Being a member of a real estate investment club definitely has its perks.
Since most people do real estate investing individually, the opportunity to interact with peers doesn’t present itself very often. When you are a member of a real estate investment club, you are given the opportunity to network with people who have been involved with real estate investing for years.
Here are some tips for how you can benefit from being a member of a real estate investment club.
Whenever you attend a real estate investment club meeting you should keep in mind that these events are usually not for profit and under funded. You may notice that many of the speakers seem to be trying to sell you something.
Remember that speakers at the real estate investment club meetings aren’t getting paid to present. So the speaker uses the opportunity to sell his or her services. These services might be in the form of a video, mentoring, or a tape set. Learn to look beyond these sales tactics to hear what the presenter is trying to teach you.
Listen to what each speaker has to say, regardless of what he is trying to sell, and try to learn something from the speech.
Make sure to have respect for the time of the veterans that you meet in your real estate investment club. Often investing newcomers think they can simply take a veteran out to lunch in exchange for some tips to use in real estate investing. As a new investor, it is important to understand that few people give away valuable knowledge for free.
This is especially true of veteran real estate investors. Unless you are bringing some deals to the table, you shouldn’t expect for a veteran to just hand over education.
You should also keep in mind that these veterans have spent years of money and time taking courses and going to seminars to learn the real estate business. It is very unlikely that they will pass along this knowledge for steak and potatoes. This doesn’t mean that you can’t ask a veteran for advice, but that you should make it worth his while to teach you the tricks of the trade.
Use the real estate investment club to network and meet other people. When you go to meetings don’t sit alone in the corner then quietly duck out minutes before the meeting has ended. Use these real estate investment club meetings to your advantage.
Let the other club members know who you are and why you are there. If the club doesn’t have name tags, bring flyers. If flyers are against the rules bring business cards.
The most important thing is to make sure the other real estate investment club members know who you are and what you can bring to the table. This let’s them know that you are serious about real estate investing and, in turn, makes them more willing to help you.
If you have some experience or can help other members they will be more likely to help you.
One of the most important things you can do to benefit from the real estate investment club is to become a member. Of course you will need to pay a fee upfront, but the fee will seem like pennies compared to the benefits you will receive from being a member of the real estate investment club. In your real estate investment endeavors you will need many resources along the way, what better way to get the help you need than from your fellow real estate investment club members.
Claim a free e-book that will show you a system used to control .1million worth of real estate for just – and you can follow this system to do the same. Comes with resale rights from: Free Real Estate Fortunes Ebook
Article from articlesbase.com
LeahCoss.ca Real Estate Investment Options & Info Slideshow slides Basic Options Active Buy & Hold Buy & Flip Lease to Own Vendor Take Back Construction Rezoning Unique Property Passive MIC’s REIT’s RE Investor Private Lender This presentation will be on Buy & Hold, Buy & Flip, Lease to Own Buy and hold Buy a Property for the Purpose of Renting it to a Tenant Collect a monthly rent cheque Responsible for the home’s condition — depends on rental agreement Must qualify for both mortgage payments Benefits Potential for Positive Cashflow Equity Investment Savings Can Use a Mngmt Company for Low time & Energy Output Exit Strategy — New Renter, Lease Property, Sell Downfalls Potential for Negative Cashflow Decrease in Property Value Renters Damaging Property Property Maintenance Qualifying Upon Renewal Buy and Flip Buy a Home Below or at Market Value, Renovate/Improve & Re-Sell in 1-3 months Dependent on Contractors/Materials Strong Market Understanding Good Timing is Needed Must Qualify for Both Mortgage Payments Benefits Potential for Quick Capital Gains Transactions Can Be More Frequent Exit Strategy — Sell Downfalls Expensive Cost of Entry High Risk of Investment Dependent on Contractors/Materials Wont work in a Declining Market High Output of Energy & Time Difficult to Qualify for Mortgage Conventional Lenders Don’t Like You Lease to Own Buy a Home …
Related Estate Investment Articles