Real Estate WEALTH Magazine Real Estate WEALTH Magazine - DOWNLOAD IT HERE! - Page 44

makes more sense! The South Florida market is very different than other markets. There are some general characteristics and basic principles that are the same no matter where you are flipping houses, but not enough to lead you down the path of success. Even some of the small details, like how the City of Miami Gardens requires a new Certificate of Occupancy issued when you buy the house. This process is determined by Code Enforcement performing an inspection of the property. If the house fails the inspection, you cannot purchase the property to flip it so you potentially just lost your profit. There are different rules and regulations imposed by different city and county governing bodies. There are different contracts that are used in different states. There are even different cultures that exist as microcosms within a city or state that can mandate how one is received by sellers and buy- ers. If your mentor doesn’t know their way around, they cannot guide you! investors and rehabbers that have been in the South Florida market for about 20 years! The BREIA headquarters is not only where daily one-on-one coaching sessions are given, but there is also a large classroom for the stu- dent support classes that range from marketing strategies to roll playing sessions to learn how to actually talk to sellers. There are even classes given by some of the corporate members of BREIA like the HUD class and how to do a proper closing when selling a property. Both the Broward REIA and the Miami Dade REIA are accredited chapters of the Nation- al REIA. A look inside a Broward REIA training. 3.) YOUR MENTOR HAS TO HAVE A FUNCTIONING NETWORK! If someone has the necessary expe- rience and knowledge to mentor you, then they will have all the connections you need to eventually build your own team. From contractors, to real estate attorneys, to trusted title companies, you will need trusted experts in your area. As they say: It is all in who you know! The Broward Real Estate Investors Association, in conjunction with the Miami Dade REIA, has one of the most successful mentor programs in the country…. but they only mentor students one-on- one in their market. The owners, Ryan Kuhlman and Anish Dave, as well as their Director Antonio Lopez are not just out in their market teaching how to flip houses, they are a team of highly successful wholesale They are the only members of the National REIA in South Florida, and with the collective ef- fort of the NREIA’s 155,000 members nationwide, the BREIA mentor students have more knowledge and experience available to them then they will ever need. So be wise when making a commitment to any mentor. Get out your checklist and don’t be afraid to put the mentor to the test. Anyone that fails or doesn’t feel comfortable with you questioning them is probably not confident about what they can teach you. v The Broward Real Estate Investors Association, in conjunction with the Miami Dade REIA, has one of the most successful mentor programs in the country… PAGE 44 • 2017