If you are new to real estate investing, having a mentor can be a great help so that you will learn the ropes of the industry. But, how do you find the right mentor for you? How do you build a good mentor-mentee relationship? In this Highlights episode, we look back at our conversations with Jason Mittman of Mittman Real Estate and Matthew Baltzell of Boardwalk Wealth.
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Jason shares how he was lucky enough to find a wise and experienced mentor at the age of 18. He also emphasizes that hard work, integrity, and a willingness to learn are foundational to a successful mentor relationship. While Matthew shares the importance of mentors, no matter what industry you are in. He has developed five steps for landing a real estate mentor that could easily be translated into any other field. Enjoy the show!
Key Points From This Episode:
- Jason shares how his mentor introduced him to real estate investing at the age of 18
- Which asset classes is Jason currently focusing on?
- Tips for finding an experienced mentor who can teach you the ropes of the syndication business
- Have the principles of mentoring evolved over the years? Jason reveals how he shares a mentor-mentee relationship with his employees
- Matthew talks about understanding why mentoring is not about you.
- Why is learning how to become a person of value is crucial?
- What is the spiral effect and how can you use it to your benefit?
- Matthew discusses the impact of a credibility toolkit and why you need to work on it.
- Why is the willingness to work on weaknesses as important as expertise?
- The importance of clarity, both in terms of your goals and expectations of your mentor.
- How to reach out to others and truly add value?
- Understanding why you should strive to add value to every interaction.
“To this day, having that mentor in my life combined with my competitive drive and unwillingness to never give up, is probably what’s got me through this far.” — Jason Mittman
“The smartest guy in the room is the one who’s listening, not talking.” — Jason Mittman
“Every time I see her (my assistant) succeed, I push her for more, for more, for more. So as a mentor, you should be doing that with those you are mentoring. And as a mentee, ask for more. It’s quite a wonderful feeling when you see that person succeed” — Jason Mittman
“Mentoring is not about you.” — Matthew Baltzell
“When you are looking for a mentor, you are your own entity. So, you’re gonna have your own credibility kit.” — Matthew Baltzell
Links Mentioned in Today’s Episode:
About Jason Mittman
Jason is passionate about family, friends, the outdoors, commercial real estate, public speaking, and business coaching. He is a competitive athlete and a mountaineer. He is a licensed Texas Real Estate Broker, CCIM, Society of Exchange Counselors (SEC) Member, and holds a degree in business from U.T.S.A.
Jason has over 25 years of Real Estate expertise including analysis, sourcing, development, construction, leasing, finance, acquisition, disposition, and brokerage. Mittman has invested in, owned, and developed across the spectrum of real estate including medical office, multi-family, multi-tenant retail, land, hospitality, & single-tenant assets. Jason has worked on complex commercial transactions with a variety of issues including entitlement, environmental, lease, finance, cross-easement, eminent domain, foreclosure, defeasance, development, and re-development. Jason has negotiated difficult leases, development, and construction, as well as building purchases and sales with a long list of companies.
Jason is active in his local community of San Marcos, TX, and has supported a variety of causes and events from passing school bonds to the Sunshine Kids. He is passionate about giving thought-provoking presentations and leadership workshops. He has spoken to a variety of audiences from Chambers of Commerce, Schools, to fortune 500 companies on the topic of
“Lessons from the world’s most brutal races.”
Jason raced for 16 years on the elite adventure racing team: “Team Vignette”. The team has 7 national championships, 53 first-place overall finishes, and 88 top 3 overall finishers. He has served on a variety of boards and committees including the US-Israel Science and Technology Foundation, International Technology and Trade Network, The Young Survival Coalition, PESOMEX, Anti-Defamation League, the San Marcos School Bond Committee, Camp Young Judaea, and the Hays County Family Justice Center.
About Matthew Baltzell
Matthew is a real estate analyst at Boardwalk Wealth in Dallas, Texas and I host the freshest podcast Real Estate Journeys on iTunes and Stitcher. Born and raised in Colorado. He graduated from Thee Colorado State University with a degree in Speech Communications. Prior to 2008, I helped operate a family portfolio of 10 Single Family homes along with multiple fix and flips. Today, I’m living the good life in Chiang Mai, Thailand working abroad from my MacBook Pro. Digital Nomad? Not Exactly. He embarked on a journey around the world and found my loving wife Bew in Thailand. They fell in love and recently got married in November 2018 and have plans to return to Denver, CO by the end of 2019. His current focus is to develop himself as a real estate investor at Boardwalk Wealth and to help pioneer new real estate investors with multi-family apartments and commercial real estate.
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