Investor · Palatine, IL · Member since 2015 · 69 posts · 31 votes
If we are not already "friends" on REI Blackbook (and Bigger Pockets), please message me and let's set it up. Let's both build our networks!
I created this so that we can all build an investing command center together: NW 'Burbs Investor Meetup
It is designed for either beginners who learn better from experiential learning, and so we add them to a deal, or, for experienced investors to simply do more deals, bigger deals, etc. This is not a social or networking event (primarily). It's at my office, and we are there to buy into deals. We'll have fun and all that as well, but the idea is that we keep the meetup limited to people who are ready to bring something valuable to the deal right now.
What time and office location are you considering? And are you primarily going to hold this to attract an opportunity for yourself to buy from investors or is this an opportunity for a buyer like me to attend as well and find some properties for me?
Great question. It will be at our office in Palatine, near Durty Nellie's. I enjoy and respect the REIA's and all that, and I attend, and they add value, but I just think there is one category of meeting type missing in the industry, and that would be the meetings to group-analyze and do the deal. My meetings would not be for tire-kickers. Beginners are welcome; experience level is not relevant, but what is relevant is that the attendees want to do a deal immediately. Like we fund the LLC and go do the thing, that day. At least decide on the participants and move it forward.
Buyers like you are a great fit. Think of it this way, if you have money to invest in a flip, then one way that information comes to you is in a .pdf from a wholesaler, but some of that info you have to take on faith or send you inspector to look at it. In my meetings, we keep that value back in the deal because you are sitting next to the guy who has the deal, and we can throw it up on a laptop projector and click around and analyze it and go do the thing. So you have instant partners, be they the money people, the birddog, the repair people, whatever. And whatever you are is fine too. Do what you love to do and partner with people to perform the other aspects.
We don't need to compete with one another. None of us do. My vision is that as we grow, we simply start buying up the ugliest 20+ unit building on the nicest block and do a value-add play on that, then a 40+ unit, then a hotel, etc. Many hands make light work and a rising tide lifts all boats.
That's the vision. So yeah, if you are looking to buy, come hang out and buy. What I want it to become is a comfortable, fun, social command center for investing. We could literally walk to Nellie's afterward, but while we are there, we are there to drill down and move forward on deals. All that is required of an attendee is: 1. Do not ever do anything shady or dishonest. 2. Come ready to contribute to the deal.
@Tom Kaider This is a great idea. I've found my investor group attracts many tire kickers, who are always welcome to "listen and learn" on the on-site property evaluations. But your group format would help to get them to pull the trigger faster if they expected to walk out of your office with a deal in hand. I'm always interested in finding new ways to reach more buyers to do more deals. Let me know if I can be of assistance to work with you on this.