If you’re reading this, you’re probably looking to make money with real estate investing and maybe wondering whether you need a mentor to succeed. Perhaps you’re asking yourself, “Can I figure this out on my own?” or “Is paying for coaching really worth it?”
I get it. I asked myself the same questions when I started investing in Michigan real estate.
But here’s what I’ve learned: The quickest shortcut to success is being around people who are doing what you want to do.
Want to Make Money with Real Estate? Here’s Why Having a Mentor Matters
I’ve seen it too many times—new investors are excited to get into the game, but they often make costly mistakes that could have been avoided.
Real estate investing is simple, but it’s not easy. The right mentor helps you avoid rookie mistakes, teaches you proven strategies, and shows you how to make money with real estate investing without losing sleep at night.
Think about it like this: If you wanted to become a world-class athlete, would you just watch YouTube videos and hope for the best? No, you’d find a coach who has already done what you’re trying to do. Real estate investing is no different.
Here are just a few things a great mentor can help you with:
1. Analyzing real estate deals the right way
Most investors miss out on great opportunities because they myopically focus on day 1 numbers.
When I coach other real estate investors, I walk them through the exact process that I use to make money with real estate investing. Yes, that means looking at day 1 numbers and seeing if a deal makes financial sense. But it also means looking down the road and seeing what adding value to a property can do to your investment’s worth.
2. Understanding good vs. bad debt
I don’t fear the debt when I trust the business plan.
Many new investors get scared by leveraging other people’s money (i.e. the bank’s) to grow their real estate portfolio. But the truth is, there’s nothing to be scared of if the numbers make sense and you have the right plan.
When you work with a mentor or coach, they can help you get clear about what you want out of any real estate venture and create a realistic plan to make it happen.
3. Knowing when to hold and when to sell
The best asset is the asset you can make money on without selling.
Did you know that it’s possible to make money with real estate investing without having to sell your asset? Take a look at my Multifamily BRRRR Method and you’ll see what I mean. Following this strategy, you’ll:
- Buy the right property
- Rehab it to add value and force appreciation
- Rent out the property for max income
- Refinance with the right lender and get your original investment capital back
- Repeat the process to build your real estate portfolio
Watch this video to learn more: Multifamily Cash Out Refinance for Beginners|BRRRR Strategy
4. Avoiding analysis paralysis and taking action
There’s power in being an action taker.
There’s nothing wrong with watching YouTube videos about real estate investing or reading books about how real estate investing can lead to financial freedom. But don’t let your search for knowledge keep you from GETTING STARTED.
Many new investors get stuck in the analysis or knowledge-seeking phase and don’t make the move to get started. I’m a firm believer in getting started and learning more as you go. That’s exactly why I started with single-family real estate and THEN moved into multifamily real estate investing as I learned more.
How Do You Find the Right Mentor to Help You Make Money with Real Estate Investing?
Not all mentors are created equal. You want to learn from someone who is actually doing deals, not just talking about them. Someone who has built a portfolio, weathered market shifts, and created real wealth through real estate.
That’s exactly why I started doing One-Day Real Estate Mastermind events—to connect serious investors with proven strategies and insider knowledge from people who have been there, done that, and built multi-million-dollar portfolios.
When you surround yourself with experienced investors, the learning curve shortens. You don’t have to reinvent the wheel—you just have to learn how to drive it faster.
Watch this video to see behind the scenes of a recent mastermind event I did in Michigan: The Detroit Michigan Real Estate Mastermind with Tony Stephan
The Power of Networking and Learning from the Best Real Estate Investors
The more hands you shake, the more money you make.
In real estate investing, relationships are everything. Deals happen when you know the right people, get inside access to opportunities, and collaborate with like-minded investors. A mastermind event like mine isn’t just about learning or making money with real estate investing—it’s about growing your network and getting into the rooms where high-level deals happen.
We fear what we don’t understand. That’s why so many people hesitate to take the leap into real estate investing. But when you educate yourself, learn from those who’ve already succeeded, and take action with confidence, fear turns into opportunity.
If you’re serious about making money with real estate investing, don’t go at it alone. Learn from those who’ve already built what you want to achieve. Join the waitlist for the next One-Day Real Estate Mastermind, where you’ll gain the knowledge, connections, and confidence to scale your portfolio and create lasting wealth.
Or, if you’re ready to start investing in Michigan real estate now, contact us. I created The Stephan Group Brokerage to help investors find, analyze, and negotiate great deals, as well as operate their real estate portfolio here in Metro Detroit.
Ready to level up? Your real estate journey starts now!
