Friday, 18 January 2013

Joining a Michigan Real Estate Investment Association

Inspect Your Michigan Real Estate Investment Association

For real estate investors are many real estate investment associations or clubs to choose from. Real estate investment clubs are different from real estate investment trusts or REITs. Investors can use the Internet to find local clubs and resources, or join an online club. The National Real Estate Investors Association, a non-profit trade association, is a good starting place. The links at the end of this article also offer list of Clubs in Michigan.

Think about what you want from a club or Association. Support, information, networking and motivation are some of the goals. But they're certainly not the only reasons to join.

You can identify the real purpose of any real estate investment club you consider joining. Attend a few meetings before you pay dues. You can ask questions about the clubs founders and their motives for setting up the club. Did they want to invest and learn together, or did they want to sell their products? Find out who the members are and what they do. Think about whether what they offer matches your goals. Search the internet and see what clubs and association come up.

Some more questions to ask would be:

  • Is club a non profit or set up not to make a profit off its members?
  • Is the club set up for education and networking?
  • Is the club for-profit or not-for-profit? Either structure can be legitimate, but you should know what you're getting into.
  • Will people making sales pitches for books, seminars or services hammer me?
  • Will the club focus on the kind of real estate I'm interested in?
  • How many serious investors belong to the club? Are they more experienced than I am, or are they mostly newbie's? You're likely to learn more from experienced investors.
  • Have the club's investors done well with investments over time?
  • What are the dues? Most clubs charge between $50 and $200 per year. More than that could be the sign of a scam. But you should also take a look at the club's other sources of money. If the club receives a commission from speakers who sell products or services, then the information from those speakers might be biased. Slightly higher membership dues might mean that you can get unbiased information.
  • Consider joining more than one Club.
  • Look to see if there are free Clubs in your area. Some clubs that are housed in low cost or no cost settings. For example the National Real Estate Network, LLC in Detroit Michigan is a no charge meeting at a Detroit College that does no selling. Check out this Real Estate group at http://www.MegaEveningEvent.com  

Now, investing in real estate is a big step to take alone. Sometimes club members form partnerships. A partnership might help you feel safer about your investment, or it might let you purchase more property than you could alone. But at least one advisor warns, "Watch out for sharks" -- people who promise to find you a deal in exchange for a chunk of the property's income. If someone suggests a partnership, be as thorough as you would for any other business transaction. Get the person's references, and find out about his or her history and credit.

For list of Clubs in Michigan you can go to:

 

http://www.megaeveningevent.com/real-estate-clubs/mi.php

 

 

About the National Real Estate Network, LLC Club Meetings:


The National Real Estate Network meets the 3rd Thursday of each month to give property investors, realtors and companies who provide real estate services the opportunity to network and learn from each other. The club is free to join, open to the public, and there are no pre-registration requirements. Simply show up at a meeting and enjoy the latest information from successful real estate entrepreneurs who are happy to share all their secrets to success.

Contact:

Mark Maupin
17177 Laurel Park Drive, N. Ste 142
Livonia, MI 48152
248-939-6232
Maupin.mark@gmail.com


Upcoming Events: http://www.MegaEveningEvent.com  or http://www.meetup.com/MegaEveningEvent-com  


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