Many investors I have listened to in the past have all said the same thing, Real Estate investing can not be done without a team. To be successful you must find people to help you get to the next level. Networking is key. If you are just getting started, it’s important to find people to give you understanding in the area you are focusing on. Make sure you find a coach.
When we purchased our first property we found our lending team helped give us step-by-step direction on how the lending process worked. This allowed us to see a little more of a picture of how the process worked and later helped us when we decided to make investing our career. Our Realtor was a great communicator who was constantly giving us updates on the real estate side, such as inspections, explained due diligence to us, and was great at staying up to date with our lender.
If you don’t understand to process you are going to enter into real estate blindly. Although it may teach you some lessons, it’s much less stressful and less discouraging to find people who have already made mistakes to teach you. This is why networking is so important.
Ways To Network
With everyone having access to the internet, it is much easier to find people to help coach you towards your goals. There are many groups on Facebook, you can join your local Real Estate Investor Association (REIA), or go to a meetup with like-minded individuals who will help you excel. Other ways you can get involved include; reading reviews of different coaches in the niche you are in or signing up for one of their programs.
What I like about Facebook is I can find a group in my area of people who have similar goals, some of whom have already made progress in areas I am interested in. I can ask them questions individually or post on the group. The group is great for getting more of an understanding of what I want to know about reliable contractors, cleaners, lenders, or anything else.
The Real Estate Investor Association has a selected time every month when a group of people like you meet in person to discuss different strategies for investing. It’s a great time to meet people exchange business cards, and network.
Although these are fantastic ways to network. If you are interested in investing, but don’t have a clue how to get started. It’s probably a good idea to find a coach who specializes in the strategy you are interested in pursuing. Bigger Pockets has different resources and guests that may help you find someone in your field of interest.
The first coaching group that I joined was Robert Kiyosaki’s Real Estate Cashflow Blueprint. This helped me get a good grasp of what real estate investing was all about. It didn’t go into the different variations of investing, but it provided me with the fuel I needed to go after my first deal.
If you are not ready for your first deal or even your next deal, networking and learning will help you achieve your goals and get you where you need to be.
