New Member in Utah!
Hi Guys!
I found Bigger Pockets while looking for a good Podcost on getting started in Real Estate. I'm just beginning, but looking to purchase a multi unit here in the next month or two. This is an awesome community and I look forward to diving in!
Jake
Hi Jake Maughan! I'm also located in UT. Whereabouts are you?
Welcome to the forums!
Adam Bagley, I currently live in Utah County, but I'm working in SLC.
Welcome to BP Jake Maughan
Be sure to Check out the Free Beginners Guide
Welcome to BP. Lots of gray stuff here. And in Utah. Let me know if I can help in any way.
Hi Jake Maughan. Welcome. You will LOVE this forum. Probably the best real estate forum on the planet....
Welcome to the site, Jake! Thanks for the introduction. Be sure to check out Brandon Turner's case study: How to Buy a Small MultiFamily Property: A Step by Step Case Study -- I think you'll find it very useful as you move forward.
Good luck!
Welcome aboard Jake! I'm a fellow newbie from Salt Lake looking for my first deal. I've been a member for probably 3 weeks now and I've learned a ton!
Like Ned suggested, Check out the Free Beginners Guide. It has been a great learning tool for me.
#2 New Member Introductions Contributor
- Specialist
- Rockland, MA
- 2,245
- Votes |
- 7,730
- Posts
#2 New Member Introductions Contributor
- Specialist
- Rockland, MA
Jake
Welcome.
Make sure you locate and attend 3 different local REIA clubs. You will learn alot and meet some great people.
See below what happens at a REIA.
Paul
Your First REIA Meeting
One of your most valuable activities that you need to do ASAP is attending your first REIA club meeting. The networking, deal making, team building and source of local education will be found at the meeting. You will want to get the most out of you time at the meeting to make it a profitable experience. So let's get started.
Finding the Meetings
Lets check out "Real Estate Investment Clubs" Massachusetts on Google. The first result www.ReiaClub.com produces ten REIA clubs across Massachusetts.
I visited several of the club sites and found additional clubs listed. I notice a search site for National REIA http://www.nationalreia.com/clubportal/795files/directory.cfm?clubID=795&pubmenuoptID=11912 I follow the link to Massachusetts. There are three clubs listed which are associated with the National REIA. This is important because you will get additional benefits through National REIA.
You can also search Yahoo, MSN or Google groups with the same search criteria. Some of these groups have an online only presence where you can visit and interact in advance.
Prime the Pump
Let say you have selected the group but find that the meeting is two weeks away. You need to prime the pump. Go onto the clubs website my local favorite is Eastern Massachusetts REIA http://www.EasternMassREIA.com When looking at a club I want to see a variety of activities and educational opportunities.
I look to view who is listed on the Contact Us page. I would select at least one staff member and contact them. Ask them about the club, how many members and how many show for the typical meetings. Tell them you will be coming to the next meeting. They will be looking for you ready to introduce you to certain members.
Business Resources/Vendors
Check out the listed Business Resources/Vendors for the club. Call several, tell them you will be coming to the next meeting. Ask them what they think about the group. When you see them at the meeting they also will be introducing you to different people. This will jumpstart your networking.
30 Second Commercial
You need to develop and practice a couple of different 30 second commercials. You will use these when speaking to other who ask “So what are you doing”. It does not have to be too detailed. You can describe further anything they question you about.
Networking
If the meeting begins at 6:30pm SHOW UP EARLY. Get there at least 15 minutes early. This is a great chance to speak with the club officials and introduce yourself. The meeting will begin with an open networking session. In a very relaxed setting you are encouraged to interact with everyone else. Your goal is not to simply collect business cards, rather collect conversations then business cards. When speaking always ask the other person what they are doing, ask a couple of questions to continue them talking. Eventually they will ask you what you do. This is the opportunity for your 30 second commercial.
HINT: Members of the REIA will have formal name tags, new people like you will have paper nametags. You want to speak to everyone with a paper tag. These people can be a great resource for you. Some of these people come to the meeting because they have money to invest. Find them they might as well invest with you.
Announcements
The seats are taken when the networking period is over. You will hear some general announcements and an introduction to the topic and speaker for the evening.
Presentation/Training
A guest speaker will present a topic for their presentation or training opportunity. Often this will be paired with a pitch to buy something. You will get excellent information from the presentation and learn about opportunities.
Coming Club Events
The group leader with describe the events coming up over the next 3 months or so. Listen carefully find the session that will be a benefit to you.
Who has a Deal
One of my favorite parts of the meeting is when the members with a deal can stand up in front of the group and present a deal to everyone. Watch the different ways properties are presented some are more effective than others. Model your future presentations after the exceptional ones. Some people will have pictures and further information to give in the back of the room. Talk to these people about the deals later. Learn how they push the good features of the deal.
End of Meeting Networking
Don’t be in a rush to leave. You have a second chance to network. Make the most of it. ?
Welcome to BP from Southern Utah!!!
#2 Questions About BiggerPockets & Official Site Announcements Contributor
- Investor
- Maui, HI
- 3,942
- Votes |
- 13,324
- Posts
#2 Questions About BiggerPockets & Official Site Announcements Contributor
- Investor
- Maui, HI
Hey Jake Maughan welcome!
Welcome Jake Maughan
-
Real Estate Agent Utah (#4922719-SA00)
- Gary Buys Houses
Welcome to BiggerPockets Jake Maughan! Grats on deciding to buy your first property. An even bigger congratulations awaits on when you get it done!
This article will help you on figuring cash flow for your upcoming purchase: The 50% Rule: How to Quickly Analyze a Multifamily Investment Property
Keep us updated on how things are coming along. If you have any questions, feel free to ask!
Thank you all for your warm welcome. It's nice to have somewhere to go for balanced advise!
welcome @jake maughan I am new to bigger pockets as well. Great people and the website has great information.
Welcome to biggerpockets nation
A few threads to look through sellers market,
Tonight's the slreia meeting at 6.30- hope to see you there! slreia.com
@Jake Maughan Were you able to get your first multifamily deal done? I'm in a similar situation...I have offers out on several.
Hello Everyone
My name is Deimen Lihpai and I am here in Utah, City of Bountiful. I have been on and off this forum and I have seen a lot of progress in here. I would really love to connect with investors here in Utah and see what I can do to help out.
Hey Deimen!
Glad to have you here. I always love to see more wholesalers! The more deals the merrier, I say :)
welcome,
glad to have you here
Welcome! I'd love to connect on Salt Lake or Utah county deals. Or offer insight and help when needed.