A good coach will shorten the runway to achieving your goals by providing you with perspective, knowledge, and support. By removing blind spots and injecting new information (because you don’t know what you don’t know!), a coach will help you to overcome limiting beliefs and will provide you with guidance so that you can take massive action to achieve your goals.
It can be. But investing without a plan and adequate knowledge can be more costly! Coaching is an investment in yourself and your education. Some programs are very expensive (upwards of $50,000), while others are more affordable. You must balance the investment in your education against the cost of proceeding on your own. What opportunities might you fail to maximize – or miss out on altogether – because you didn’t have all the knowledge you needed to make a good decision in a few short weeks?
There are a lot of people offering coaching services right now. You need to do your due diligence to find the right person to help you achieve your goals. Here are a few considerations to keep in mind:
- Experience: What kind of relevant experience does the prospective coach have? A couple of deals over a few years typically do not provide adequate experience to help you with long-range planning and execution. Most investors make money when the markets are rising, but it takes a skilled and educated investor to continue to thrive in a market downturn. Ensure the coach you choose has a proven history of completing deals using the strategy you want to implement in all kinds of markets.
- Reputation: Ask other investors in your network about their experiences dealing with a prospective coach. Is the coach known for being honest and ethical? Is their program known for helping people to take action and achieve their goals?
- Communication: Connect with former clients to get a sense of a coach’s educational approach and communication style. Then book a call discovery to determine if their coaching and communication style resonates with you.
With more than 10 years of experience as a real estate trainer and coach, Elizabeth has a ton of experience helping investors build their investment businesses. Plus, Elizabeth’s coaching programs are completely customized to YOUR individual needs. Weekly or bi-weekly 1-on-1 sessions provide you with consistent support and ensure that you are moving at exactly the right pace. Initial sessions establish your current position as well as where you want to be in the future. With this information, you and Elizabeth will create a strategic plan to achieve your goals. The balance of your coaching sessions will be spent increasing your investment knowledge and applying the concepts in order to build your real estate business and acquire new investment properties.
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