Starting a local investment club is a great way to meet new people, get a feeling for the local market, and potentially finding new investors to work with you in buying bigger properties. Here are five tips for doing so:
1. Talk to local banks, lenders, etc. They know who the old guard and the new guard of investors are in your area.
2. Meet at least once a month. Have some type of social to ensure everyone gets to meet one another and know who they are.
3. Consider setting up a website. This will allow members to keep in touch and will allow potential members to know about future meetings.
4. Get in contact with investors you personally know. You need a good size of people to just get the ball rolling. Think seven to ten people to start.
5. Encourage friendships, networking, and business relationships within the club.
Great idea!
We provide lots of information on setting up and operating an investment club on our website bivio.com
You’ll also find a discussion board where you can ask questions about investment clubs to members of our active and friendly community.
Laurie Frederiksen