When most people hear the word coach, their heart immediately goes to a warm place. A coach is someone who enters your life and changes it forever. In athletic circles, a coach spends hour after hour with his athletes, for months and years on end. The bond that is created is second to none. Why? Because they are co-laboring for a single cause. To win. Coaches help people win.
If you want to win in this game of real estate investing, you need to be coached. Imagine a gymnast with no coach. No one to train them. No one to watch them and then tell them how to get better. No one to push them. Their chance of winning is virtually nil.
The same is true in investing. You’re new at this and thus are green. Fluorescent green! You don’t know what you don’t know. But, a good coach does! Or, you are set in your ways, and need someone to show you a new way.
When I hired my first coach I was amazed at what he did for me. I had listened to every seminar and guru out there. I racked up the miles going from one training event to the next. I spent thousands educating myself. But, I was still missing something.
You see, the dots still were not connecting. I didn’t understand the market. I didn’t know which moves to make, when to strike, or when to hold back. I needed strategy and I needed tactics. None of the info I had collected was able to tell me what to do in real life scenarios. They taught me to buy low and sell high. They taught me to run comps. They taught me some jargon and told me tons of stories that motivated me. But, they didn’t tell me how to win.
I didn’t just want to buy and sell a few houses here and there. I wanted to take this thing by storm. I didn’t just want to understand the market, I wanted to control it. I wanted to shape it. I wanted to be a leader, not a lagger. And my coach taught me how to do it.
So, how do you find a great coach? Let me give you a few ideas. I think they’ll help.