Mentoring for Real Estate Investors

Lorie Fontenot
Single Family Mentor
Lifestyles Unlimited
"My career was in the airline industry, so nothing having to do with real estate investing. But, I jumped in with both feet as a member, got my education, and started investing."
I’ve been a member of Lifestyles Unlimited for a decade now. I became a member in the spring of 2010. My career was in the airline industry, so nothing having to do with real estate investing. But, I jumped in with both feet as a member, got my education, and started investing. Soon, a position opened up on the Member Services team and I was accepted for the role. There, I served Lifestyles Unlimited members for six years.  
 
 
It wasn’t until a little later on that I had the honor of serving as a Lifestyles Unlimited Mentor. Meanwhile, I’d already achieved financial freedom for myself through my real estate investing.  
 
 
You might think that managing my own properties, I had enough on my plate. And people say, “well, how can you do all of this?” If you’re doing it right, it’s easy. Plus, there is a real calling to be a Lifestyles Unlimited Mentor. It’s kind of like when you’re serving in a volunteer capacity. You’re helping other people, but you get what you give back two fold.
 
And that’s really what all of this is about. It’s about the abundance mentality. It’s about giving and receiving positive encouragement to accomplish more. We don’t believe there is less for everyone if we work together. We believe there is more.
 
I think maybe that’s why we tend to gravitate toward each other so strongly in the Lifestyles Unlimited community, because there is that positive encouragement. We’re genuinely happy when someone else is successful, and that’s what mentoring is all about. 
 
But, it’s also about providing the specific tools needed to guide you towards the success you’ve envisioned. That’s why we get to know you one on one. Everybody’s got different desires and resources for what they want their life to be. So, we pool those resources to make what we call a real estate investment “snowball.” Our goal is for your real estate investments to compound in growth over the next 1 to 5 years so that you attain financial freedom much faster than your counterparts and are able to enjoy life now. 
 
But, let me give you some examples of the scenarios I run into with the members I help.
 
Many younger people think that maybe they can’t get started. But, that’s the best time to get started – when you are young. Let me give you some context. The most common theme that we hear from everybody in their 40s, 50s, and 60s is this: “I wish I’d done this sooner.” 
 
So, start when you’re younger, even if you have limited resources, and you can absolutely get that snowball rolling! It all starts with that first property. It might take a little bit of time to get going at first, but it will definitely change your life. 
 
Another scenario worth pointing out are my meetings with members in their 50s and 60s. This group typically has substantial holdings in stocks, bonds, 401(k)s, IRAs, etc. So, they can go a lot faster. But they have a totally different outlook for what they want at this stage in their lives.
 
No matter the case, we tell you what order to put your action steps in so your real estate investing process makes sense. Then, together, we meet your financial goals chunk by chunk as we add passive streams of income to your life. 
 
And here is the amazing thing, the pandemic hasn’t slowed any of that down.  
 
We’re still rolling along just the same as ever.
 
Now, I do think that in the next few weeks there are unfortunately going to be some foreclosures. There may be some vacant  properties out there. But, I believe there will be a switch from a seller’s market to a buyer’s market.
 
That means opportunity. That means you have to be prepared. Hopefully, you didn’t have all your money in the stock market.  But the fact is, if there are vacant houses out there that need to be bought back up, then we’ll be the ones to lock in and do it.
 
So, say you’re one of the individuals to sit down with me and get your first single family investment. Here’s how it works:
 
First, we sit down and have that initial conversation, following your orientation class. Then, it’s all about helping you make the right acquisition. That can be very scary, but the wonderful thing is that we’ve done this for ourselves successfully many times following the same investor map you are, so we know if a potential investment fits what you are trying to accomplish. Then, we continue holding your hand the rest of the way. 
 
 
Finally, once you have enough passive income to meet or exceed your monthly expenses, everything you do afterwards is your gravy money for a better home, better vacations, or whatever lifestyle you want to choose.
 
It truly is an unlimited lifestyle.

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Comments

  1. Madina Shaik says

    Lorie, thank you for excellent blog. Being new PIG member it is really helpful

  2. I would like to find a mentor. Need some guidance for beginning the road to become an investor.

  3. Awesome. Thank you

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