Tuesday, June 1, 2010

Networking at realestate investment clubs, it’s all in the preparation.

When you finally find the real estate investment association or clubs you want to check out, you are ready for the next step: preparing to attend.




Read the web site or call and find out where they meeting, what time to arrive, do they have pre or post meeting networking. For example some groups might meet for a meal before the event or go out for drinks after the meeting for extra networking, you may want to plan to attend if you have time.



During the networking, do they have vendors with tables or a table where people can place flyers? If so what are the rules regarding the tables or placing flyers? How many people typically attend? If there is a snow storm and the meeting is canceled, how do they get the word out? Is there a way you can attend your first meeting for free or a discount? How much does it cost to join?



No matter what the rules and regulations, you will definitely want to have business cards to take with you. If you are a service provider that offers services that the average person may want, those business cards would probably be great. You can drum up extra business at the meeting while you learn your way around.



But if you don’t currently have a need for a business card, you will want to get your first real estate investor business card. For your first one, if you don’t already know what you want to do in real estate investing, you may want to go with a cheap business card with basic contact information.



You can study up on what you want on a business card as you learn more about real estate investing and buy new ones as your needs change.



You may want to create a few flyers If you have already got your feet wet and have something to offer:

• An investment property for sale

• A private lending message

• A real estate investing service you offer

• Etc



Be sure to put your name and contact information on your flyer. I tell you this because many new investors bring flyers of properties to our meetings and while the deal looks great, there is no contact information on it anywhere. And usually it is a rule to have a name and contact info, not just a web site.



You will also want to get something to take notes. You will want something small that does not take up a lot of room and a working pen to write with. You will need this to take notes or write down info from people who don’t bring business cards.



Lastly, you may find you want to bring a friend. It is always easier to approach new people in a group setting if there are two of you. So if you have an interested friend attend together. You may even find you can join as a team and save money.



This article is a part of a series of articles to help new people and experienced people figure out how to utilize their REIA group and build their investing team. Please watch for our previous or upcoming articles:

1. Where to find a real estate investment club.

2. What to look for in a real estate investment club.

3. What to take with you to a real estate investment club meeting.

4. Get the most out of the vendors at the real estate investment club meeting.

5. Networking at the real estate investment club meeting.

6. Learning at the real estate investment club meeting.

7. Follow up after the real estate investment club meeting.

8. Beyond the real estate investment club meeting.

About the author: Kim Tucker is an active real estate investor in the Kansas City Metro area as well as the director of Mid-America Association of Real Estate Investors or MAREI. MAREI works exclusively with real estate investors who want to learn and success at real estate investing. Get more information at http://www.KansasCityREIA.com or http://www.MAREInet.com.

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