Wealth Mentor
Cost to you: $25,000–$28,750 incl. GST
Minimum equity to get started: Not stated
Strategy: Several strategies, including buy-and-hold, renovations
Generally suits: Investors who want 1:1 mentoring
Wealth Mentor is a property education company who say they take a broad approach to property investment.
Instead of teaching one investment strategy, clients match with a mentor who has experience in the type of investing they want to learn. Many of these mentors started out as Wealth Mentor clients themselves and have since gone on to build their own property portfolios.
That means the company covers a wide range of strategies. These include buy-and-hold renovations, property development and property trading.
It also teaches some of the basics outside property, such as personal finance and setting financial goals.
Most people start with a free strategy session.
During that meeting the team will talk through your goals and look at what you have tried in the past. If you already own property they may also review how those investments are performing.
From there they help you put together a plan for what to do next.
However, it’s important to understand what Wealth Mentor does and doesn’t offer.
It’s an education company, not a financial advice firm. That means it won’t recommend a specific property or tell you whether you should buy or sell one.
Instead, your mentor helps you understand the numbers, assess possible deals and think through your strategy. You still need to make the final investment decision yourself.
Wealth Mentor currently has a 5-star Google rating. Reviewers often describe its workshops as practical, engaging and informative.
