REIA's - worth it for new investors?

Question

There are no investment groups in my close vicinity. Nor have I been able, at this point, to find a mentor. I have noticed REIA, as a possibility to get other investors together...can anyone vouch for them or have other ideas they could share?

J Scott · Answer

REIAs are definitely good for some things:

-  Networking
-  Getting some basic real estate education
-  Finding lenders

But, you're going to want to ensure that you don't fall into some of the common REIA traps:

-  High priced seminars
-  "Shark" mentors who charge ridiculous fees and try to take advantage of newbies
-  Too many other newbies who will waste your time/energy because they're not really serious

I'm a big fan of getting the good stuff out of REIAs...just make sure you avoid the bad stuff...

Bryan Hancock · Answer

Pretty accurate J!

Some REIAs are populated solely by new folks too.  That isn't really going to help you much.  You need to find the ones with other seasoned folks that have some interest in attending.

Brian K. · Answer

Go to a couple of meetings to get a feel for things.  As J Scott said there are good and bad things and just be aware of them.

Elizabeth Sky · Answer

Thank you, everyone, for your input. There is an REIA group in Rochester, and I think I will contact them for any input they may have. Merry Christmas!

Ed Nunno · Answer

yea j scott those seem to be the only ones i can find myself, after the seminar they ask for 25k.....ive been to a couple over the last year and i cant seem to find 1 that isnt selling something....it really pisses me off.

Angelo Monday · Answer

Best thing to do is ask question or start your own group. Since there is none in your area. Present the idea to friends,family an or people in the community. Just gain some knowledge of what your trying to do an present it to people. Silence will make you miss out on a golden opportunity..

REIA's - worth it for new investors?

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