What to ask at our REIA meeting

Question

I am going to attend the next REIA meeting here in Prescott, AZ. I am not sure what to expect, or what to even ask a person there?

Any advice would be greatly appreciated. Thanks in advance.

Michael Lucero · Answer

Hi Gary, this really depends on the type of REIA meeting. From your post, I'm going to assume you are new to REI. If the meeting is for beginners, which I doubt, then you can ask a bunch of open ended things about REIA and for someone to explain the various avenues to go down. If it's not a beginner specific meeting, you probably don't want to be asking these types of questions and you should listen and learn more before you start asking any questions during the group presentation/meeting. Most REIA meetings come in 1 of 2 forms, with or without a sales pitch for the club or service. If it's a general REIA meeting for an area, there probably won't be any pitch and the meeting is used to educate the attendees on a topic and to network.

Either way, the agenda is something like this: there is typically a room and a stage, people shuffle into the seats, then sometimes there are introductions of everyone in the room (you give your name and experience or interest in REI), then the presentation starts and you sit/listen, and are allowed to ask related questions throughout. If you don't know a lot about the topic, I would refrain from asking many questions and just take notes and do some research later. Then there is typically a Q&A session at the end as well. Then there is networking, which should be a good time for you. During the intros and based on peoples' questions they ask, you can identify the people that appear to be successful. If you want, you can go introduce yourself and say you are new, trying to educate yourself, and would love to hear how they got started, chose their specific niche. Some people may go into it, while others may not want to talk about it, but for the most they typically will talk. Don't try and act like your know something you don't or anything like that, just be real and say you are learning etc. because at the end of the day, that is the truth.

Gary Wyatt · Answer

Sounds like a good plan. I think I will let them see me there a couple of times, then start talking.

Gary Wyatt · Answer

Michael, L.  Awesome information that hit it right on the nail. That is exactly the information was looking for. And you said it in a way that I can relate. Thanks so much.

Joe Villeneuve · Answer

At first, ask NOTHING.  Just listen.  You'll learn a lot more.

Gary Wyatt · Answer

It went great. I met lots of nice investors that I have learned a lot from. I was also able to find five private money lenders that wanted to find something to do with their money. One investor actually shared with me how well he does in bird dogging. He actually has at least three wholesale deals every quarter. He shared with me the outfit that trained him, and the price was reasonable. I went through some training and learned so much. I have been searching for wholesale deals, but the small town I live in has a least 25 investors in it. I am still trying though. I have looked for distressed houses, left flyers, and have followed up every month. The calls we are getting are not interested in the offers we are giving, and it goes cold. How are you doing?

Carmelo Jimenez · Answer

I will be going to my first meeting tomorrow afternoon Thanks @Michael Lucero for that explanation, and @Gary Wyatt for posting the discussion. also how did it go Gary?

Gary Wyatt · Answer

Great idea. Thanks John S.

Gary Wyatt · Answer

So do I just go up to them and ask them if they are an investor, lender or a buyer?

Casey Mericle · Answer

Ask questions your interested in getting answered.  Ask people what types of real estate they participate in.  Ask about a problem you may have, or provide some guidance on some aspect of real estate that you know about.

What to ask at our REIA meeting

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