span Estate Investor Associations
class="cap">I n a (REIA)? Membership is on the
recent blog by Floyd decline in many areas of the
Norris, chief financial country. Real estate isn’t as
correspondent of the New York sexy as it once was, and gone are
Times and International Herald the days of buy high and sell
Tribune, he listed the 4th higher. It seems that we are back
quarter market declines in to fundamentals. Investors aren’t
housing prices and then stated; speculators and, pre-construction
“It is also the worst quarter investing in condos and
these indexes have seen for 17 of residences is almost dead in
the 20 markets.” Florida, Las Vegas and other
size="-2">http://norris.blogs.nyt Lost is the luster of quick
imes.com/2008/02/26/home-price-pl riches, and that may be a good
unge-accelerates/
thing for those left standing
Not to beat a dead horse but after the mortgage music stopped.
there are quite a few negatives Many associations are having
in the news such as the money trouble meeting budgets based on
being spent in IRAQ, the the old revenue model of bringing
declining dollar vs. other speakers in and then splitting
currencies, consumer confidence the profits based on product
numbers, inflation fears and a sales of “how to” techniques.
continuation of the billions of Members are tired of being sold
dollars in losses due to the “how to” books and CDs at every
mortgage melt down. Oh, and did I meeting. Newbie members are
mention oil at an all time high dropping off in record numbers,
with worries of inflation as leaving a void for gurus because
icing on the cake?
more mature investors have either
What does this mean for Real purchased the products before or
already have a defined way of critical to long-term success.
making investments. Using technology to help in this
So, where does that leave REIA arena will be a key factor in
leadership? Do the words change staying viable as an
or die ring a bell? Real estate organization. Competition for the
investors (our members) want to investor is creeping up online
be successful. They expect more from local, regional and national
than education. They want access sources.
to deals, resources to fund
REIA groups need to do a
deals, and even coaches and better job of getting their
mentors to help them through message out, and now is the time
their first few deals. Fear is for people to consider the
the main culprit that continues purchase of investment property.
to inhibit newbie investors from I always ask my students if they
doing deals and making would like to buy their clothes
profit.
from department stores – when
REIA leadership can look to they are full price or when they
non profit housing providers in go on sale? I am guessing that in
the community for collaborative almost every part of the country,
efforts on meeting the needs of real estate investors can find
low to moderate income people. properties “on sale”. Can we help
Investors have housing and non facilitate that process of
profits have people that need finding, funding, fixing and
housing. Putting them together flipping properties? (Flipping
makes sense for the economic can mean to your own portfolio as
benefit of both parties.
a rental or to another investor
Investor networking is more for a quick sale).
important than ever. Putting
Improving the governing of the
deals, funding, expertise, and REIA is something everyone should
willing investors together is consider. New blood and new ideas
can reinvigorate the “good old "http://www.isnare.com/adsense-al
boy” mentality of the REIA as a t-728x90.php";
social club. As Bob Dylan kindly
pointed out….”and the times, they google_ad_width = 728;
are a changin”.
For more ideas on how to google_ad_height = 90;
improve your Real Estate
Investors Association, please google_ad_format =
email me at "728x90_as";
Larry@RoadHomeBuilders.com
google_ad_type = "text";
border-color: #FFFFFF;
background-color: #F5F7FB; google_color_border =
border-left: #BAC9FF 1px solid; "F5F7FB";
border-right: #BAC9FF 1px solid;
margin-top: 5px; margin-bottom: google_color_bg = "F5F7FB";
10px;" valign="top"
align="center"> google_color_link =
"0000FF";
type="text/javascript">
type="text/javascript"
src="http://pagead2.googlesyndica
tion.com/pagead/show_ads.js">
About the Author:
Larry Haines is the president of the New Orleans Real Estate Investors Association and the Managing Partner of Road Home Builders, LLC. For ideas on how to improve your REIA, please email larry@roadhomebuilders.com or Visit Road Home Builders or Visit Real Estate Case Studies
Article Tags: deals, housing, investors
