Where are the real investors? Any one know?... Bueller... Bueller

184 Replies

@Steve Snyder I felt the same way about 6 months ago. I felt like a lot of the posts were repetitive entry level questions. Then I thought of the Jim Rhon saying about being the average of the 5 people you associate with the most and I started a post on BP called Millionaire Mindset Vs Non-Millionaire Mindset. My premise was basically the same as yours. I wanted to mingle with more experienced, higher net worth individuals. 

Some people thought that I was just being arrogant or proud. Others chimed in and were really helpful such as @Mike Dymski who humbly stated that what I was looking for was called a mastermind group. Then I started researching mastermind groups and I started reaching out to other more experienced investors through private messages to start building a mastermind group. I connected with @Derek Dombeck who started spearheading building a mastermind group. He found that out of the 20 or so that qualified (through experience, success, etc.) that when it came time to get together, many of them had a lot of time commitments and it has been difficult to get them together.

But I think the concept is this, and it is something I noticed in myself over time as I read and posted on BiggerPockets. As my knowledge and understanding about real estate investing grew, I became hungrier for more meat or more advanced information. I didn’t want to keep taking basic math 101 over and over again by reading through the forums. I wanted to start taking algebra, geometry, trigonometry, and eventually advanced calculus but in real estate rather than math. So it may not be as much that the quality of the content has declined as much as it appears but rather that your insight, understanding, and experience has grown to the point that you are ready for more than what the BP forums usually offer.

The next step for me is to start participating in mastermind groups. I am going to participate in 2 of them. One locally in Arizona, and the other one nationally with members in several states. I’m not interested in participating in amateurmind groups with people just starting out, but I am interested in participating in or creating these two mastermind groups. This is my plan to continue to progress in my personal journey of growth.

Originally posted by @Steve Snyder :

BiggerPockets for a long time was a great place where investors could meet and exchange information and work together. Over the past year I have noticed a trend of a lot more newbies coming in just looking for information and a lot less real players who truly invest and work together. 

SO... I have two questions....

1) Has anyone else noticed this trend?

2) Where are the real real estate investors conversing if not on this forum?

Trying to figure out where everyone went.

-Steve

 This tells me more about the RE market than Bigger Pockets. Probably time to consider the old adage "Buy at the funeral, sell at the wedding".

I would say that you're over-reacting. There are a ton of seasoned investors on this site, but as it becomes more popular, they will be heard less. For every 10 newer investors, you have 1 seasoned investor join (this is a guess on ratio, not a cold hard fact). When this happens, it appears that the experienced investors have gone away and only the newbies are here. 

@Shiloh Lundahl That is a pretty good point. Yeah, I am sure there are mastermind groups around and I suppose I will have to devote some more time and energy to pursuing them and working with them. Thank you for the insight. I appreciate it.

It would be nice if there was a way to setup private groups on here, kinda like on Linked In. Maybe we can get that created? Who knows.

@Steve Snyder You know who should be included in the conversation is @Mindy Jensen . She is often open to pitching good ideas to the powers that be at BiggerPockets. 

Mindy, what you you think about having BiggerPockets have private group chats. Members could create private groups or message boards where they could share things privately?  What do you think?

Originally posted by @Shiloh Lundahl :

@Steve Snyder I felt the same way about 6 months ago. I felt like a lot of the posts were repetitive entry level questions. Then I thought of the Jim Rhon saying about being the average of the 5 people you associate with the most and I started a post on BP called Millionaire Mindset Vs Non-Millionaire Mindset. My premise was basically the same as yours. I wanted to mingle with more experienced, higher net worth individuals. 

Some people thought that I was just being arrogant or proud. Others chimed in and were really helpful such as @Mike Dymski who humbly stated that what I was looking for was called a mastermind group. Then I started researching mastermind groups and I started reaching out to other more experienced investors through private messages to start building a mastermind group. I connected with @Derek Dombeck who started spearheading building a mastermind group. He found that out of the 20 or so that qualified (through experience, success, etc.) that when it came time to get together, many of them had a lot of time commitments and it has been difficult to get them together.

But I think the concept is this, and it is something I noticed in myself over time as I read and posted on BiggerPockets. As my knowledge and understanding about real estate investing grew, I became hungrier for more meat or more advanced information. I didn’t want to keep taking basic math 101 over and over again by reading through the forums. I wanted to start taking algebra, geometry, trigonometry, and eventually advanced calculus but in real estate rather than math. So it may not be as much that the quality of the content has declined as much as it appears but rather that your insight, understanding, and experience has grown to the point that you are ready for more than what the BP forums usually offer.

The next step for me is to start participating in mastermind groups. I am going to participate in 2 of them. One locally in Arizona, and the other one nationally with members in several states. I’m not interested in participating in amateurmind groups with people just starting out, but I am interested in participating in or creating these two mastermind groups. This is my plan to continue to progress in my personal journey of growth.

Hey Shiloh.  One of the guys I mastermind with owns a successful flooring business, has a large portfolio of passive real estate investments, strong faith, eats well, and exercises regularly (plus he's funny).  Get this, he ran at least one mile per day for 24+ years (through sickness, injury, travel, tragedies, weather, diarrhea, you name it).  That's the kind of guy I want to be around (except after the runs runs...).

@Steve Snyder I couldn't agree more with you... I think it's prime time right now to open up another similar website for actual real investors. Bigger projects to me has went from something that was absolutely great to something that I might just check once every 2 weeks...
Originally posted by @Steve Snyder :

@Shiloh Lundahl That is a pretty good point. Yeah, I am sure there are mastermind groups around and I suppose I will have to devote some more time and energy to pursuing them and working with them. Thank you for the insight. I appreciate it.

It would be nice if there was a way to setup private groups on here, kinda like on Linked In. Maybe we can get that created? Who knows.

 I have been to the FIBI events in LA as a speaker there are some sharp people there  Jeremy Roll for instance

Originally posted by @Shiloh Lundahl :

@Mike Dymski Ha ha I get it. The runs runs. That’s nasty!

How long do I need to run every day for so that I can get in your mastermind group?

Shiloh I went to a invitation only mastermind in June.. it had some of the top players in the country there and it was 20k a year to be a member.. not sure how many on BP would sign up for that.. For sure there are plenty that could afford it.

they did a great job they really did.. I joined but then when I got the list of the entire group.. there were those that were members I personally did not care for.. so they gave me a refund .. Which was very cool most Guru's as you know wont refund.

But the guy running this is very nice  very smart.. and he has about 250 members so do the math that's a 5 mil a year business .. so have a lot of respect for what he put together..  

So I guess when you think mastermind you have to maybe narrow it down to your focus..  Do these masterminds your joining cost money?   I am good with paid training and networking in my day to day I know I would have gotten my 20k back easily in networking and funding deals for some of the members.. And maybe I need to get thicker skin.. :)  Plus I get travel fatigue and the idea of having to travel 4 more times a year kind of dissuaded me as well... but mainly it was the roster.. 

Originally posted by @Shiloh Lundahl :

@Jay Hinrichs What city was the FIBI event located in LA that you went to?

Manhattan Beach...  I have seen Jeremy post on this site once or twice but he is wicked smart.. If I lived were you live I would make it a point to search him out.. and Bruce NOrris.. any event he speaks at.. 

@Steve Snyder   I think the PM function works well.. sometimes folks don't respond..

but most do.

Also its a tough gig on this site as you really cant advertise what you do .. so you get all sorts of subliminal messaging going on.. and I understand why the rules are that way.

But maybe a private facebook group put together by some of the folks on this site that want to collaborate off this site.??

although I got on one of those and 90% of what was on there was all these successful guys vacations all over the world  Now I dig that but.. I have been there done that so not really interested in their vacations if they could stick to business maybe.. ???

It is a reflection of RE market cycle......

Whenever market is at its peak, whether RE or stock, it is flooded with newbies and the experienced already left the market.... If I look around myself, seasoned investors are all waiting for crash now....

Originally posted by @Diane G. :

It is a reflection of RE market cycle......

Whenever market is at its peak, whether RE or stock, it is flooded with newbies and the experienced already left the market.... If I look around myself, seasoned investors are all waiting for crash now....

 also Diane the public is inundated with social media and TV  and infomercials of how you can get rich in real estate with no money no credit no experience.. this is the target of the how to wholesale guru's.. 

Marry that with this free site and there you go.. its stands to reason that there are a ton of beginners on this site.. I think one of the benefits for them though is to get some advice that while not what they really want to hear maybe points them in the right direction.. And for sure since the slant is  anti paid training probably has saved many from going into credit card debt.   And there was a HUGE public service I think on the Morris threads keeping people from getting totally hosed by that company.

This post has been removed.

@Jay Hinrichs Thanks for both comments. I will look into both of those people you mentioned. As for me, I also am not opposed to spending money on high level training and networking, as long as it truely is high level and elevating. Many may claim to be, when in actuality they aren’t really.

Right now though, with the growth we have had over the past 2 years, rather than continuing to focus on growing at the same rate, I am trying to stabilize both my life and my businesses. I see it this way, it would be a shame to be the front car in the Indy 500 just to blow a tire on the way to the finish line and end up not finishing the race. So right now I am switching my focus from winning the race (continuing to grow at the same rate) to taking good care of my car (stabilizing and personal and professional development) to make sure I finish my race. After all, my investing career is just starting. It would be a shame if I pushed myself beyond what was prudent because of pride.

Originally posted by @Diane G. :

It is a reflection of RE market cycle......

Whenever market is at its peak, whether RE or stock, it is flooded with newbies and the experienced already left the market.... If I look around myself, seasoned investors are all waiting for crash now....

 Lol you have been waiting for 2 years already

@Steve Snyder they are here, just need to offer the right product/ service  and they will find you . In my 3 months or so utilizing BP, I have flipped about 1 mill  in properties, ( on top of my other clients not from BP, )  I am finding BP to be the best networking for real " players" .

I have a saying, find/ offer a good deal and the money will find you . 

Most other sites  you can lucky but overall just tire kickers. 

Hats off to the founders / marketers on BP.  
 

@Bob Prisco I have met a lot of great investors who have invested in my projects from this site. Don't get me wrong I find the value in it and it this is a great site for it, but I have just noticed it has gotten watered down lately is all. It would be nice to have a more experienced portion of this site that is more geared for people like you and me is all. 

I honestly don't have complaints, more like suggestions and observations. 

This post has been removed.

This post has been removed.

This post has been removed.

I think the Podcast needs a v2 as well with more advanced topics. It gets old hearing "Now for people out there who don't know what "X thing" is, why don't you explain it for us"


That being said, I have learned a whole lot here BECAUSE of the fact that newbies mix with the old dogs, so I have to say I do like that aspect. 

Originally posted by @Bob Prisco :

@Steve Snyder they are here, just need to offer the right product/ service  and they will find you . In my 3 months or so utilizing BP, I have flipped about 1 mill  in properties, ( on top of my other clients not from BP, )  I am finding BP to be the best networking for real " players" .

I have a saying, find/ offer a good deal and the money will find you . 

Most other sites  you can lucky but overall just tire kickers. 

Hats off to the founders / marketers on BP.  
 

 this site is heavy to buy and hold cash flow in king appreciation is gambling so any market that provides a modicum of cash flow with 20% down is a ripe target for the vast majority of the BP audience .   there have not been many lately but some of the most spirited threads are the SF bay area investors who have made a KILLING in appreciation debating with those that think 200 .oo a month and no appreciation to speak of is the way to go.. :)   Obviously there are far more people with 50k in their jeans to buy low end rentals than 250k to buy a rental in the SF peninsula.. but there is no arguing if you bought a rental in SF peninsula 5 years ago you made WAAAAY more money than any cash flow investment.. but now that seems to have peaked.. and I see another huge run to cash flow My only suggestion to those buying in those markets is to get them paid for as soon as possible and if you can pay cash.. that's where you make money in low value assets.. IE any asset under 100k..  is what I consider a low value asset.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you

Create Lasting Wealth Through Real Estate

Join the millions of people achieving financial freedom through the power of real estate investing

Start here