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Should I Join A Real Estate Investors Club?
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Should I Join A Real Estate Investors Club?

What exactly is a real estate investors club, and is it right for me? A real estate investors club is a group of real estate investors that get together, usually on a monthly basis, to hold training and discuss ideas and techniques of investing in real estate. One of the largest clubs is REIA, or Real Estate Investment Association. These clubs offer a number of benefits of for the experienced investor, and somebody who is thinking of starting to invest in real estate. Most of these clubs have a yearly membership fee, but one can usually attend a monthly meeting by paying a small fee. We will take a look at a few of the benefits associated with these clubs.

Networking Meetings

The monthly meeting is one of the biggest benefit to joining a real estate investors club. The value of networking that takes place in these monthly meetings far exceeds the yearly dues or the monthly fee. Usually, there are real estate agents, bankers, and experienced investors in these clubs. The potential amount of inside information and knowledge that are at the monthly meetings is a great value. There are people from all different walks of life, and all from different backgrounds, jobs, and specialties in attendance at the monthly meetings. Just to rub elbows and exchange information and ideas is what attracts most of the members.

Educational Seminars

There is usually a speaker, either locally or nationally known, depending on the size of your city and budget that gives some kind of lecture at the monthly meetings. The lectures are a different topic each month. They are usually given by a different person with a different point of view from the prior month's speaker. If you are not a member, but are interested in hearing the person that is scheduled to speak, you can usually pay a fee to attend and listen to the speaker.

Get a Mentor

Another benefit of joining a real estate investors club is that most of the clubs assign a mentor to a junior member for a specified time. A mentor is a great tool to have, regardless of what your business is. If you are a junior member of a large club, it may be kind of intimidating to approach someone you don't know and ask them a random question. If the person you asked does not know the answer, that just makes it harder to approach another random person you don't know. Having a mentor to ask questions to is a great way to not feel so intimidated, and to get to know other people. If you ask your mentor a question, and they don't know, a good mentor will know who in the group to seek out to find the answer.

Landlording

Owning investment property is all about being a landlord. Whether you directly manage the property, or have a property management firm do it, you are still the landlord, and you still have the final say. To the inexperienced investor, this can be a bit overwhelming at first. Having a group of peers that you can trust in providing you with the correct answer can be a sweet sigh of relief. If it is in form of a lecture, or it is a more informal meeting, understanding the finer points of being a landlord will make your investment more enjoyable in the long run.

There are countless other reasons for joining a real estate investors club. I would recommend looking online for a club near you. You don't need a bunch of money and investment properties to join, just a willingness to learn and help others in real estate investing.


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