No matter what level of commercial real estate expertise you have, it’s helpful to network with other investors who can help you reach your goals. Enter real estate investing clubs, groups, and associations.
Real estate investing clubs serve a few purposes -- and each club may have a specific focus. You'll find groups for networking, education, deal funding, and more.
Not all members of these groups purchase property directly. Clubs also include accountants, lawyers, agents, lenders, wholesalers, and bankers -- all crucial players in real estate transactions.
Getting to know these and other investors before you actually need them may lead to smoother future transactions. You’ll already have an arsenal of resources to tap.
Real estate investing clubs can also be a good way to find partners you can purchase property, crowdfund projects, or syndicate deals with.
A club could be a handful of people or hundreds, all with their own stories and journeys to share. A club can help you the easy way -- others can tell you about their experiences so you don't make their mistakes. They can also offer educational opportunities that you may find useful. You might see seminars on legal trends, legislative updates, or financing.
Find a real estate investing club near you
You can find a local real estate investing club through the National Real Estate Investors Association (NREIA). You can also ask around within your own network to see who belongs to a club, if they like it, and what it's all about.
There are virtual real estate investing groups or clubs that meet online, but you may get more out of it by meeting people in person. After all, real estate is local, so keeping in touch with those who work near you and putting faces to names could give you a better shot at sourcing off-market deals. You can use those connections to create meaningful, long-lasting business relationships.