Top 50 Questions To Ask Real Estate Mentor

Top 50 Questions To Ask Real Estate Mentor. Want To Find Out Answers To Your Questions? Check This Post Now. 

As you decide to go into Real Estate or building your own modern real estate empire, it’s normal to feel so much excitement, you are already strategizing on the type of deals you will go after both present and future but one thing you should know is there’s still something missing.

See Also: How To Become A Successful Real Estate Agent In Nigeria

As you plan to set your own real estate ship sailing without a real estate mentor, to guide you, you need to know you are selling yourself short. The truth is if you want to survive and excel in the competitive and constantly evolving real estate investing world, it’s very crucial you enlist the help of how to find a whole real estate investing mentors.

A real estate mentor is the secret to investing success, and why’s that? It’s because you get to learn their mistakes, methods, and lessons about real estate. Facts are, successful and greatest real estate investors in history had mentors to guide them on their part to success.

Now in this article, here is a rundown on 50 good questions to ask wholesale real estate investors mentors early on so as to put yourself in the best position to succeed in real estate business.

What Are The Questions To Ask Real Estate Mentor?

1. Which Investment Approach Has Worked Best For You?
2. What Should You Look For During A Property Tour?
3. What Drew You To Real Estate Investing, And How Experienced Are You?
4. How Are You Financing Properties?
5. What Were Your Mistakes As A New Investor?
6. What Industry Technology Are You Using?
7. Do You Utilize A Property Management Company?
8. Who Are Your References?
9. Have You Ever Failed, How?
10. What Exit Strategy Have You Developed?
11. How Did You Find Your Investing Niche?
12. What Were Your Long-term Goals?
13. What Do You Think Is The Best Way For A Beginner To Get Started In Real Estate Investing?
14. Do You Recommend Any Helpful Resources As An Investor?
15. How Do You Feel About Investing In Property Out-of-state?
16. What Is Your Approach To Risk Taking?
17. How Do You Make Sure A Project Stays On Budget?
18. How Do You Differentiate Between a Good Deal And A Bad Deal?
19. Who Else Would You Recommend I Connect With?
20. What Are Your Motivation?
21. How Can I Work Smarter As A Real Estate Developer?
22. If You Could Do It Again, What Would You Do Differently?
23. How Would You Describe Your Personal Style?
24. What Were Your Constant Challenges?
25. Do You Have A Mentor? How Have They Influenced You?
26. How Do You Encourage Innovative Ideas?
27. What Inspired/Inspires You?
28. How Do You Balance Home And Work Life?
29. Do You Have Any Books That You Would Suggest I Read?
30. Do You Have Recommend I Follow Any Social Media Handles?
31. What Was Your First Sale?
32. What Should I specialize In?
33. What The Best Moves To Building My Career?
34. Can You Help Me Build My Network?
35. How Long Have You Been Investing In Real Estate?
36. What Do You Wish You Had Known Before Taking Your First Management Role?
37. What’s The Most Leadership Lesson You’ve Learned And How Has It Proven Invaluable?
38. How Did You Develop The Skill Of Speaking So Engagingly In Front Of Groups?
39. Where Do You See My Strengths?
40. How Did You Become A More Assertive Negotiator?
41. How Can I Become Better At Managing People Around Me?
42. Do You Have A Template That You Use For Long Range Visioning And Strategic Planning?
43. What New Skills Do I Need To Move Forward?
44. How Do You Account For Repair And Maintenance Cost On Your Properties?
45. What Tool Do You Use For Tenant Screening?
46. How Hard Was It For You To Grow Your Company And Be Successful?
47. Can I Always Reach Out To You Whenever I Want?
48. Did You Ever Give Up?
49. What Were Your Shortcomings?
50. Do You Have Any Regrets?

See Also: How To Invest In Real Estate In Nigeria

Top 50 Questions To Ask Real Estate Mentor

1. Which Investment Approach Has Worked Best For You?

As a starter in real estate, this is an important question to ask your mentor. You need to know the best investment approach to know and use.

2. What Should You Look For During A Property Tour?

Another question to ask your mentor is to know the right things to watch and look out for when you are on a property spree, You need to listen to your mentor and know the right things to watch out for.

3. What Drew You To Real Estate Investing, And How Experienced Are You?

Asking your mentor some demanding questions like this, is very crucial. You should never be too scared because real estate is no joke and you don’t want to run on a loss , You need to know what drew your mentor into real estate and how many years he has been into real estate business.

4. How Are You Financing Properties?

This is very crucial, as you need to know how your mentor finances his properties and you take lessons from this too

5. What Were Your Mistakes As A New Investor?

Your mentor is not a supernatural being, they must have made mistakes too, ask your mentor those mistakes they had or encountered in the past as a real estate investor and you pick positives from it.

6. What Industry Technology Are You Using?

Asking your mentor the industry technology they use is very crucial as it helps guide you.

7. Do You Utilize A Property Management Company?

Most successful real investors in the past might have used property management companies in guiding them, so ask your mentor if they utilized a property management company and if they did, you might choose to adopt this system.

8. Who Are Your References?

Know your mentor references, as this could help you in been a successful real investor in the future.

9. Have You Ever Failed, How?

Like we earlier discussed, your mentor should have failures in the past, Yes! But ask your mentors what are the mistakes they made and what made them fail, don’t just stop at knowing if they failed, ask them the mistakes they made, so you can avoid these mistakes too.

See Also: Top 10 Best Residential Estates With Good Houses In Lagos

10. What Exit Strategy Have You Developed?

There’s need to know the exit strategy your mentors might have developed, so this helps you.

11. How Did You Find Your Investing Niche?

Asking your mentor this question is very important, you need to know their investment niche.

12. What Were Your Long-term Goals?

You need to know your mentor long term goals as you can adopt these goals for yourself to help you in the long run to becoming a successful real estate investor in future.

13. What Do You Think Is The Best Way For A Beginner To Get Started In Real Estate Investing?

You need to know the best ways to start in real estate. Asking your mentor to guide you on the best ways to start as a beginner is no fluke. You need to know the best moves for you as a beginner, don’t just go rushing in because if you do, you will fail.

14. Do You Recommend Any Helpful Resources As An Investor?

Ask your mentor to tell you any meaningful and helpful resources for you to go into, as this can improve your finances, as you need enough finances to becoming a successful real estate investor.

15. How Do You Feel About Investing In Property Out-of-state?

This is another crucial question to ask your mentor, ask him the risks involved in investing in properties out of state.

16. What Is Your Approach To Risk Taking?

A successful mentor must have a full knowledge about risk. You know for every business entrepreneur, you need to take on some demanding risk. You need to know the right approach you need when it comes to risk taking.

17. How Do You Make Sure A Project Stays On Budget?

Staying on budget is very important, so you need to know the right steps for you to stay on budget.

18. How Do You Differentiate Between a Good Deal And A Bad Deal?

Differentiating between good and bad deals is not an easy one. You need to consult your mentor in helping teach you on how to differentiate between good and bad deals.

19. Who Else Would You Recommend I Connect With?

Networking is a crucial part in real estate investment. Your mentor should help you with the right connections you need, Ask him!

20. What Are Your Motivation?

It is very important to know what motivates your mentor, as this is very crucial.

21. How Can I Work Smarter As A Real Estate Developer?

Working smarter is what you need to becoming a real and successful real estate investor.

22. If You Could Do It Again, What Would You Do Differently?

Your mentor might have become a successful real estate investor but then he still has some new things he learnt along the way in becoming this successful. So ask your mentor this and know those new learning and proper ways to becoming successful in the real estate world.

23. How Would You Describe Your Personal Style?

You need to know the personal style of the person you looking up to in the real estate business.

24. What Were Your Constant Challenges?

Challenges in business is always normal, get to know those challenges your mentor encountered on the way to becoming successful.

25. Do You Have A Mentor? How Have They Influenced You?

Your mentor did not come up this way not to have anyone they looked up to, always remember to ask your mentor who they looked up to and how this person influenced them.

26. How Do You Encourage Innovative Ideas?

Get to know how your mentor encourages innovative ideas.

27. What Inspired/Inspires You?

You need to know those things that inspired or inspires them as you can adopt too.

28. How Do You Balance Home And Work Life?

You need to also know how your mentor balances his personal life that involves his or her family and how they manage their work too.

29. Do You Have Any Books That You Would Suggest I Read?

Your mentor can also recommend inspiring books for you to read, so always remember to ask this.

30. Do You Have Recommend I Follow Any Social Media Handles?

There are some other successful real estate developers that your mentor can know, asking this question makes them open up on these mentors social media handles and for you to follow their platforms and learn some added stuffs too.

31. What Was Your First Sale?

You need to know your mentor first property sale as this could also motivating you to know you can be like your mentor someday.

32. What Should I specialize In?

It is important to ask your mentor in helping you know what and where to specialize in.

33. What The Best Moves To Building My Career?

Building your career is very important, so ask your mentor on ways to improve your career.

34. Can You Help Me Build My Network?

Your mentor can also help you in networking as they are very experienced.

35. How Long Have You Been Investing In Real Estate?

You need to know how long it took your mentor before they reached where they are today.

36. What Do You Wish You Had Known Before Taking Your Real Estate Role?

This is also crucial, you need to know what they wish to have known before they got into real estate, as this will help you also.

37. What’s The Most Leadership Lesson You’ve Learned And How Has It Proven Invaluable?

You need to know those leadership roles they have learnt along the way and how it has proven to be important to them.

38. How Did You Develop The Skill Of Speaking So Engagingly In Front Of Groups?

You need to know the methods they adopted in been courageous and facing crowds.

39. Where Do You See My Strengths?

Your mentor can also suggest your strengths for you as they can clearly see them in you.

40. How Did You Become A More Assertive Negotiator?

You need to be an assertive negotiator in real estate business, so ask your mentor this important question.

41. How Can I Become Better At Managing People Around Me?

To be an estate developer, you will definitely meet lots of people, so you need to know the best ways to managing people around you.

42. Do You Have A Template That You Use For Long Range Visioning And Strategic Planning?

If your mentor has templates in visualizing and strategic planning, you can collect them to help yourself.

43. What New Skills Do I Need To Move Forward?

Ask your mentor the skills you need in moving forward and becoming successful.

44. How Do You Account For Repair And Maintenance Cost On Your Properties?

Your mentor will improve you on how best to manage and repair and even maintain cost on your properties.

45. What Tool Do You Use For Tenant Screening?

Ask your mentor the tools you need in tenant screening as you will be needing this.

46. How Hard Was It For You To Grow Your Company And Be Successful?

You need to know how much energy your mentor gave out to grow his or her company, so this helps you in becoming successful.

47. Can I Always Reach Out To You Whenever I Want?

Your mentor can always be busy as a successful real estate developer, so you need to ask your mentor if they are comfortable with you reaching out to them anytime you want.

See Also: 15 Mistakes You Should Avoid When Building A New Home

48. Did You Ever Give Up?

There is need to ask your mentor if they ever wanted to drop the bar, if they ever wanted to give up.

49. What Were Your Shortcomings?

Asking your mentor the disadvantages that you might encounter along the way will always be crucial.

50. Do You Have Any Regrets?

It is very important for you to know your mentors regret, those regrets they had in the past and you watch out for all of this and avoid them.

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