In this episode, Nick delves into the essential topic of finding the right mentor in the property investment field. He emphasises that mentors may change over time as your needs evolve and shares his personal experiences with both good and bad mentors. Nick outlines key qualities to look for in a mentor, such as proven experience, honesty, integrity, and effective communication skills. He also discusses the importance of accountability and setting realistic expectations in the mentorship relationship.

KEY TAKEAWAYS

A mentor's relevance may change over time as your needs and goals evolve. It's important to recognise when it's time to seek a new mentor who aligns better with your current objectives.

Look for a mentor with a successful track record in the specific investment strategy you are pursuing. They should be actively involved in the market to provide relevant insights and guidance.

A good mentor should be transparent about the challenges of property investing and share their own mistakes. Avoid mentors who promise quick riches or downplay the risks involved.

Effective mentors should be approachable, able to explain complex topics clearly, and actively listen to your questions. Good communication fosters a productive mentor-mentee relationship.

A mentor should hold you accountable for your progress and help you navigate setbacks. They should also set realistic expectations about the time and effort required to succeed in property investing.

BEST MOMENTS

"A great mentor will save you time and money by helping you avoid common mistakes. They will have already made the mistakes and can hopefully help guide you around them."

"You need someone that keeps you on track for your goals, that's got your best interests at heart, that doesn't just want to sit there and earn their money from the mentorship."

"The best mentors will tell you what you need to hear, not what you want to hear. They will manage your expectations."

"You have to question their values and their approach. How many people are they mentoring at one time?"

"Don't part with your money until you're sure that they're the right mentor for you. Best advice I can give: research, research, research."

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HOST BIO

Nick is an award winning property investor, voted Fastest Newcomer 2022 by Premier Property, and is an accredited Retrofit EPC Assessor. He sources and renovates properties for himself as well as other investors. While doing this he has developed his own systems for efficient investment, such as developing his own methods to save time when viewing properties and estimating market values and potential returns, costing out renovations.

He spends three months of the year abroad and while there continues his business with use of modern technology and his proven systems.

Location freedom has always been his "Why" for being a Property Investment and has now reached his ideal of the colder months spent in Thailand and the rest of the time in the UK, all while continuing to run his business

This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/