Property investment can be a lonely business, but it doesn’t have to be this way. Surround yourself with people who have similar dreams, desires and ambitions, and you’ll find you have access to like-minded investors with a wealth of experience. So how do you meet other property investors?
The best way to meet other property investors is by networking and attending events. You can connect with property investors online, but a better approach is to attend in-person events.
While it isn’t always practical to visit an in person event, the value makes it well worth it if you can make it. In the UK we’re lucky enough to have access to the property investors network, a place to become a more successful investor via networking meetings.
That isn’t the only method. Another is to connect with them through your current personal or professional network. Put a post out on social media and professional networking sites such as LinkedIn, you might be surprised how many people you know have dealings with the property sector.
What are the benefits of networking?
Networking is one of those things everyone knows they should do, but no one ever does.
It doesn’t matter whether you’re an entrepreneur, small business owner, real estate investor, or any other professional, networking is essential to success.
Here are five benefits of networking with other real estate investors.
Networking Helps Build Relationships
Networking helps you develop relationships with other real estate investors, which leads to referrals and opportunities.
For example, if you network with another real estate investor, they may approach you with an opportunity to purchase a property from them directly.
Networking Provides Opportunities to Learn New Things
As mentioned above, networking provides opportunities to learn new things. If you don’t know much about investing, networking gives you the chance to ask questions and find answers.
This can lead to learning new things and growing your knowledge base.
Networking Gives You Access to Resources
Networking gives you access to resources such as books, websites, seminars, training programs, and more.
These resources can give you insight into topics you didn’t know existed. They can also provide the information you need to succeed in real estate investing.
Networking Improves Your Reputation
When you network with others in your industry, you can leave an impression and be more than just a name on an internet forum.
They’ll remember you and have a better understanding of what you’re about, how they can help you and how you can help them.
As a result, you’ll improve your reputation among other real estate investors. And this will benefit you in the future.
Networking Makes You More Valuable
By building relationships with other real estate professionals, you become more valuable to potential partners.
You’ll have the contacts to get things done; you’ll know who to speak to and who to recommend when others come to you for help.
What resources are available for property investors?
Property investment can be a lonely journey, but it doesn’t have to be.
Go to Property Investment Events
While researching via your computer will get you a lot of great information, it’s no substitute for speaking to others in the same field as you.
Property networking events are held all over the UK throughout the year. These events are not designed for selling property; instead, they’re educational with a focus on how to reduce your risk and maximise your return.
You may also find local groups and events by searching on platforms such as Facebook. Keep in mind that pin meetings are designed to be educational; be careful of local groups being nothing more than “pitch fests”. These are events where people try to sell you something without actually getting to know you or your goals. If you feel like you’re being sold to, it’s probably best to move on and find another event.
Join an Online Property Forums
While not as effective as in person events, joining in the online conversation can be a great way to connect with other investors.
Search for groups on LinkedIn, Facebook and Reddit, get involved with the conversations, ask questions, you’ll soon learn about different investment strategies and get advice from experienced investors.
You might also find out about new investment opportunities and in person events to help you connect with other like-minded individuals.
Follow Industry Leaders on Social Media
You can follow industry leaders on social media to connect with other real estate investors. You can find these leaders by searching for hashtags such as #realestateinvestor or #propertyinvestor.
Once you find these leaders, you can follow them and engage with their content. Many of these leaders will have a large network of other real estate investors that you can connect with.
If you are looking to make contact, perhaps investors for a partnership, you will usually find this is possible via their social media profiles such as on Facebook and LinkedIn, or via any website they have.
Social media networks allow you to search for people with specific keywords, such as “real estate investor.” You can evaluate if they’re someone that can help with your project and reach out to them to see if they’re interested in working with you.
Read Industry Publications
In the digital age, an industry publication might seem a little old-fashioned, but you can get a lot of great information from niche-specific magazines.
If you’ve gone all in on the digital world, check out readly.com, which is like Netflix, but for magazines.
Magazines usually operate on an advertisement model, which means you may see adverts for different events and opportunities.
How to prepare for your property journey
If you’re new to property investment, it’s a wise decision to take a step back and do some prep work before diving in head first with any purchases.
Do Your Homework
It is important to do your homework before investing in property. You need to know what you’re getting into, and that means understanding the risks as well as the potential rewards. Make sure you understand the basics of property investment before putting any money down.
It is important to study the wider property market before investing in property. This will give you a good idea of where prices are heading, and whether now is a good time to buy or not. Look at trends over the past few years, and talk to other investors and real estate agents to get their views.
It is important to drill down on the local area and property type before investing in property. Not all areas are created equal, and some types of properties perform better than others over time. Do your research so that you know what you’re buying into.
This is where property networking events can be hugely beneficial: you can talk to other private investors in your local area about their property journey and how they conduct their own research.
Have a Solid Investment Plan
You must have a solid investment plan before you start investing in property. This means that you need to know what your goals are for the investment, how much money you are willing to invest, and what type of property you are interested in.
You must have a solid financial background before you start investing in property. This means having a good credit score and being able to show that you have the ability to repay any loans that you take out.
Financially, it’s important to have enough money saved up for a deposit and for renovation work.
Learn more in our Property investment for beginners guide.
Be Willing to Take Risks
Property isn’t a get rich quick scheme, and you must be willing to take risks. Many people are afraid to take risks when it comes to their money, but in order to make money, you have to be willing to risk it.
Consider getting independent financial advice when investing in property. Many people choose to go with a financial advisor when they’re first starting out, but you don’t necessarily need one. You can find plenty of information online about investing in property, and there are a number of different strategies that you can use. However, if you’re not sure where to start, or if you want someone to help you manage your investments, then consider getting some independent financial advice.
When I started my property investing journey there were few resources available to help out, which is why I created this website and why Simon Zutshi established property investment network meetings.
By connecting with others in the property sector, you can supercharge your understanding of the real estate market.
Plus it never hurts to make friends with professional investors; you never know when that friendship might turn into a lucrative opportunity.