Related Posts
DM me for a referral!
Bain & Company My 13 YO is taking Career and Tech. She is dead set on diving for Michigan. What are her chances of getting hired from MBB with a degree from UM? Or would she need her MBA first? Is a Michigan degree good enough to get you into a top MBA program?
McKinsey & Company Boston Consulting Group Bain & Company University of Michigan
Additional Posts in The Real Estate Bowl
Visual Storyteller
Best way to start wholesaling real estate?
Any Property Management recs in Seattle area? :(
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
My husband goes to them regularly and I tag along sometimes. I’ve never seen a sales pitch like you are concerned about. It’s basically just networking. Some have a more formal part where people who have deals available announce them. Another group we go to meets at a different property each month that someone in the group is working on. They present the details of the project and answer questions. There’s free lunch paid for by sponsors, so they usually get a shout out, but no one is pushy.
Subject Expert
$50k won’t get you much in any state, especially if you expect to have to put money into it. You’ll likely need to learn how to either raise private capital or invest in other people’s deals where you’re just a passive investor.
Are you an accredited investor?
Subject Expert
“Raise private capital” is the OPM route. But I wouldn’t suggest that route for your first deal. Very few people will give you money to do something youve never done yourself before.
Subject Expert
What are you hoping to get out of them? If you go into them with a specific need, you might find what you are looking for. IE sourcing leads, finding someone who will do a specific type of loan (vet, DSCR, construction, etc.). I went to a few that were supposed to be investor focused, and it was a lot of people telling war stories of the good ol days and talking about how the same strategies don’t work now.
Subject Expert
Well a majority of people who attend those meetups are doing RE full time, so they don’t know how to turn that “sales” mode off. That’s the nature of real estate in that it’s an “always happening” type of world
If you’re looking for education, I’d suggest trying to learn as much as possible on your own, then deciding what route you want to go down. If you just want to be a passive investor, then finding someone who takes on limited partners for their business is a good route to go. There’s hundreds if not thousands of people who take on investors like that. If you want to buy your own real estate to rent out long term or short term, or flip, or BRRRR, there’s plenty of content online that will tell you how to do all that. No need to go to a local real estate meetup unless you’re looking for someone with specific expertise in that market.
San Diego is a very expensive market, so I think you’re better off looking to invest remotely in other markets unless you have big money to spend out of the the gate, and/or have distinct ties to contractors or partners who are already up and running there
Thanks A1/SPM1. I have learned a lot. You are correct in that I am in a pricey city/state. For my first investment, I want a physical unit (eg rental, BRRRR, fix/flip, SFH, duplex etc).
BUT, I only have about $50k to invest…no passive investment yet.
I would go and meet people and ask what they do. Say you are a potential investor. You don’t have to say how much money you have. Try to talk to other investors and ask a lot of questions. In my area, there is someone who connects investors with vetted deals. You can invest as little as $10k. People like that or experienced investors are helpful to meet.
Extremely valuable!! You get to know contractors and handy people as well as other investors. Whenever I travel I try to find them as well just to learn from others and so I can write off the trip, lol.