Start Your Own Real Estate Investor Club
Don’t already have a wildly popular real estate investor club in your area? Maybe, you feel the investor club that is already there could be improved? Either way, I strongly encourage all real estate investors to consider starting their own real estate investor club–even if it is a small group of other real estate investors that you meet with to discuss a particular strategy or type of investing.
There are some great tools available for starting up a real estate investor club that I didn’t have years ago when I started my local real estate investor group and I know a lot more about the process of starting and running my own real estate investor now than I did then.
If I were going to start a real estate investor club again, here are my 3 top tips:
- Sign up for Meetup.com and run your investment group through there. This service will announce your new real estate investor club to all the people that have registered in your local market that are interested in real estate investing. It will allow you to jump start your membership very, very quickly and makes it extremely easy to schedule meetings and keep everyone in the loop. I highly recommend it.
- Differentiate yourself from other clubs. Stand out and be different from other local real estate investor clubs. Some clubs have gurus come and talk, some are networking events, some teach topics, some present deals, some meet once a month, some meet once a week. Find out what others are doing, attend their meetings and be different… create a Unique Selling Proposition for your club.
- Constantly grow your membership list. Every new potential real estate investor you meet should be asked if you can invite them to your meetings. Seek out other investors on localized classified ad websites where they may be advertising properties. Inquire about the property to see if it is a good investment for you and be sure to offer them an opportunity to meet with you and other local investors at your club.
So, even if you’re meetup group is a half dozen of other active real estate investors getting together to discuss marketing, deal structuring, local dream team resources or accountability… I strongly recommend that you start and run a real estate investor club.
If you do decide to start your own club, be sure to tell me about it… maybe leave a comment below with information about it.
Until my next post,
James
P.S. One thing that running your club also allows: it can also be an immensely profitable activity. Many groups have real estate investing gurus come talk and sell real estate investing courses. It is very common for the club to earn commissions on those sales.
If you are using Meetup as I recommend there is also the ability to send out emails about products and services you like and see great value in recommending (like our Real Estate Investor Bronze Membership). In fact, we have an affiliate program that is free to sign up for and if you start a group you could offer all your members over a hundred real estate course downloads with free on-going consulting and training by sending out emails to them with your affiliate link. Anyone who signs up from your investor group you’d earn 40% of the monthly fee–EVERY MONTH–that they are a member. It would not take many subscribers for the large majority of investors to get to the point where this could cover your basic living expenses allowing you to focus on your real estate investing for long term wealth building.
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