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
. In bigger cities, you may find several around you.
Some clubs are free to join, others charge a membership fee.
What's the use of these real estate investing clubs? Should you join these investment clubs? In this article, we explore the benefits of joining such an investment club.
1)Networking
Most real estate investors work alone, and they rarely get the opportunity to interact with other investors. A real estate investment club presents this opportunity where you meet like minded people that share your dream.
You quickly learn what works in your market, which title companies work with, which contractors to use, and so on.
You learn who specializes in what, and you build a contact list that is valuable 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.
This can be an easy source of good deals for years to come.
3)Selling your properties
Most real estate investors are looking to buy houses. 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. Once you email your deals to your buyers list, chances are you will find a buyer quickly.
Whenever you attend these meetings, your networking with other investors can form a valuable resource for quickly selling your houses.
4)Finding money
Most of these meetings are funded by sponsored by service provides who finance most activities. part of these sponsors could be lenders that are friendly to real estate investors.
It is not uncommon to find several lenders, including hard money lenders sponsoring such meetings.
Sometimes you may form profitable alliances with partners or even private money investors for your deals from these meetings.
5)Learning
Most of these clubs are created with learning as the major goal. Most of the meetings have a speaker who is invited to talk on a specific topic. The topics presented vary from speaker to speaker since each one is an expert in a specific field.
It is also common to find that these speakers market their products to real estate investors. The proceeds they get from these products help to finance their trip and expenses.
Instead of focusing on the sales pitch, focus on the message and you get something valuable for your business. Even though I consider myself seasoned in real estate investing, I always learn something new every time I sit down to listen.
by: S.Macharia
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