tons of people who have become millionaires by investing in the stock market. You must qualify who you seek counsel from. Never seek advice from a novice investor when dealing with real estate investing. Always seek advice from a qualified mentor or coach.  They can teach you the systems for house flipping.

History shows us, that no one has ever achieved any significant project, worthwhile goal, or impossible dream without seeking outside counsel. If the most successful people in history have needed the help from mentors and partners, why should you think that you can accomplish anything worthwhile without help. Fact is, none of us can. Successful entrepreneurs do not seek counsel simply when their business is in trouble; rather, they seek mentor ship from the very beginning, before they begin any effort. Seeking counsel and mentor ship from the very beginning greatly reduces risk of failure. It also significantly increases one's probability of success.

I spent thousands of dollars on education and having a mentor before I even thought about investing in real estate. Some people see it as a waste of money. They do not see the value of being mentored. A mentor is key to your success as a real estate investor. There are so many ways to make money in this business. There are also so many ways to lose money in this business. I choose to make money and not lose money. Go ahead and try it on your own. You run the risk at losing thousands of dollars while I used my money to educate myself and to learn from the best in the business.

Armando Montelongo and his mentors are the best in the business. I have learned so much from Armando and the mentors that sometimes I feel like my head is going to explode from so much information. Another great thing about having a mentor like Armando is that he will push you to higher levels. Levels that you thought you could never reach. He will definitely keep you highly motivated. Many investors that I have met over the course of two years have quit investing for lack of motivation to stick with it. Having the right mentors keep you accountable and motivate you by their success stories which drive you to succeed.  Make sure to get yourself a mentor.  If you are new to investing in real estate then I definitely recommend you getting signed up with one of Armando Montelongo's mentorship programs.

antonio macias

real estate investor and house flipping machine

Check out the picture of Armando Montelongo with my wife, baby, and me in front of the first house FM Investors flipped in California from out of state.



http://www.armandolive.com/
http://www.armandobustour.com/

1 comment:

  1. So happy for you and all your success!! =)

    So true about getting a mentor, it helps SO much! Every successful person has had a mentor. =)

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