Is paying for a real estate coach even worth it?

In this episode, Devin and Michael talk about some of the most important things they have learned from their mentors, the importance of having experienced people to network with, and if coaching is actually worth paying for.   Roofstock Academy https://www.roofstockacademy.com/ --- Tranacript   Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals.   Michael: What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. Today, I'm joined by my co-host, Devin Redmond, and he's gonna be talking to us today. Actually, we're both gonna be talking to it to you all today about mentorship, getting some coaching, how we kind of got our start in the real estate space and how it's impacted our trajectory going forward. So let's get into it. Devin, what's going on, man? Good to see you. Devin: Hey, Michael. How are you?   Michael: Good, good, but not as good as you. You're out in Hawaii. Right?   Devin: I am at the moment. Yeah, I've got a few rental properties here. So I've been here almost two weeks now, doing some renovations and got a vacancy that I just leased up, found what I think is gonna be a great tenant. So going well, so far. And every once in a while I get I get to the beach and work on the tan, too.   Michael: Talking about aligning incentives may get to invest in rental properties in Hawaii, and then go there. Love it. Love it.   Devin: Yeah, yeah, absolutely.   Michael: So Devin, let's chat today about how you kind of got guided in your real estate investing journey. Because I've got I had a personal mentor of mine. And I'll share a little bit about that. But I'm curious, did you have someone in your world and your sphere of influence that was like, really shaped how you became the investor you are today?   Devin: Yeah, you know, I would say there's not necessarily one person in particular. But my first job after business school, this is going back 15 years now was in the commercial real estate world.   Michael: You don't have to date yourself. No one was asking…   I said you don't have to date yourself, that was asking…   Devin: I own you an apology.   I went to business school at 15, so… No. No, just kidding. It was a while ago now…   But yeah, I worked for a big office, developer owner investor. And so there was, you know, a group of senior folks there who had been in the business, you know, up to 30 years, and it kind of seen a lot of cycles. And so I really learned the business from them, how to analyze deals, how to talk to investors, and get them excited about investing with you, without overselling, right.   So there was kind of that balance always to try to find. And, you know, I think most importantly, what I learned from doing both acquisitions and asset management after the fact was that, you know, on the day you close, that's great, you did a bunch of analysis, your model looks beautiful, that all goes out the window, the day close. You start hearing from actual tenants as to what the real deal is at the property.   Michael: Right…   Devin: When you start to break, you have to deal with stuff, the market changes underneath you. So all those things start happening in a very real sense, once you actually own the property. So, you know, that was something I learned very, very quickly, very early through both experience. And from working with this, you know, this group of real estate folks that had been around a while.   Michael: Now that's such a good takeaway, and how cool that you got to like, learn and kind of get your teeth cut with other people's money, kind of p