Saturday, June 26, 2010

Day 2 - Continued - Engaging new markets

We talked about 2 parts of our membership and I think you might be interested.

Our usually older and more experienced investors want to see more advanced topics.  One that was brought up was the 1031 Exchange and it was suggested to start an Exchange club.  I would love to hear from our more experienced investors as to what they would like to see at our meetings that would benefit them besides how to wholesale a house, how to rehab a house, etc.

Then we had 2 successful 20 something investors tell us how they think - and if you are a baby boomer it will help you understand your kids and or your grand kids
1)  The facebook and twitter thing is because they want to feel a part of a conected community, be a part of something bigger.

2)  They want to be a good member of that community - honest, integrity, green all very important to them.  One spoke of doing green rehabs, that he does, costs him more.  But he is also able to pull in a better quality tenant who will pay more because they are being better members of the community by being green.

3)  They like instant gratification, they don't want to work at a job 30 years to finally end up well of and in a good position, they want to be in that good position next year and many are very entreprenurial and turning down good jobs because it will not get them where they want to be fast enough.

That's it for notes for today.  I hope you  now understand how we as REIA group leaders think and have a new insight into your kids, grandkids, employess and Gen Y tenants and home buyers.

See you at the meeting in July -

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