REI CLUB-MY SECOND BEST MOVE

Although we do not have an actual REI Club here in our small town, a few of us who invest in real estate have gotten together a few times to discuss and brainstorm. It has been very encouraging. I took a friend of mine with me last time who is a CPA/investor and she is a great new addition to the group.

We're just getting started but I know it will grow and benefit all of us.

Here's one gem I got the other night, just in case some of you haven't heard of it:

If you're having trouble with late rent or mortgage payments on your properies, have the person set up a payroll deduction with their employer. Divide their yearly payments into the number of paychecks they get and have that amount deducted.

Set up a savings account (at the same bank that you have your business accot) in both of your names for the employer to transfer the money into. Then on the same day the transfer is made (which should be the same each time) you can transfer online to your individual business account. Therefore the renter or mortgagee never has access to the money, but you get your payments timely and guaranteed as long as they have a job.

I just suggested it to one of my "slow payers" and she was fine with it. It acutally helps them budget their money better and they don't wind up having to pay late fees.

I'm glad you shared that with us. I haven't attended any meetings here although I did in Tucson. Due to my work schedule I'm not able to attend, but if there are any meetings while I'm on break I will be there! We're glad you're a part of our family too!!!

Thanks for reiterating what I have read previously. I guess it is time for me to give up a night of one of my fun activities in order to network with other like-minded investors.

Your advice is appreciated!

Thanks for the kudo's on the post. I tend to get carried away with what I am trying to say.....Jan

I'm also from NY and am new to investing (still waiting for my book to arrive)I would love to join a REI group would you be able to tell me how/where to find these groups? Thanks in advance

Hey Crystal
Check out this site and maybe it will lead you to an investors meeting in your area.
http://ibd.meetup.com/49/
Sissy

Thank you so much for the link.

I love it! I just posted this SAME EXACT Information(basically the same) about how REI Groups are the Absolute BEST way to find your "End Buyers" and learn, period(well, and this site, of course). Second, It's also the FASTEST way to Promote your Real Estate Business WITHOUT REJECTION or DILUTED OPINIONS, I'm telling ALL OF YOU GUYS, these meetings are worth THOUSANDS of Dollars, so that Little Fee that they charge.....PAY IT! Because, if your a WHOLESALER like me, you can get Rid of properties to Rehabbers in Hours at these Meetings. The Meetings WILL NOT come to you, you NEED to get off your A$%! and take Friggin' Action! Thiers also Hard Money Lenders and Title Companys that are there EVERY Single time, just go one time and you'll see, oh and your first meeting is FREE, SULLY

P.S. Good post, Jan.

thank you sis for that link its the best found alot of people tonite that are about making money and helping me out i have a meeting tommorw with one investor that was the best link you could have put up thank you

Thanks for the back-up Sully. Like I said, IT'S the 2nd best move that I've made....Jan

I am in the Atlanta, GA area. And I was wondering if anybody knew of any good REI clubs or could at least point me in the right direction? Plus is it a good idea to go so soon? I am just beginning and still waiting on my book.

REI clubs are definately good to join. I had joined earlier this year, but time has been my main obstacle.

Hello,

I am looking for any Real Estate Clubs in Northwest Indiana. Can anyone share if there are any clubs in this area. I have found some clubs in Chicago, however the market in NWI is a different market. Thanks

Hi Joe
Check out www.meetup.com . They seem to have a lot of real estate club meetings listed for each state.
Sissy

Greetings DG Family,
Here is another great link for REI Clubs by state

http://www.realestateradiousa.com/blog/free-tools/list-of-national-real-...

how exactly do I find out if there is an REI Club in my area? I mean thats not exactly something i can find in the phone book right? I tried google but came up with nothing. Could I get info at the courthouse maybe? please some suggestions would be greatly appreicated

You might start by posting a comment here. Ask if there is anyone participating in your area. Contined success............Lubertha

click on the link from sissy on post# 14 on this page.
That is where I get all the REI club info from in my area.

Has anyone been to one in Los Angeles?

I will completly agree with the value of REI Clubs all over the country. Through networking and talking with investors around the country, I hear constantly the same thing,,, Real Estate Investor clubs are probably one of the best places that you can begin your networking. Being able to meet with other "Like minded Investors" and professionals who are doing the same thing you are doing is going to be such a huge value to anyone getting started. Investor clubs are also a great place to find people to work with including real estate agents and mortgage brokers. It is rarly a problem to find a real estate agent who is able to give you listings of properties being sold, but finding a real estate agent who has experience working with investors is going to be more important than anything. If you are starting your networking process and want to start in one place, make it a REI club. Probably one of the most effective ways to begin building your investing teams. Good Luck!