Investment Groups: Tips For Joining Popular Real Estate Networking Groups
Investment clubs have always been popular amongst real estate investors. With today’s housing market collapse, investors are seeking out networking groups in the hardest hit areas to purchase distressed properties.
Investment clubs in Arizona, California, Nevada and Florida are quickly growing in popularity. These states ranked in the top ten for highest foreclosure ratings. Real estate investors can locate an abundance of properties priced well below market value in these areas.
Real estate clubs are not a new phenomenon. These groups have been around for years. However, a new trend is emerging. Today, investors are using the Internet to seek out specific clubs offering information and contacts for their target markets.
Industry experts state one of the most popular keyword searches is “investment clubs San Diego.” There is no doubt California’s real estate market has been nearly crippled. San Diego has been one of the hardest hit; witnessing an unprecedented 353% increase in foreclosures over the past two years.
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Miami-Dade County in southern Florida is another area floundering in foreclosures. Reports claim Miami has 374% more foreclosures than New York City and 166% more than Los Angeles.
ocating reputable networking groups in these cities is as simple as typing in “investment clubs San Diego” or “investment clubs Miami” at your favorite search engine. Replace the city name for areas which are of interest to you.
Once you locate investment clubs in your chosen market, take time to contact each organization. Ask about meeting dates and times, guest speakers, and the focus of the group.
If you are new to investing seek out clubs offering basic information and resources. If you are a seasoned investor, seek out groups offering new strategies and a good mix of members.
Novice investors can easily be intimidated if the majority of club members are experienced professionals. Seasoned investors will waste their time attending clubs focused on helping beginners.
Investment clubs allow members to network and acquire information about the city where they plan to purchase real estate. Networking allows investors at all stages meet like-minded individuals and potential business partners. These contacts are essential to help build a team for rehabbing houses or obtain funding for investment opportunities.
Real estate networking groups allow investors to join forces and develop joint venture (JV) deals. JVs can be created for nearly any type of investment. Two of the most popular include house flipping and wholesaling.
In addition to networking and developing joint venture deals, investment clubs are a prime source for obtaining information. Real estate investing groups usually include a mix of realtors, mortgage specialists, insurance agents and contractors. Not only do these members make excellent partners, they hold a wealth of knowledge.
Investing groups typically feature guest speakers such as real estate attorneys, short sale and foreclosure specialists, mortgage lenders, industry leaders and government representatives.
Joining a reputable investment club gives you an edge over non-participating investors. Club members can form long term alliances that are mutually beneficial. As the saying goes, “It’s not what you know, it’s who you know.”
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