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Showing posts with label group. Show all posts

September 15, 2010

Do REIA Memberships Still Have a Pulse?

Hi Folks,
   As we move into mid-week, we have been speaking with some folks that are involved with and/or administer Real Estate Investing Associations (REIA), along with some other Real Estate Investing Club contacts.

   In doing so, I realized that this would be an interesting topic to cover, from the angle of membership, during these days of housing market and economic turmoil.

   One such individual, Jeremy Burgess, the owner of Renegade Detroit Investors, says that, "Attendance numbers have been consistent". Concurring with this statement is Marc Sherby, a board member of the Diversified Real Estate Investor Group (DIG) in Fort Washington, PA, who says that, "We are a fairly large group, currently with membership at about 1,000 members", and that, "Our membership is actually on the rise in the past 12 months."

   Burgess goes on to say that they are getting less "beginning real estate investors and more experienced real estate investors". He says that the more expert investors are attending the meeting, which was not the case before." Burgess cites the decrease in interest to the beginners as attributable to the fact that, "they don't see this as a viable option, and more interest from those who are more experienced but looking for an edge".

   In terms of a trend in membership over the past few years, Sherby says that in 2009, "membership numbers nationwide were in serious decline and some of the RE investing groups around the country were closing up", since membership was as, "decimated as the real estate market itself."

   Sherby says that their membership is growing stronger since they are stressing to their members that, "contrary to what you hear in the news, now is a great time to be investing in real estate.", and that they are using multiple techniques to attract and keep members, such as a monthly newsletter, email blasts, postcard and mailings.

   From my own personal perspective, for quite some time, I have done private speaking engagements, and as you all know, I recently announced that I will be giving public speaking appearances. Since we have made that announcement, we have been deluged with requests from REIAs (#REIA) and Real Estate Investor Groups (#RealEstateInvestor) for me to speak at their meetings, conventions, expos, cruises, etc. From the response I have received, it appears that there is still an active and hungry desire to learn more about Real Estate Investing.

   What can we take from all of this? Real Estate Investing is going strong, and if you want to get involved and learn more, or even brush up on your skills, contact your local REIA. Here is a very good directory of Real Estate Investing club/REIA directories that I want to share with you: http://www.larrygoins.com/reiadirectory.asp

   As always, the floor is open for your questions and comments...over to you!

Have a Great Day, and Happy Rent-to-Owning !!