Is real estate investment coaching worth it? And if so, how much does it cost?
That’s what we’ll look at in this article. If you’re serious about getting into real estate so you can do things like…
- Retire early
- Focus on things that matter more to you than your current job
- Travel whenever you want
…then real estate investing can help you get there. I retired at 31 thanks to real estate investing, so I know it’s possible.
Want to learn how you could live that lifestyle yourself? Keep reading.
How much does a real estate investment coach cost?
Real estate investment coaching costs can vary based on a few key factors, like experience, coaching structure, and package offers.
For example, if you work with a coach who’s just starting out, you won’t pay the same as you would if you hired someone with decades of experience.
But let’s look at the details.
Per month
If you decide to pay for a coach on a monthly basis, you can expect to pay anywhere between $97 and $10,000 per month.
Why such a big span?
Again, different factors impact how much coaches charge.
But remember: premium plans tend to offer a lot more personalized guidance that can ultimately translate into faster growth and higher returns.
Per hour
Real estate investment coaches typically charge between $125 and $250 per hour for one-on-one coaching sessions.
So, if you’re not sure what your needs are and want to try a few sessions with a coach to see how it works, paying per hour is an option. But if you want to invest long-term, choosing a monthly plan or program that offers more support might make more sense.
Remember: you want to find a coach because you want results.
Paying per hour can make you think you’re paying for a coach’s time. But what you’re really interested in is whether or not they can help you reach your goals.
That’s why programs offering a specific result are your best bet, even if they require a bigger upfront investment.
Is it worth paying a real estate investment coach?
Okay, we’ve looked at how much it costs to get a coach, but is real estate investment coaching worth it?
The short answer: absolutely.
Having a coach who’s been there and done that can help you avoid expensive pitfalls, and that’s invaluable. You can save thousands and thousands of dollars by hiring someone instead of trying to figure everything out on your own.
You can even save tens of thousands of dollars, as I learned from my first investment property.
On the other hand? Coaching isn’t for everyone.
Like real estate, getting a coach is an investment. Whether it makes sense for you depends on your goals. So, ask yourself: am I ready to commit to real estate investing long-term?
Because if you are, your return on investment (ROI) can be huge.
For example, my student Andy lives rent-free in his house AND gets $700 in monthly cash flow.
Learn more in this video:
Another student, Chetan, brings in $2,300 per month and is expanding his investment portfolio. You can see more about that here:
So, yes, coaching can be incredibly valuable, but make sure you’re ready for the commitment involved.
Pros and cons of finding a real estate investment coach
Like with anything, getting a real estate investment coach has advantages and disadvantages.
Let’s start with the advantages.
Pros of real estate investment coaching
The pros of real estate investment coaching include:
- Making yourself accountable
- Working with someone who knows what they’re doing
- Broadening your network
- Increasing your ROI
- Experiencing more personal growth
Let’s look at the details.
Experienced perspective
Should you invest in a fixer-upper? Is now the right time to buy real estate? What location is best?
No matter what your investment-related questions are, working with an experienced real estate coach can help you make informed decisions and skip the guesswork.
ROI
There are a lot of things that go into investing beyond just finding the right property or getting financing. For example, you’ll want to learn about ROI so you can determine how profitable a property is and how to increase that profit.
Part of that means learning about:
- Lead generation
- Client management
- Sales techniques
- Negotiation
- And how to close deals
But if you’re a complete newbie like I was, learning these skills on your own can seem overwhelming.
The good news? By picking a coach who has the right experience, they’ll be able to show you what to do to maximize your ROI.
Avoiding mistakes
When I started investing in real estate in my early twenties, I was so eager to buy property that I made a huge mistake: I bought a house before checking it first.
As you’re already guessing, that was the mistake I mentioned earlier that cost me tens of thousands of dollars in repairs. I even had to deal with animal infestations and sewage leaks.
Thankfully, I didn’t quit, and it all worked out eventually.
But the lesson here? You can save yourself from a lot of mistakes by getting insight from someone who’s more experienced than you are.
Personal growth
Investing isn’t easy, and it involves doing things that push you out of your comfort zone.
That’s why working with a coach who’ll be there when you doubt yourself can make it easier to take calculated risks.
In fact, 80% of people who work with a coach say it boosts their self-confidence.
Accountability
Having a coach can keep you accountable for taking action and give you the individual attention you need to maximize your results.
For example, maybe you’ve been putting off visiting potential investment properties because you don’t know what to look for. Or maybe you’re worried you’ll buy the wrong property. In that case, a coach can help you understand what you want and know how to identify a good investment.
Alright, now that we’ve looked at the pros of getting a coach, here are a few cons.
Cons of real estate investment coaching
The cons of real estate investment coaching include:
- Finding the right coach for your needs
- Getting coached involves a time commitment
- Needing to be financially ready to buy investment property
The good news is I’ve outlined the steps to finding the right coach below, the time investment is worth it, and once you do buy investment property, you’ve just increased your cash flow for future investments.
So, if you still think coaching is right for you, what do you need to do to find a coach who can help you reach your specific goals?
How do you choose the right real estate coach?
Finding the right real estate coach is essential to your success. Here’s what I recommend.
1. Align the coaching offer with your needs
The first step to getting the right coach is figuring out what you want a coach to help you achieve.
Why is this important? Because if you don’t know what you’re aiming for, it’s going to be really hard to get there.
So, think about it:
- Do you need help finding the right property or real estate niche?
- Are you struggling to market your real estate and get dream tenants?
- Do you have questions about how to reduce your property taxes?
Start there. And once you know your specific needs, you’ll be able to evaluate whether you even need a coach. But if so, it’ll be simpler to filter potential coaches and find one who can help you.
2. Research potential coaches
If you know people who’ve worked with real estate coaches, ask them for recommendations. Alternatively, you can also find great coaches online.
But how can you know if a coach will be able to help you?
When filtering your options, look at testimonials and reviews from people they’ve worked with. Ultimately, make sure they have a positive track record and real-world experience.
3. Consider and compare your options
Once you’ve found a few coaches who might be a good fit, schedule a call with them to learn more.
Why is calling the way to go? Because you’ll quickly be able to tell if their personality and coaching style are aligned with what you need or not.
Calling is also an opportunity to ask questions and find out how knowledgeable they are about real estate, which is a plus.
4. Evaluate your ROI
How much could you earn if you worked with a coach? What deals could they help you land? What expensive mistakes could they help you avoid?
Because, again: coaching is an investment. You want to make sure your coach’s fee is proportional to the ROI you’d get if you hired them.
So, how can you find that out? Again, look at their track record:
- Are they successful real estate investors themselves?
- Have they been able to apply what they teach to their own investment strategy?
- Do they have examples of people they’ve helped?
If you can answer “yes” to all those questions, that’s a good sign. If not, keep looking until you find someone who ticks those boxes.
Alternative ways to learn real estate investment
So far, we’ve covered how to find the right coach. But what if you want to learn about real estate without having to invest in a coach?
Here are a few options.
Courses
If you’re self-motivated, courses can be a great way to learn about real estate. Depending on your needs, you can learn about different aspects of investing, like…
- How to identify the right real estate niche for you
- How to find your first property
- How to flip real estate
…and more!
For example, I’m now a multiple six-figure real estate investor, so I created a course to help people find similar success. Want to learn the exact steps to finding a profitable investment in under three months? Check it out here.
Mentor
If you have the right network, you might be able to find someone who’d be willing to mentor you for free.
The downside? It’s free, so the amount of support you’d get would be limited.
Free resources
Yes, there are a lot of free resources out there.
But I don’t recommend basing important decisions on free information. That’s how I ended up losing over $30k. If you want to set yourself up for success, invest in someone who can give you personalized guidance.
Example real estate investing coaching program
As I mentioned, I made a lot of mistakes when I first got into real estate. Despite that, I was able to retire at 31 thanks to my investments. ow, I help others who want to do the same.
I know what it’s like to feel trapped in a job you don’t love and dread Mondays.
So, if that’s you, I created a program to help you escape the 9-5 and become financially free.
Because if you’re anything like I was, you don’t want to wait until you’re 65 to retire.
Next steps
Okay, there you have it! Now you know the real estate investment coaching cost and whether it would make sense for you.
As you can see, coaching can give you a huge ROI by helping you avoid mistakes and identify the best opportunities.
Ready to get started? Get in touch, and we’ll go from there.
Read more:
The Best (and Worst) States to Buy Rental Property
