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!

This is the first time this year that anyone has posted anything on here since Dec. of 09. I find that surprising seeing as a lot of people want to know about REI groups. I just tried to find some info about them on this thread and am hoping to receive it soon. I live in a small city pop. 23,000, in SE Iowa. I kind of wish there were closer groups but the closest is 88 miles away. If anyone knows of something closer let me know.

Go onto www.greenpearl.com and there is normally weekly get togethers and serious heavy hitter meetings you can attend

The best thing to do is not look at anyone there as better or more powerful than you, but someone who can help you and willing to work with someone just starting out or seasoned

As long as the potential to make money is there, anything is possible

I just called on a property on Craigslist...39k needs 3k in repairs rents for 1050.00 per month ARV 65k! Someone beat me to it...just SOLD. The good news after talking to this guy he does rehabbing and wholesaling. He told me about a Real Estate Investment Club that he belongs to. I will be joining next month...and he knows Carol Stinson. Pretty cool and such a small world. Well I feel like I am moving forward today. Just wanted to share that tidbit...
Barbara

website is shutdown and for sale phone is disconnected so dont have any in my area right now until I start one.

I just became a member of my local REI club...definitely the 2nd best decision after joining the DG family! Went to the first meeting for free but couldn't wait to pay to become a member! Their website is full of info, plus a great place to share my available properties, or buy/rent someone elses. I met other wholesalers, as well as flippers, agents, rehabers and buy & hold investors...WOW, what a wealth of knowledge...so glad it was suggested by my advisor. Next general meeting is solely dedicated to wholesaling properties and a special all-day seminar on wholesaling coming up for members only...I'm already signed up and raring to go! It's well worth your time and every buck invested if you have a local REI club near you!

Jan I agree 100% that was definately a great move for me as well. I have found several connections and grat info through them. The 3rd was to join my local REI club.

Hi!

My wife and I are new members of the DG family in Greenwich CT. Looking to network and find a REI club to join in our area.

Cheers!

I like most people couldnt find one, but I just did so I am excited to check this info out and will be following up to join up.Thanks all for caring and sharing

HI DG FAMILY, like you I was looking for a club and just got some info about where to find a club.I AM GIVING you a few sites that you can check that should lead you to a NY REI CLUB.
WWW.greenpearl.com
www.meetup.com
www.reiclub.com
www.teamixer.com
HOPE THIS HELPS. PEACE,SUCCESS AND HARMONY.

Hi DG Family
I to am from Brooklyn
and was looking for the same
info on the REI clubs
Thanks you.
lv u guys!