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Your Local Real Estate Club May Hold the Answers!
By Jimmy V. Reed
So why spend your hard-earned money going to a local real estate club? And which clubs should I attend? Why not just search out the answers to all my questions on the internet? Even better, there are so many YouTube videos out there. I can just learn everything that way. Well, all I can say is Good Luck!
You see, real estate investing is a business and yes you can learn a lot of things online, however, not everything online is as it seems to suggest. I’ve been investing for nearly forty years in Fort Worth, Texas. I have seen a lot of investors come and go. And all were supposably real estate experts. The key to many experts is what they have survived! See, there is still a lot of get-rich-quick folks out there but it’s harder to spot them. With today’s technology, they all seem to be experts because they are so savvy at social media marketing.
Many of today’s gurus are all social media sensations with hundreds of thousands of followers and video views. But have they really got the experience you need to survive the ever-changing real estate market?
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Well, that is where your local real estate club comes in. You see, many clubs will bring in local experts and national experts in certain fields of real estate investing. These experts can give you the knowledge in specific areas based on their experience in real estate. Now the other side to this is, is the club a good club? Are they bringing in the Warren Buffett’s of real estate or someone who has been in it a few years and made a lot of money selling you their trainings? Now I am totally for good training, and no its never Free. There is always something downstream they are going to hook you on that costs money. Now I say this just so you understand training can be great, just know it does cost. I prefer to know right up front so I can focus on what they are selling and how or if it can help me.
That’s life. People pay to go to school to be surgeons, architects, pilots, etc.… Would you want a pilot who learned everything online to fly you across country? Your flight will be his first real life experience of flying, in the air! How about brain surgery from a doctor who learned online, and you are only his 5th patient! I don’t think so. I want the person with the most real-life experience doing all these things. The same goes for real estate investing. I want those who have survived the ups and downs of real estate investing to teach me what to do and when. I want to learn how to avoid the pitfalls.
Now why attend a live meeting versus an online one? Well, in business, most folks with money want to see who they might be working with. Are you a professional or are you just a person looking and acting as though you know what you are doing. I have to say, so many people solicit online for deals and money, and you can ask them a few questions and they have no clue to the answer.
That’s why live meeting with great networking will show the seasoned investors you should be committed to learning from and not just those trying to get rich quick at any cost. Meeting people in person is still the most effective way to see their expressions when asking questions, and if you’re new, let them know. Everyone was new once in investing. What we don’t want is someone wasting our time.
Now clubs can be new or have been around forever. I like the been around forever ones, especially since my club www.1REclub.com has been around forever. But mainly, you meet a lot of investors who have survived different cycles of real estate and can help guide you on what to look out for or be ready to make move on.
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At 1REclub, we do bring in about 4 national speakers a year, and yes, they are offering a specialized training for sale. That’s good since they most likely have done that specialized type of investing for years. But just because they are selling something does not mean you have to buy it. However, my experience has been you are going to pay one way or the other. It’s the other that can put you out of business quick! Just like college, they charge you. By the way, once you start investing in real estate, you are in sales!
Now over my career, I’ve learned I’m the kind of investor who pays for others to teach me quick. I’ve learned the most valuable asset I have is TIME! And I don’t want to waste it trying to save a few bucks. I’ll pay to get started now instead of learning from all the mistakes you will eventually make.
Another thing to look for at clubs is how they operate. If it’s all about food, drinks, partying, talking trash about the other clubs, usually that’s the club trying to sell you something while hooking you with all that FREE stuff! Nothing wrong with free stuff, but it does train your mind to have a broke mentality or a socialism mindset. And in America, we are capitalists! It’s why others around the world want to come here.
Now, at our club, we do have a great networking dinner after the meeting down the street at a local Catina. We all go eat drink and network with all the vendors that support our club. We have REALTORS®, hard money lenders, property managers, roofers and so on. You can sit next to these experts and pick their brains about real estate investing.
Each month, we have different topics on real estate investing from Wholesaling, Finding Deals via Probate, Foreclosures, Owner Financing, Creating the Note & Selling Notes, eviction judges who teach us how to do evictions the correct way, so you do not waste your time! And we have trainings on apartments, syndications, shared housing VRBO & Airbnb. new construction, rehabs and so on! We even do infield trainings at our club via our Platinum and Diamond Trainings. We also have online only trainings. We even do bus trips every couple of years.
So, by attending a good local club that has been around a few years, you could hang out with experts in different areas of real estate expertise. You can go out and eat a meal with them. Think if you asked to spend time with an attorney for an hour or two, that could cost you up to $300 an hour or more. Maybe you decide that you want to go in the field and let some experts take you by the hand and teach you what to do. Well, that’s what we do at www.1REclub.com. We want to network so well that our students are making money with us and bring deals to the club so we can do more deals within the network. There is a great scripture I use all the time when I’m teaching at the club or in the field; it’s an all-around great scripture. It is…
Ecclesiastes 4:9-10
9 Two are better than one,
because they have a good return for their labor:
10 If either of them falls down, one can help the other up.
I also like to use this scripture which may not be completely in context, but it makes so much sense from a business mindset, Hosea 4:6 …my people are destroyed from lack of knowledge.
In closing, keep in mind that you can move extremely faster by not wasting time focusing on what’s FREE. I like to tell my students this, “The More I Know, The More I’m Worth”.
Be sure to check out our trainings at www.JimmyReed.net or www.1REclub.com
If you live outside of Texas, you can still be a part of 1REclub online. We have a private Facebook Group for Annual Members so they can catch a replay if they happen to miss the meeting. Again, in-person is always the best but if you live too far away, something is better than nothing!
If you do live outside of Texas, we can also have you do online training with us known as 3 Trainings to Wealth. This training is a full day of Wholesale, another full day of Probate, and the 3rd day is Becoming Debt Free. You have my cell number to call for any help.
With our Platinum Membership, you can do you training online, then fly in for the 4 infield dates. Usually, these are scheduled every other month, but we can work with you.
See you at the real estate club and maybe I might be speaking at yours soon!
Look forward to working with you soon. The Possibilities are Endless!
God Bless You & Your Success!
Jimmy Reed
Investor-Mentor-Trainer
Jimmy V. Reed
Jimmy V. Reed of Fort Worth, Texas has been investing in real estate since 1987. In 1991, he started conducting full-day training sessions on wholesaling. He then began teaching and mentoring others throughout the country. He is currently the founder of the Fort Worth R.E. club www.1REclub.com and has his own real estate training company that includes Wholesale, Probate, Mentoring & a Biblically based Debt Free training course and more!
More info available at www.JimmyReed.net
