Are Real Estate Investor Clubs a Productive Use of Your Time
by Aditi Bansal
Updated on Wednesday, May 10, 2017
Are you a member of any real estate investment club? These clubs have been around for several decades and the majority of them are non-profit organizations whose members regularly meet to share investment insights and network with like-minded investors and real estate professionals in their locality. There are distributed across the country with much larger groups based in larger cities.
tags #Hard Money Lenders #Investment Clubs #
Are you a member of any real estate investment club? These clubs have been in existence for several decades and the majority of them are non-profit organizations whose members regularly meet to share investment insights and network with like-minded real estate professionals and other investors in their locality. There are distributed across the nation with much larger investment groups based in larger cities.
From the surface, one can easily conclude that real estate investor clubs provide the ideal meeting place for local investors in the real estate industry. However, there are different factors you need to consider and some rules to play along to optimize the networking experience.
Later on, I met a reputable local investor who was not a member of the local real estate investment club and found my breakthrough. He was skeptical about attending the real estate investment meetings for fear of revealing his secrets to success. It’s typically taking time off your business to create a whole lot of competitors. He, however, chose to associate with a community of leading investors drawn from across the nation to share ideas and network to avoid creating any local competitor.
That made some perfect sense, though I can boldly affirm that my days at the local real estate investment club were never futile. I was fortunate to find a terrific closing company and a versatile hard money lender that helped me to accomplish some of my initial creative deals.
Through experience, I have established two simple rules for handling real estate investment clubs:
Correct Approach to Real Estate Investment Clubs improves Productivity.
These two rules when utilized effectively will ensure that your time is spent wisely and beneficially. Don’t expect to learn so much from the meetings since the majority of members are newbies in real estate investment. If you find established investors in the room, chances are, they’ll remain silent throughout the session, and you should act the same. Just focus on networking with the right people who can boost your real estate investment ventures through various vending services.
From the surface, one can easily conclude that real estate investor clubs provide the ideal meeting place for local investors in the real estate industry. However, there are different factors you need to consider and some rules to play along to optimize the networking experience.
My Experience with Real Estate Investment Clubs
As I began my journey in real estate investment, I attended real estate investment club meetings every month, only to discover that the most established investors in my region were not part of these meetings. That baffled me and I began to ask around wondering what was happening. I realized that most of the attendees were beginners in the industry, just like I was. Getting investment advice from them was a sure mission to failure.Later on, I met a reputable local investor who was not a member of the local real estate investment club and found my breakthrough. He was skeptical about attending the real estate investment meetings for fear of revealing his secrets to success. It’s typically taking time off your business to create a whole lot of competitors. He, however, chose to associate with a community of leading investors drawn from across the nation to share ideas and network to avoid creating any local competitor.
That made some perfect sense, though I can boldly affirm that my days at the local real estate investment club were never futile. I was fortunate to find a terrific closing company and a versatile hard money lender that helped me to accomplish some of my initial creative deals.
Through experience, I have established two simple rules for handling real estate investment clubs:
Talk Less, Listen More:
Listen keenly to members’ contributions and ask questions, but keep your talking at the minimum. It’s okay to grasp some ideas from the team but resist the urge to spill the beans on what you know and what you’re doing. Remember the other members are doing the same business in your locality and it makes no business sense to empower the competition. At the national platform, it doesn’t hurt to share your experiences since most members come from diverse backgrounds and geographical locations and will less likely apply the ideas on your market.Strategize as you Network:
When attending your local club meetings, set a goal on what kind of connection you’re seeking. It may be a hard money lending company, a mortgage broker, a closing firm, a real estate agency, and so on. Focus on those vendors that are important to your business and build those bridges.Correct Approach to Real Estate Investment Clubs improves Productivity.
These two rules when utilized effectively will ensure that your time is spent wisely and beneficially. Don’t expect to learn so much from the meetings since the majority of members are newbies in real estate investment. If you find established investors in the room, chances are, they’ll remain silent throughout the session, and you should act the same. Just focus on networking with the right people who can boost your real estate investment ventures through various vending services.
This page has a focus on Hard Money Lenders, Investment Clubs was shared by Aditi Bansal.
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