Sunday, August 31, 2008

Started a new REI group for the Lowell Area

I had made a number of posts on different forums such as Richdad.com and Realestateinvestor.com looking for a local mentor to help me get started. I got some good advice and did meet and talk with a couple of people but I am still looking for that one experienced investor who will take me under their wing and help me with my first few deals.

A number of people recommended that I join and Real Estate Investors club in my area. I did some research and there are a few clubs. One seems to be based about 35 minutes away in the Leominster area. I will most likely attend some of their meetings. There is also a landlord association which seems very interested and I will also go to that one, but I was hoping to find something close to Lowell where the members would be familiar with my target market and be able to advise me and potentially partner on larger deals.

After some research I found a couple of groups operating around Lowell. One seems to be closely linked to a network marking company called Financial Destination out of NH and meets in Chelmsford MA and in NH. I have been involved with Network Marketing in the past and it is not something I want to get involved with again.

Another one in Andover seems to be tied to the Advent Wealth Improvement Network and sounded to much like an infomercial for me. The leaders/founders offer a lot of expensive education and seems eager to sell to new members.

A third group which operates out of Waltham and seems to be focused more on Boston.

None of these groups where what I was looking for. So I started my own.

The group will be for discussion of real estate investing in the Greater Lowell Massachusetts region. Anyone who is interested in real estate investing is welcomed to join.

My goal is to provide both an online and a face-to-face community where like-minded individuals can network and discuss topics related to real estate investing.

Hopefully I will find some members and it will grow into the kind of group I was looking for.

Also if you know of an active group in Massachusetts that I missed please let me know.

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