This was first posted on The TurnKey Investor’s Blog.
After several requests from the last few years for a real estate investor coaching, consulting, and mentoring program, I have decided to create and develop “The TurnKey Investor”s Consulting Program“.
I have been resistant to doing this program because I have been very guarded with my time and personal schedule. Even with this announcement, I still am. However, I believe I have created a way to comfortably coach, consult, and mentor others in a way that is effective and reasonably priced.
What sent me over the edge was a customer seeking a coaching, consulting, and mentoring program was actually considering an offer of $10,000 upfront and a monthly fee of $1,000/month from someone who had less real estate and credentials than my real estate partner, Wes and I did! I told my customer I thought that it was ridiculously priced. Shortly after that conversation, I decided to develop a program that was reasonable and effective, not this overpriced B.S. program.
For many beginning students, their toughest time is the first 30-days. That is often their make or break period. Because of this very formative period, it will be the most intensive period for both my students and myself. I have to shake them out of their comfort zone and push them out to make things happen both effectively and intelligently.
To maintain good quality control, I will accept students into this program only by a written application and telephone interview process. I only want to work with students who have a good shot at success. Having coached, mentored, and instructed many students over the years, I have a good sense of who is committed and who is simply all-talk.
I have committed myself to those individuals that are optimistic, mature, confident, independent, flexible, creative, can listen, and accept constructive criticism and direct feedback. These types of people have the innate personality traits to succeed at nearly anything they set their minds to.
And while my Consulting Program is considerably less expensive than most real estate investor seminars, it carries a strong enough of a financial weight for the students paying to take this seriously. It can be afforded but I would not say it is affordable.
Additionally, because the program is on strict time schedules, the student ultimately loses if they get lazy and don”t do their assignments or stick to their 120-day plan. I also reserve the right at any time to let go of any student who isn”t being accountable to me and to themselves. I don”t have the patience and stomach for it.
Like my time during the Investors Roundtable, everyone will be put on notice that they must perform. And after 4-6 months of consulting, I will likely give them notice that their time with me will come to an end. Basically, if there is no results or success, the consulting must end.
The rules are set. I am excited by this program. I have set a high standard for the students to meet. Only the most confident and capable will want to take this program with me as their coach and mentor. I openly tell the people I coach and mentor, I cannot be their friend and effectively help them. Friendship has to be secondary and only after the consulting process has concluded.