Types of Real Estate Club Meetings

When it becomes time to decide how we are going to spend our time learning about real estate and developing our connections we realize that we should start attending a local REIC.  A lot of conversation about REIC’s are about what to say to other investors, how to make connections, what not to do and so forth.  But no-one really talks about the types of REIC meetings!  Good thing I am here!

Educational:

  • Meeting Space: Hotel/Motel, Conference Room, School, or Library
  • Main Event: A Speaker will be talking about Domain Knowledge for about an hour or so usually with a some sort of presentation like a video or power-point presentation
  • Time Frame: Usually 2 hrs long
  • Benefit: Domain Knowledge! Be sure to come with questions about the topic being discussed
  • Attendees: You are going to get a lot of looky-lous, and wanna-be investors.  Real Investors might be there if the speaker has a reputation or are interested in the topic
  • Other: Often times there will be vendors to help cover the cost of getting the speaker to the club. If the topic is a niche that interests you, it’s a great opportunity to be focused on your niche.

Retail:

  • Meeting Space: Hotel/Motel, Conference Room, School, or Library
  • Main Event: A Guru will be invited to the club to talk about their program, they are going to discuss how their system is the one that is going to take you to the next level.
  • Time Frame: Usually 2 hrs long
  • Benefit: Discovery of new systems and methods of being an investor and usually  twist on the standard model.
  • Attendees: You are going to get a lot of looky-lous, and wanna-be investors.

Networking:

  • Meeting Space: Restaurant, Coffee-house, or a bar
  • Main Event: Meeting new people and catching up with other investors
  • Time Frame: Between an hour to two, usually includes time to eat
  • Benefit: Meeting new people who can help your investing career, from other investors to vendors who are looking to work with investors.
  • Attendees: Here you are going to meet people who have one or two properties, getting into investing and looking to build their team, and vendors looking to find new clients

Mastermind:

  • Meeting Space: Restaurant, Coffee-house, or a bar
  • Main Event: Talking about current deals, and giving/getting advice
  • Time Frame: Between an hour to two, usually includes a meeting time
  • Benefit: Getting advice on your deals
  • Attendees: Active Investors who enjoy sharing their experiences and helping each other out.

These of course are not strict definitions, most clubs are going to have a mix of each at each meeting.  And if a club is mostly doing guru-selling then they are not giving active investors much help and are instead a sales team. Otherwise most of the clubs will give you different types of meetings to keep you coming back.  A club should provide you with time to network;  We are in the people game.  No matter what niche you are in, you need some of the other niche players to continue to expand your real estate empire.

One of the ideas that I have been tossing around to one of my REIC leaders is more of a Panel Conversation like you’d have at a convention.  Why have one Lawyer or one Agent, or even one Flipper speaking to the club?  Why not have 3 of them up there and hold a conversation about a topic.  The club could ask pointed questions about the topic.

Have you been to a club that is significantly different from any of these types? What benefits have you gained from attending your local club?

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