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Real
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Article:
Real Estate Clubs Hot Among Investors
By: Charles Essmeier
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.
About the Author:
©Copyright 2005 by Retro Marketing. Charles Essmeier is the
owner of Retro Marketing, a firm devoted to informational Websites,
including http://www.End-Your-Debt.com,
a Website devoted to debt consolidation information and http://www.HomeEquityHelp.net,
a site devoted to information on home equity loans.
Source:
www.isnare.com
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