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207
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764
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Dave Meyer
Pro Member
  • Head of Real Estate Investing at BiggerPockets
  • Amsterdam, NL
764
Votes |
207
Posts

Want to know the best way to build your real estate network?

Dave Meyer
Pro Member
  • Head of Real Estate Investing at BiggerPockets
  • Amsterdam, NL
Posted Mar 14 2016, 08:39

No matter how you’re involved in real estate investing, I’d venture a guess that one of your main goals on BiggerPockets is networking. I know this is true because one of the most common questions we get at BiggerPockets is, “How can I make more connections on BiggerPockets?”

Well lucky for you, there is a simple answer: Post frequently on the forums.

There are dozens of ways to connect with people on BP, but I ran the numbers and the results are clear. People who post on the forums most frequently have the most profile views, and the most colleagues.

That makes sense, right? It doesn’t take a numbers whiz to see the connection: if you post, and build a reputation as a helpful and knowledgeable member of the community, people are going to want to connect with you.

And connections mean more deals seen, partners identified, and clients secured. A.K.A more money.

Still not convinced? Here’s some statistical nerdery to backup my claims:

I grabbed data for the 1,000 most-visited profiles on BiggerPockets. I then looked at correlations between profile views and forum posts, post votes, and number of colleagues. But before we get into that, a quick refresher on correlation in case you haven’t kept up on your stats knowledge since high school.

Here is the dictionary definition of correlation: a relation existing between phenomena or things or between mathematical or statistical variables which tend to vary, be associated, or occur together in a way not expected on the basis of chance alone.

In english? We’re measuring how changes in one variable affect changes in a second variable. So in our case: how does posting on the forums influence the number of profile views, or number of colleagues a member has?

And the reason stats nerds like me love correlation is that it is unit-agnostic. It tests the strength of a relationship between two variables, no matter if you’re measuring inches, pounds, housing prices, or forum votes. It’s a handy little tool.

I won’t bore you with the math to derive correlations, but I will explain a bit on how to interpret them. First, correlations are always a number between -1 and 1.

As you can see in the graphic above, a correlation of 0 means there is no linear relationship between the two variables (a change in variable A has no effect on variable B). A correlation of -1 means there is a very strong correlation, but the relationship is negative (one variables goes up, the other goes down). Lastly, a correlation of 1 means a strong positive relationship (both variables move together in the same direction).

So, back to how to make more connections on BiggerPockets. I ran a correlation matrix for the four variables: posts_count, profile_hits, votes_received, and colleague_count. Here are the results.

For our purposes we really just want to look at the numbers in BOLD right now.

profile_hitsposts_countvotes_receivedcolleague_count
profile_hits1.00
posts_count0.671.00
votes_received0.710.871.00
colleague_count0.700.540.491.00

Now that you’re an expert in correlations, we can see how strong these relationships are. 

As you can see the correlation between posts and profile hits is .67, a really strong positive relationship! This means that the more posts you have the more times people will look at your profile.

The correlation between votes and profile hits is even stronger, at .71. Meaning that if you write such great forum posts that people vote for you, you’re even more likely to get profile hits.

But what good is a profile view without a connection? Well, the correlation between profile hits and colleague count is .70, also really strong. More profile hits means more colleagues.

So in short: more posts = more profile views = more colleagues.

I also did some regression analysis, which I can’t explain in a single forum post, but trust me, it’s really cool. What I discovered is that 50% of your colleague count can be attributed to the number of forum posts you have. That’s crazy! There are tons of variables that contribute to how many colleagues you have, but one variable reigns supreme: forum posts.

Posting on the forums is the single best way to build your network on BiggerPockets.

So you want to make more real estate connections, find partners, and make more deals? POST!

Stay tuned for a follow up post on the monetary value of BP connections! 

If you have any questions about posting, correlations, statistical nerdery, or have some ideas for other data studies we should run, let me know! 

User Stats

54
Posts
20
Votes
Julia Vang Hart
  • Realtor
  • Memphis, TN
20
Votes |
54
Posts
Julia Vang Hart
  • Realtor
  • Memphis, TN
Replied Apr 14 2016, 15:32

@Dave Meyer: Thanks for the great post! I appreciate such statistical nerdery. Will definitely follow your advice.   

User Stats

71
Posts
29
Votes
Chris Bingham
  • Investor
  • Sandy, UT
29
Votes |
71
Posts
Chris Bingham
  • Investor
  • Sandy, UT
Replied Apr 16 2016, 21:07
 @Dave Meyer:

 Dave,

This is an awesome post! Looking forward to your follow up post on the monetary value of BP connections. Be sure to keep us in the loop when you post it.

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See Practice Deals

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5
Posts
0
Votes
Brandon Hickman
  • Rehabber
  • Pottstown, PA
0
Votes |
5
Posts
Brandon Hickman
  • Rehabber
  • Pottstown, PA
Replied Apr 19 2016, 04:43

Great to see such a break down! Thanks!!

User Stats

267
Posts
144
Votes
Joshua Howaniec
  • Contractor
  • Indianapolis, IN
144
Votes |
267
Posts
Joshua Howaniec
  • Contractor
  • Indianapolis, IN
Replied Oct 28 2016, 09:08

I totally buy into the value networking on BP adds to a business. Great article, thanks for sharing.

User Stats

1
Posts
0
Votes
Maria Laurice
  • Toronto, Ontario
0
Votes |
1
Posts
Maria Laurice
  • Toronto, Ontario
Replied Nov 29 2016, 14:20

Hi! I'm Laurice a new member from Toronto. Is there BP meet up here? I want to learn a lot about REI and to meet some investors.

User Stats

1
Posts
0
Votes
Rodney Davis
  • Tracy, CA
0
Votes |
1
Posts
Rodney Davis
  • Tracy, CA
Replied Jan 12 2017, 03:23

I am from Tracy,CA new to investing for profit! I sincerely hope to start investing in a few years.I also started a protection company to help secure your investments. 

User Stats

5
Posts
8
Votes
Krisy Kim
  • San Francisco, CA
8
Votes |
5
Posts
Krisy Kim
  • San Francisco, CA
Replied Dec 15 2017, 20:37

Just joined BP today! Good to know :) Looking forward to building my network with all you wonderful people!

User Stats

15
Posts
2
Votes
Colette Chase
  • Denver, Co
2
Votes |
15
Posts
Colette Chase
  • Denver, Co
Replied Dec 31 2017, 18:20

always good to state the obvious now and then. :)  thx @Dave Meyer!

User Stats

10
Posts
0
Votes
Paul Lussier
  • Investor
  • Auburn, MA
0
Votes |
10
Posts
Paul Lussier
  • Investor
  • Auburn, MA
Replied May 4 2018, 09:36

I'm new to Bigger Pockets but so glad I found it. I will be posting!

User Stats

10
Posts
0
Votes
Paul Lussier
  • Investor
  • Auburn, MA
0
Votes |
10
Posts
Paul Lussier
  • Investor
  • Auburn, MA
Replied May 4 2018, 09:36

I'm new to Bigger Pockets but so glad I found it. I will be posting!

User Stats

5
Posts
0
Votes
Gary Rust
  • Pleasant Hill Ca
0
Votes |
5
Posts
Gary Rust
  • Pleasant Hill Ca
Replied Sep 5 2018, 16:16

Just read you post Dave, makes perfect sense and I will follow your expert lead!

Thank you

User Stats

14
Posts
4
Votes
Replied Nov 28 2018, 19:03

Great post! Made me realize I need to be more active in the forums. Thank you

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