Additionally you can get a better purchase price as its a cash deal(save maybe 10%) and you have 5 owners that can promote the property to their sphere to help fill the open dates. 

My sphere of influence becomes much larger when I include people who live in my hometown.The fees to join the Duluth association are not very high and I was wondering if it would be a good idea to try reaching out to my sphere up there as well as down here to cast a wider net for leads, considering I am brand new.

Hello Bigger Pockets-I am currently in the process of a multi family development located in an OZ with a couple of partners.

Understanding how vital your sphere of influence is crucial in the start up of this business.

I'm completely new to the Real Estate sphere.

came through my sphere.

came through my sphere.

AGAIN how many of you have been though a down market of 30%, How many of you can say in the last 39 years a loss of 10% or greater has happened, How many of you know what the tax rate will be next year let alone 40 years from now and how many of you know that the cost of a snickers bar and a 16 oz pepsi went up 647% in the last 40 years. 

For me I've largely leveraged my personal Facebook account and have found almost all of my clients in my sphere of influence.I got my agent's license almost 10 years ago, became a broker 5 years ago when I started Yeh Area Realty, and only recently did I get off my lazy *** to put my own website together, largely spurred by a new agent that joined my team and beat me to it :D.

That's the simplest way I can put it; obviously, a lot more goes into it that requires a securities attorney who's done an OZ Fund formation start to finish.