Your local real estate investment clubs or associations will educate you. It won’t be book education, but useful knowledge about your local real estate market. The people there are investors, many who have gotten wealthy investing right in your town. This means you’ll get meaningful and specific advice on what is working in your area, where to go for an inspector or property manager, and many other tips and based on real experience.
There are also the actual money-making opportunities that you’ll find. People there may need a partner with money, or a partner with time to find deals. Some have properties for sale and want to save the sales commission by selling to one of the members. Also, if you have a business that’s in any way related to real estate, you can make valuable contacts. Handyman or landscapers can often find business at our local real estate investment club meetings.
Real Estate Investment Clubs – An Example
The local association that my wife and I belong to is AZREIA, or “The Arizona Real Estate Investors Association.” I’ll tell you a little about it. If you don’t have a similar...