Real Estate Clubs Hot Among Investors - Answering Service Resources

Home
>
Investing
>
Real Estate Clubs Hot Among Investors

Real Estate Clubs Hot Among Investors

Six or seven years ago, the stock market was booming, Internet companies that no one had ever heard of were valued at billions of dollars, and anyone and everyone was investing their money in tech stocks. Then, in 2000, the stock market crashed, the Internet companies closed their doors, investors lost trillions of dollars, and life went back to normal, more or less. Five years later, tech stocks are nowhere near their 2000 peaks, but investors are salivating again. This time, they're putting their money in real estate, and they're forming real estate clubs to help them achieve greater success.

There were investment clubs in the 1990's, where a group of people with common investing interests met regularly, pooled their money, and invested in stocks as a group. A few of them did well enough that they made national news. Now the equivalent is the real estate club, but in these clubs, it's every person for themselves. Rather than pooling money for common investments, members meet to share advice, lessons learned, and stories of their latest acquisitions. It's difficult to say how many real estate clubs exist in the United States, but estimates suggest that there may be thousands of them. Real estate prices are at record levels, particularly on the East and West coasts, homeowners have record amounts of equity in their homes, and with the stock market still crawling along, people are putting money in real estate and helping each other do it.

The typical real estate club has anywhere from a handful to several hundred members, and they typically meet once a month or so to share their experiences. Those who have been investing for years can share what they've learned with newcomers ? how to invest, how to avoid risk and minimize losses, how to find quality properties, and how to deal with the legal aspects of real estate investing. Many members are interested in learning how to buy prepare a "fixer upper" for market. That particular area of investing has a lot of potential pitfalls, and can easily turn into a money drain for those who aren't careful, and stories of what to do and what to avoid are common.

Real estate clubs are popular across the country, and not just in areas with rapidly rising real estate prices. Those who are interested in meeting with others to learn about real estate speculation can probably ask a local realtor for information. Otherwise, type "real estate club" into your favorite Internet search engine, and you will undoubtedly find a club in your area.

Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.

In The News:

Fidelity hires new head of personal investing
Boston Globe, United States - 12 hours ago
Fidelity Investments has hired ING Groep NV's Kathleen Murphy as president of its personal investing unit. Murphy, 45, will start at Fidelity on Jan. ...
Highest-Level Executive In State To Leave ING Hartford Courant
ING to split annuities and retirement units InvestmentNews
all 4 news articles

Forget the Investing Gene
Motley Fool - 37 minutes ago
Just as some parents will inevitably use this test as the sole reason to keep their kids from certain sports, we sometimes keep ourselves from investing for ...

Seattle Post Intelligencer
Dump the CEOs Before Investing in US Industry
OpEdNews, PA - 35 minutes ago
... investment banking, airlines, automakers, credit-card companies, or raw material producers will result in predictable repetition of the dismal patterns ...
Video: Chrysler Exec: Failure Could Spark Depression AssociatedPress
Valuing Lemons: GM and Ford Wall Street Journal Blogs
Bankruptcy for Big Three should be an option Metro Spirit
Chicago Tribuneall 1,981 news articles

UPDATE 1-Baosteel to speed overseas investment, eyes Spain
Reuters - 7 hours ago
By Alison Leung HONG KONG, Dec 5 (Reuters) - Baosteel Group, China's largest steelmaker, plans to speed up overseas investment to take advantage of lower ...
Baosteel May Delay $4 Billion Vale Slab Venture By Nine Months Bloomberg
all 6 news articles

Global Investing Roundups
Money Morning - 7 hours ago
AT&T Inc. (T) said it would scale back 12000 jobs, about 4% of its workforce, between now and the end of 2009 to fight "economic pressures, ...

Telegraph.co.uk
CIC Head Wary of Investing in Western Banks
Wall Street Journal - Dec 2, 2008
Lou Jiwei, who head's China Investment Corp., said the uncertainty surrounding Western banks and the policy decisions that may determine their fate makes it ...
CIC weary of Western banks Thomson Merger News (registration)
China's sovereign wealth fund to avoid western financial firms: report AFP
CIC Now Very Wary of Investment in Foreign Financial Firms ChinaStakes.com
Reuters - In-Forumall 274 news articles

GoldMorgan Stanley, Investing For Deflation, And ETFs Gain By Default
IndexUniverse.com, NY - 1 hour ago
... bonds slip further into negative territory, this article summarising some recent Merrill Lynch research, on investing for deflation, caught my eye. ...

slow and steady investing
CNNMoney.com - 16 hours ago
Investor Daily: During the flat market of 1966-1982, investors who kept investing every month earned better returns. By Adam Lashinsky, senior writer SAN ...

Investing in Pure-Play Companies
Motley Fool - 32 minutes ago
By Selena Maranjian I've written before about the advantages of concentrated or "focused" investing. Focusing your investing attention and dollars just ...

Ball State Investing $17.7M In Emerging Media Reseach Initiative
Broadcast Newsroom, CA - 16 hours ago
By John Eggerton Ball State is in investing $17.7 million in a new Emerging Media reseach initiative. The goal of the initiative, funded with money from the ...

investing - Google News

Answering Service ResourceAnswering Service Resource