Should You Join a Real Estate Investing Club?

Want to be the most successful investor possible? Of course you do! While there are many factors that contribute to success, one of them is taking advantage of every opportunity to grow that you can. This means maintaining an “always learning” attitude, absorbing all the information you can and being proactive in your quest for knowledge. It also means making connections with others, as well as creating opportunity for yourself. Deals won’t often fall into your lap; you’ve got to work for them.

A real estate investing club can help you with all of this. These clubs, found in every major market in the U.S., consist of like-minded people who are involved in the industry in some way. Investors, realtors, contractors, lenders, brokers...all can be found in a local club. Most clubs get together about once a month to discuss industry news and network with one another.

While giving up a Tuesday night each month for a meeting may not sound like the ideal way to spend your time, you might be surprised to learn of some of the benefits that come with your attendance.

Education

First off, you’re gaining valuable knowledge every time you go. I’m not promising total enlightenment or anything like that, but you WILL learn something while there. Meetings are usually informal, but they often feature a guest speaker who has real world knowledge to impart. There may be topics you’ve never even heard of, and without a doubt, these lectures will lead to other conversations where there is knowledge to be gained. Go in with an open mind, bring something to take notes, and be ready to learn!

Networking

Networking is one of THE most crucial aspects of real estate investing, and this is most investors’ main reason for joining a club. Because these monthly meetings are full of others in the business, and all of them playing different roles, you have the chance to rub elbows with a variety of people who can help you advance in your own business. Connecting with even just a couple of people can help in ways you may not have thought possible, as every contact has their own network of others they can expose you to. Plus, getting out there and familiarizing others with your name and face is a great way to become better known in your area, which can lead to more deals because most people prefer working with those who they know and trust.

Opportunity

Arguably, the biggest payoff of joining a real estate investment club are the opportunities that can arise from it. What you gain in knowledge and an expanded contact base can result in opportunities you may not have seen otherwise, and it’s these moments that can really propel your business forward. As I said, as an investor, it’s your job to create opportunity for yourself, and a real estate club can offer prime pickings. Don’t deny yourself these; you never know who you’re going to meet and what they have to offer.

So, should you join a real estate club? Absolutely! Get online to find a local organization today, and watch your prospects grow.