Benefits Of Joining A Real Estate Investing Club
As a real estate investor, you have probably noticed there is a real estate investor group or club near where you live. If you live in a bigger city, you may find several such groups around you.
Some charge a membership fee, others are free to join.
What's the use of these real estate investing clubs? Should you join them? In this article, we explore the benefits of joining such an investment club. As a real estate investor, you have probably noticed there is a real estate investor group or club near where you live. If you live in a bigger city, you may find several such groups around you.
Some charge a membership fee, others are free to join.
What role do these clubs play to the real estate investing community? Should you join them? In this article, we explore the benefits of joining such an investment club.
1) Networking
Since most real estate investors operate alone, the opportunity to interact with other investors is not common. When you join a real estate investing club, you meet like minded people that share the same dream as you do.
You get to learn what works in your local market, which title companies work with, which contractors to use, and so on.
You get to learn who does what, and build a valuable contact list of professionals you will need for your business.
2) Finding deals
If you are looking for houses to buy, chances are you will find people with good wholesale deals you can buy. They could be rental houses or other deals that you can get at bargain prices.
You may find this as a valuable resource that can benefit you for years.
3) Selling your properties
Almost all real estate investors are looking for houses to buy. In real estate investing clubs, you find people that can buy your properties especially if you have wholesale deals.
These people have ready sources of cash and form a valuable addition to your buyers list. Whenever you have a new property for sale, you simply email this to your buyers list, and chances are you will find a buyer fast.
Your networking with these investors can therefore form a valuable resource to your business.
4) Finding money
Most real estate investing meetings are funded by sponsors, who usually provide services to real estate investors. Such sponsors include lenders who are friendly to real estate investors.
It is not uncommon to find several lenders, including hard money lenders sponsoring such meetings.
You can also find partners or private money investors in these meetings.
5) Learning
Learning is the number one reason these clubs are created. There is usually a speaker who talks on a specific topic. Each speaker is an expert in his field and their topics vary from speaker to speaker.
It is also common to find that these speakers market their products to real estate investors. These speakers are usually not paid, and pay for their trip and expenses by selling these products.
Focus on the message rather than the sales pitch and you will come out with a lesson you can apply to your business. Even though I consider myself seasoned in real estate investing, I always learn something new every time I sit down to listen.
Find out an interactive and automated real estate investor website can automate most aspects of your business so that you spend less time, money and effort to make more money. Visit our real estate investing blog for more tips for successful real estate investing.
Comments(0)