The problem for many investors is that real estate investing groups can charge monthly fees up to $100 which eats away at any return on the investment.
It’s easier than you think to start your own real estate investment club, benefiting from the power of the group but saving money in the process.
Real estate investment groups benefit by bringing together different people that can all bring their expertise including investment analysts, accountants, lawyers, negotiating and closing specialists, and contractors.
It's much better to start your own real estate investment club. First, the for-profit membership groups really don’t provide anything but organization. You can find all the information online and for free.
Real estate crowdfunding is a type of equity crowdfunding. You are either loaning a real estate developer money or investing in their project. You get a legal ownership of the property and returns.
Your real estate investment group can help decide where and how you want to invest. It’s a good idea to invest in properties across at least a few different cities.
The internet and real estate crowdfunding has made the process a lot easier. I would suggest assigning each person in your real estate investment group a different website to follow for deals.
Understand that you don’t need dozens of group members, especially if you plan on keeping the club informal, but members do need to be engaged enough that they contribute to combined knowledge.