So my first local REIA meeting.......mixed feelings.
Hello All,
I recently attended a local REIA meetup and left end of the day with mixed feelings. Maybe I am too critical on my first meeting? Seems like majority of the people are here to pass on deals. The only session I found more productive thorough the entire presentation is when they have the CPA talks about Taxes and setup biz structure. Other than that, mostly sales pitch that I think overdone. Near the end, they have 5-6 people present their deals to the entire group. Can't say too much about the host as she promised less pitching for next meeting but will just have to verify next time. I will look out for another opportunity to confirm my scrutinies.
During networking window after the main presentation, I had a chance to talk with a few people but mostly wholesalers and so called mentor touts and offers to hold your hands thru deals. They said that starter in real estate biz needs someone like them to avoid pitfalls. Most likely true but from a 24 years old guy is somewhat fishy.
What are your thoughts?