I first met Ryan Carr at a Durham real estate networking event.
I believe most investors should already know Ryan. He’s been on my podcast more than anyone else, and he’s always up to something big, whether it’s writing articles about how to increase cash flow by renting out sheds, vertical splitting of a duplex, tiny homes, etc.
We went on to mastermind together, and I’ve learnt more advanced strategies like side-by-side duplexing, tiny homes, and hiring contractors to improve return on investment.
In the words of Porter Gale, “Your network is your net worth.”
This means that the more you connect with people in your field and expand your network, the wealthier you will be.
By expanding the number of qualified and experienced professionals that you are working with, you increase your overall chances of achieving the long-term financial stability you have been dreaming of.
So, the next question is, how do you expand your network as a real estate investor? The answer is simple. Take the time to go out and meet like-minded and interested people.
That is where networking events come in. By attending these events, you are taking the first step into a world of new business and investment opportunities – but just how helpful are these events? Let’s take a look.
Different Types of Networking Events
There are plenty of different types and styles of networking events.
Some can be very formal such as public seminars or structured meetings. Meanwhile, other events can be more free-flowing and fun, such as larger conferences or public meetups.
Much like how there are a variety of investment strategies for you to try and experiment with, you should be willing to attend different styles of networking events in order to find the one best suited to you and your goals.
Networking Events Create Opportunity
One of the biggest advantages of networking events is that typically every single person in attendance is there because they want to grow and do business.
This is incredibly beneficial because that means regardless of who you approach and strike up a conversation with, they are likely going to be receptive and willing to speak with you.
This environment creates opportunities, and for the investors willing to take the time and do the work, can be some of the most valuable hours they spend in their career.
If you are looking to learn more about a particular investment strategy or are curious about a specific market you have considered buying into, these gatherings create the opportunity for you to talk to people who have the answers you need.
Get a Meaningful Education
While there are plenty of valuable online sources that can help you build a solid foundation for your real estate investments. These resources can be incredibly valuable and may set you up for financial success, but there are always more opportunities to learn.
The housing market is constantly fluctuating, and the advice that is available online can sometimes be outdated – with articles that were written years prior still holding top spots on search engines.
However, at networking events, any speakers or panelists present are going to be sharing the most up-to-date information available to them.
This means you can not only rest easy knowing you are receiving the most meaningful education about current laws, trends and regulations, but you can also take the opportunity to ask questions and receive feedback from active professionals.
Generate Leads and Referrals
Another key benefit of attending networking events is the ability for you to generate your own leads and referrals. These can be tips on markets that are expected to grow, investment opportunities or the chance to be referred to contractors and other professionals that can help you achieve your investment goals.
For example, let’s say you are looking to invest in a city on the other side of the province because you have heard that the local market is going to expand within the next five years.
Typically, if you want to buy a home, you will want to work with a realtor who understands the market in that particular area. However, as an out-of-town investor, you may not necessarily know an agent who is familiar with that region.
So, by attending networking events, you may be able to connect with a realtor who will be able to help you find the best investment properties in that region.
For the investors who also work in real estate, these events may not only give you an opportunity to find and follow leads for your own investments, but they may help you find connections to work with and use to assist your clients in their own investments.
If you are a mortgage agent, these events are often full of realtors who want to direct their clients to a lender who will provide them with the best rates available. This provides you with the opportunity to connect with them and do business together in the future.
Networking Events and Joint Venture Deals
Some investments are simply too much for a single investor to handle. However, if you can partner with investors who may have experience in areas you typically struggle, those larger investments become significantly more manageable.
These deals made between multiple investors are called Joint Venture (JV) deals.
One of the biggest obstacles that investors face when pursuing JV deals is the difficulty of finding a fellow investor who has what they need to make the deal go through. Whether that is renovation experience, initial capital or down payment funds, or the property management experience necessary to achieve long-term success in the property.
However, at networking events, you have the opportunity to meet those same investors you would have otherwise struggled to find and connect with.
Network With Us
If you are looking for a place to begin expanding your personal and professional networks, look no further than the Infinity Wealth Investing Network.
At iWIN, we are dedicated to offering a wide variety of events suited to your investment needs.
Whether you are looking to walk around and enjoy an immersive learning experience on our Steet Smart Tours or sit down and learn new strategies with our free in-person real estate training courses.
As well, for those of you looking for the full experience, we also host a monthly real estate meet-up where you can expand your network while learning about the latest trends and investment opportunities from our amazing guest speakers.
So, if you are ready to get started or are simply looking for more information, you can visit us online at https://www.infinitywealth.ca/events
Happy Investing Everyone
Erwin
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