St. Louis, MO · Member since 2008 · 25 posts · 0 votes
Ok I need some pointers on how to put myself out there in my real estate investing club. I am new to the biz and I want to work( bird dog) for an investor. Well the problem is :
1. I do not know anyone
2. Have no prior experiance
Now what I have to offer is I am willing to work for free and I have a little capital, good credit, and a steady pay check . I have been to 2 meetings and have got nowhere. I know I should open my mouth but have no clue what to say. Please if you have any pointers even if you think I may not like it I would highly appreciate it! :groovy:
Yes, OPEN YOUR MOUTH. Have you picked the person that you most feel you will learn from. See if you can buy them lunch one day. What is the worst that can happen, they say NO?
If you can't talk to an investor, how will you talk to a seller?
I do commend you on making a few meetings and understanding their importance.
Build up your confidence and start talking to as many people as possible. What is the worst that can happen?
Find out about the others who are attending these meetings and see what they are looking to do. Maybe you can offer to help them out by giving your time in exchange for their knowledge. There are many good people out there willing to help, you just have to dig through the chaff to find them!
ARRIVE EARLY AND STAY LATE! Most of the good things that happen at the REIA happen before the meeting starts and after the meeting ends. Your goal should be to make FRIENDS with the SUCCESSFUL investors in your area.
First, LISTEN! Listen to people talk at the meeting and determine who the successful investors are.
Next, go sit in the same area as these successful investors and start up a conversation with them.
LISTEN for opportunities to hang out with them; take them to lunch; do so some odd jobs for them (that you can do well), etc.
Ask them questions and LISTEN carefully to the answers.
Making friends with the successful investors in your town is no different than making friends with anyone else!
I am going to set up a lunch meeting that I will pay for with one of the board members, since I have not been in this club long enough to know who the good investors are, I figured I can speed up the process with setting up a meeting with a board member. Thank you all for the help!
As usual, Mike is dead on with his advice. I’ll give you a tip that can help at the club as well. I usually meet someone over a quick dinner before the meeting. If there is someone that I want to know better, I’ll suggest grabbing a bite together. I’ve been doing this for a while now and frequently meet with two or three others before the meeting. Great way to make contacts.
Wow. yeah Mike nailed it on the head. The before and after is huge. So many people show up just on time then leave right away. True knowledge like on these boards happen when people are able to just sit and chat.
Our club here in Chicago, we normally have about 30-40 people meeting up for dinner before, then about 80 or so going out after the meeting. And it is funny, those people are the ones truly making it.
A great rule to keep in mind during conversations at REI meetings is that you have 2 ears and 1 mouth for a good reason. Listen twice as much as you talk. People especially investors love to hear themselves talk, get them talking about what they do, how they got going, what keeps them going, etc.
Don't come out and ask rookie questions until you have built a certain amount of rapport.
Now Jared that may have worked for Mario when he won the election over Donkey Kong for animated president, but I am not sure it will have the same effect here.
I would just say to be very friendly and talk to everyone for you do not know how much that person may help you.
these are good suggestions.
another way to get noticed is to actually have deals.
what's a deal? any property/junker that can be had for 60% after repair value minus repairs.
what's the quickest way to get deals? bandit signs. check your local ordinances on the legality of using this tool.