R
eal estate investing can be a lucrative way to build wealth, but getting started can be overwhelming. To succeed, it's essential to find a mentor who has experience in the field. A good mentor can guide you through the process of identifying potential properties and understanding what it takes to own and manage them.

    According to Adam Hamilton, CEO of REI Hub, having a real estate investing mentor is crucial for investors of all levels, especially beginners. A mentor can help you avoid common mistakes, such as believing that "fixer-upper" properties are always a good deal when they often come with hidden costs. They can also help you determine which opportunities to pursue and which to avoid.

    While not everyone may be able to find or afford a traditional mentor, there is still valuable knowledge available online through platforms like YouTube and Bigger Pockets. However, a real-world mentor offers insights that go beyond books or seminars, providing strategies that shorten the learning curve and empower you to make confident decisions.

    Even with internet-based resources, having a specific question answered by someone with experience can be invaluable. For example, Holden Andrews, a real estate investor, has two mentors he turns to for guidance: a family friend who is a successful real estate developer in Portland, Oregon, and another person who used real estate to fund his retirement in California.