Networking For Real Estate Investors in a Downmarket is Critical!
Okay so we all sat around and watched the news heard the reports from the stock people and everyone agrees on the same thing...
We are in a recession.
How does this affect us as real estate investors? While the most common answer, quite honestly, is the fact that we as a real estate investors will not have the opportunity to the same loans that we had just a few years ago.
Those investors that used the sub-prime loans, or zero money down loans, or "pick a pay options", will no longer have those available.
So how are we going to find the funds and get the funds in order to make these real estate investments? The answer is ..
..
Networking.
This cycle is nothing new.
Long-term investors have been through a cycle like this before.
This is nothing new.
Also this means is that you have to change your game strategy a little bit.
For example perhaps now you need to work on your networking skills with other real estate investors.
How do you find them, where do you find them? RE I clubs (or Real Estate investing clubs): These are wonderful networking opportunities and organizations.
If you don't belong to the local REI club in your area you may be missing out on the potential to do hundreds of investments per decade in your area.
Most REI clubs have a meeting that takes place once a month or in some cases only once per quarter real estate investment clubs can be anywhere from 10 people to 1000 or more.
Members of most REI clubs come from vast backgrounds.
They are real estate agents, brokers, mortgage lenders, loan officers, appraisers etc.
etc.
etc.
The opportunity for good quality contacts as well as meeting people to help build your investment team is huge.
I highly recommend getting involved with at least one local REI club in your area.
Online forums: In last few years investors have found an outlet in which to share more information with a whiter audience of people.
Online forums are a great resource to get new information, exchange ideas and meet potential contacts, that you may work with in the future on various investment projects.
People from all over the country need online forums to discuss the current economic as well as background scenarios for investments in their local communities.
This is a great resource if you're trying to shop for information on a local or specific geographical location that you're considering an investment.
Let's say you're looking for information on a small suburb of Miami Florida.
With online forums it's very possible that you could find a real estate agent and appraiser or even a local handyman that works in that area.
As you can imagine this information from someone who is "there" is incredibly valuable.
These are just a couple of ideas of ways to network in order to increase your investment opportunities.
If you look around you'll find many professional organizations in which you can increase your networking circle.
We are in a recession.
How does this affect us as real estate investors? While the most common answer, quite honestly, is the fact that we as a real estate investors will not have the opportunity to the same loans that we had just a few years ago.
Those investors that used the sub-prime loans, or zero money down loans, or "pick a pay options", will no longer have those available.
So how are we going to find the funds and get the funds in order to make these real estate investments? The answer is ..
..
Networking.
This cycle is nothing new.
Long-term investors have been through a cycle like this before.
This is nothing new.
Also this means is that you have to change your game strategy a little bit.
For example perhaps now you need to work on your networking skills with other real estate investors.
How do you find them, where do you find them? RE I clubs (or Real Estate investing clubs): These are wonderful networking opportunities and organizations.
If you don't belong to the local REI club in your area you may be missing out on the potential to do hundreds of investments per decade in your area.
Most REI clubs have a meeting that takes place once a month or in some cases only once per quarter real estate investment clubs can be anywhere from 10 people to 1000 or more.
Members of most REI clubs come from vast backgrounds.
They are real estate agents, brokers, mortgage lenders, loan officers, appraisers etc.
etc.
etc.
The opportunity for good quality contacts as well as meeting people to help build your investment team is huge.
I highly recommend getting involved with at least one local REI club in your area.
Online forums: In last few years investors have found an outlet in which to share more information with a whiter audience of people.
Online forums are a great resource to get new information, exchange ideas and meet potential contacts, that you may work with in the future on various investment projects.
People from all over the country need online forums to discuss the current economic as well as background scenarios for investments in their local communities.
This is a great resource if you're trying to shop for information on a local or specific geographical location that you're considering an investment.
Let's say you're looking for information on a small suburb of Miami Florida.
With online forums it's very possible that you could find a real estate agent and appraiser or even a local handyman that works in that area.
As you can imagine this information from someone who is "there" is incredibly valuable.
These are just a couple of ideas of ways to network in order to increase your investment opportunities.
If you look around you'll find many professional organizations in which you can increase your networking circle.