How to make RE friends ?

Question

I just want to be involved with talented people to learn from the business and make friends eventually do some business in the future. I just want to have the right friends.

Julio Gonzales · Answer

Christopher:

The value in your success is equal to your network. So....

1). Throw a party and be strategic about your invitations.

2).  Join your Chamber of commerce to meet bankers / Investors.  Don’t over expose yourself.

3). Visit auction sites and befriend brokers associated to those deals.

4)  Tell EVERYONE your looking for RE.-  Get connected with a divorce attorney.  Know your market, in particular, school districts.  Join your chamber of commerce.

5). Be a student of financing deals...every creative way possible.  Help others with a deal and it will all come back around to you.

6)  Find a GC, Plumber & Electrician.  They will refer the other “best” contractors.  Also, distributors will refer great contractors.

In sum,  be obsessive in creating / developing a network... then see deals fly your way.

Matt Leber · Answer

@Jian Guan continue to be active on the forums and encourage others in their pursuit of REI. Add keyword filters for your area so you can specifically comment on forums of investors in your city. If you do that, connections will be made. Reach out to those connections and see if they want to grab coffee or lunch and chat real estate.

You could also attend local meetups if you prefer meeting and learning with a group. I’m sure a quick google search will help you learn about local groups. Or start one! Good luck!

Jian G. · Answer

I am not big in networking right now due to my business(non real estate related) and spending almost every second of my off hours absorbing information on apartment investing. my family and some close friends are all in REI so I talk to them a lot, we are constantly looking at deals and try to close as many good deals as we can get our hands on right now and asset management on our current properties. my recommendation is first to really ask yourself what are you willing to sacrifice to do this. allocate the time and go out and meet with people in these real estate events. Your local meet up, seminar, classes available in your area. surround yourself with the likeminded people and you will learn and grow so much faster. although I have not attend to a lot of these events, I will put more time and energy there once I accomplish my current goal, which is to acquire properties within my current niche with the funds we have and learn the skills in multifamily. so my need is not to go out and try to meet people. If you are just starting out and you don't have investors in place, go out and find people with interest in real estate and connect with them. I think that would be the first step and continune education on REI for yourself. you will get in what you put out, that is the fundamental of entrepreneurship. best of luck!

Jack Hildinger · Answer

Welcome Cristopher!  I'm a retired small 14-door SFR investor in DFW. I have a great mentor and several friends in SFR's in my area.  I also have some RE friends in Houston.  Feel free to ask me any questions.