Why so many successful Real Estate people want more investors?

Question

Hi, beside from "I want you all to try and get a financial independence! You don't need to work any more! Here are my successful stories. Here are free resources. Here are free meetups"... What are the reasons for BiggerPockets to make more people into Real Estate business? Is it increase the cloud of potential buyers to get not so "the best deal" from them? Is it to sell the bank REO properties and get some fraction from transaction? Or what? I hardly believe in desire to share the knowledge.

Mindy Jensen · Answer

Account Closed , way back before Josh started BiggerPockets, he had questions about real estate for which he could not find the answers. He created this site to help share the knowledge he did have, and to help him gather the knowledge he did not.

People come to this site to share or learn. Or both.

There are way more real estate deals than there are real estate investors. Investing in real estate is one way to financial freedom. It is certainly my chosen path. I live and breathe real estate, and no one in real life cares about it. Finding a place where others love to talk about it as much as I do is Nirvana.

Austin Fruechting · Answer

Account Closed - As far as the members here, they really are trying to help. I retired at 32, all through real estate investing and it's fantastic.  I want to help others do the same by sharing what I've learned.

Helping others doesn't hurt me.  The only thing that would hurt is if gave away my contacts that feed me deals and am I going to do that?  No. They can find their own sources. Other than that there's no real negative affect to me, so why not help people?

Plus the odds of someone being in the exact same market looking for the exact same type of property are incredibly low.  The odds of someone I am helping being direct competition are so low it not's even worth considering. Compound that with even if they were in the same market looking for the same thing our timing of funds available would have to line up too for it to increase direct competition. Add it all together and it won't affect me at all.  And helping people feels good.

Jason Hirko · Answer

Account Closed Because like 1% of REAL real estate deals are listed on some website somewhere. I can't tell you how many deals I've been apart of because of who I know. I'm not talking about properties listed for sale - I'm talking about deals. Those generally require other people - people that have different skills than you. You can't make those relationships by hoarding your tiny bit of knowledge.

Becca Summers · Answer

Account Closed I share for three reasons. One I'm a Realtor so sharing my investor knowledge helps other investors in need of my services find me and know that I'm an investor and agent myself. Two I can't buy every property and so many people who come to me for help never end up investing so what did it hurt to help them? Three I believe in a life of abundance I think there is enough for anyone who is willing to work hard.  Oh and networking to find better tradesmen, painters, HVAC, title or any other related people.

David Dachtera · Answer

Account Closed,

BP is, in large measure, populated by people who chafe at the thought of actually paying for REI education. The philosophy here is to learn from fellow investors. So, anyone who feels they have something to offer can post their own experience when someone posts a question they feel they can answer.

With the real estate market the way it is - we're in a housing shortage since the crash - there is a lot of opportunity for landlords and other income property owners. So, to keep the rental market well supplied we actually need more investors to be income property owners.

James Masotti · Answer

Account Closed has built here is pretty spectacular, and I hope that you spend enough time on the forums and blogs to come to that same conclusion.

David Faulkner · Answer

A lot also has to do with mindset and whether you think in terms of scarcity or abundance. If you think in terms of scarcity, then there aren't enough deals to go around and you should guard your secrets so as to not train your competition. If you are of a mindset of abundance, then there are plenty of deals and wealth to go around, and if there aren't you can learn the skills to create some, and you aren't training your competition, you are training your potential partners. You can keep money from flowing out of your fingers with a tightly clenched fist, but you will also prevent money from flowing in too. Ironically, cheap and greedy people rarely get wealthy, frugal and generous people do all the time, though being frugal and generous is no guarantee of it, it is a darn good place to start and stay IMO and has its own rewards well in addition to monetary riches.

Jay Hinrichs · Answer

@Fred Winer  like the wolf of wall street and their phone techniques :)

OP  I get the idea of teaching your competition.. and the lovely thing about real estate is its predominantly public record.  along with anything you may think Is secret has probably been done 100s of times before by many others.

I know I wrestled with this when I was buying court house steps foreclosures and some one comes up and wants me to tell me all about it.. at that point your right I worked my butt off to get to the point I could do this.. I was not about to teach someone who just walked up and did not want to put the time and effort in just wanted someone to show them how.. and there is nothing special with chasing foreclosures its all in the law books  go learn it.. LOL.

other things about marketing and what to watch for so you don't lose your money etc etc I am more than happy to discuss if asked

Daren H. · Answer

If you don't like to share knowledge, you my friend are what they call a "Taker". Takers usually end up lonely. You know why? Because all they do is take, lol! Imagine if all your wife and kids did was take from you. Would you keep them around? Like minded people tend to share with each other. There is no rule that says you can't be in the business of facilitating knowledge expansion and sharing :) That is how I view BP. It is a business that sells (membership, tools, books, other resources, etc). More importantly it offers a platform for like minded people to freely share knowledge and experiences in REI. That is what is important to me. I can't be worried about Mr. Dorkin's wallet.

Why so many successful Real Estate people want more investors?

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