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 billions 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 put their money in real estate, real estate and they are more successful clubs to help them.
There were investment clubs in the 1990s, where a group of people with common interests invest regularly meet, pooled their money and invested in stocks as a group. A few of them did well enough that they made national news. Now it is the equivalent property club, but in these clubs, it's every man for himself. Rather than bundling money for collective investment, its members to share. Advice, lessons learned and stories of their newest additions It is difficult to say how much real estate clubs exist in the United States, but estimates suggest that there may be thousands of them. Property prices are at record levels, particularly in the East and West coasts, homeowners have record amounts of equity in their homes, and with the stock market still crawling along, people stabbing money in real estate and help each other do.
The typical real estate club has anywhere from a handful to several hundred members, and they usually meet once a month or so to share their experiences. Those who invest all can share what they have learned with newcomers for years - how to invest, how to avoid risks and minimize losses, how the quality characteristics, and how to deal with the legal aspects of finding real estate investing. Many members are interested in learning how to prepare to buy a "fixer-upper" for the market. That specific area of investing has many potential pitfalls, and can easily turn into a money drain for those who are not careful, and stories about what to do and what to avoid are common.
Property clubs are popular across the country, and not only in areas with rapidly rising real estate prices. Those who are interested in meeting with others to learn about real estate speculation may be a local broker to ask for information. Otherwise, type "real estate club" into your favorite internet search engine, and you will undoubtedly find a club in your area.
Copyright © 2005 Retro Marketing.
Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a website dedicated to debt consolidation information and Home Equity Help. net, a site dedicated to information on mortgage loans
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