Hi all - I am trying to acquire (or witness) some real world experience investing in Washington DC. Unfortunately, the man who turned my eyes to this business and was beginning to guide me recently passed away, and I am at a loss for where to turn next.
I am interested in finding a good REI group in the greater Washington DC area; one that requires little or no cost to attend the first few meetings/get-togethers.
And even more than this, I am seeking a benevolent knowledge-giver who is willing to impart their precious experiences to me; in exchange I will do whatever I can to be half as useful to them as learning from them would be to me. Whether that means scouting properties, doing investing "chores" such as research, or whatever else I can. I'm a rather tenacious and hard-working individual that just wants to apply myself to his business.
Ultimately, I just want to be inundated in the culture and have a good base of APPLIED knowledge (which cannot necessarily be gained from reading all these books) before I put my money where my mouth is.
Thank you for your time!
I offer a 1on1 training and deal split if you PM me I can give you more details. Been doing REI since 2008 so I would say I know a thing or two. My claim to fame is "I don't know everything but I know how to get paid in this business".
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Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers. DC has a large and very active REIA club.
Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook
Consider checking out HUD homes for small multi's owner occupied gets first crack.
You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.
check out the following link for a Capital BP REI group that meets monthly in the area:
I will be moving to the DC area in July/Aug time frame and have been asking myself a lot of the questions you have on your earlier post. Look forward to meeting you in the future.
According to REIA National, there is only one REIA they affiliate with in the DC area. I just joined a couple of weeks ago. I haven't experienced them enough to form any opinions, but they seem like nice folks.
FYI, I am in the education phase and scouting around resources.
Below is the link to the DC area group.
Thanks everyone for the advice!
I'll definitely be looking into that REI group @Tom Fields , and will probably see you there eventually.
@Paul Cox Thanks, I was unaware there was a BP group in this area. I'll certainly be going to that....feel free to get in touch with me when you are in the area. I am still green as an investor, but I know DC's different neighborhoods pretty well and may be of some assistance in learning the landscape.
I'll be in touch when I get down there to do some househunting...Thanks
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