Tag Archives: oakland county

“Fall”ing Into Real Estate Investment

2 Sep

Real Estate Investing is a broad phrase that covers everything from short sales, to tax liens to wholesaling to rehab flips as well as commercial real estate. If you are a beginner, where do you start?

As a beginner, there are 3 Main things to consider when you are starting to invest.

1. Invest From a Position of Strength.  With cash you can negotiate better deals that provide more profit.  If you don’t have your own cash, then seeking private lenders to bring on your team will make your investment much stronger.

2.  Have Goals; Invest in Properties That Provide Multiple Exit Strategies. With multiple exit strategies available, you have less of a chance of getting stuck with a home you can’t move. Always plan for the long term. Have an end goal in mind to help stregthen your investment strategy plan.

3. Know Your Market! Conduct your market research before investing in real estate to know if your market is a good market to invest in.

  • Who are the major employers in the area and are they stable?
  • What is the population growth trend?
  • What are the expected limitations?
  • What are the local rents and how are they trending?
  • What are the average and median home prices in the area?
  • What economic anchors does the area have?

These are three principles you can follow to ensure that if you are starting out investing this autumn you will have a stronger sense of what you are getting into and how to effectively navigate this career.  If you need any other tips for starting your investment strategy contact us anytime at http://www.reiaofoakland.com.

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Why is It Important that REIA of Oakland is Not for Profit?

15 Aug

There are new real estate investing groups popping up like weeds lately.  Unfortunately, many of them are FOR PROFIT, and have arrived on the scene to take advantage of the rocky real estate market that Michigan is navigating right now.  These new, FOR PROFIT groups have one goal in mind, to make a profit.  Now, there’s nothing wrong with making a profit.  However, when it’s the group that is supposed to be looking out for your best interests and educating you on how to maximize your investment strategies, it creates a conflict of interests.  If the group is for profit, they are going to be selling you Kits, DVD’s, Books, Seminars, Classes, Bootcamps, and anything else that they can think of, for hundreds and even thousands of dollars, whether it’s in your best interest or not.

Why?  Because if they don’t, they’re not making a profit. REIA of Oakland, on the other hand, is run by unpaid volunteers.  We have only one paid, part-time employee.  All the money that we bring in is used to run the group and bring you the best services possible.  This is why at REIA of Oakland, you will see more unpaid, local experts bringing you relevant, timely information at our monthly meetings.  REIA of Oakland purposefully limits speakers selling products to 4 times per year or less, and we screen them to try and bring you only the very best.  REIA of Oakland’s goal is to make its members the most educated and professional real estate investors in the country.  Not to sell you products.

 

Why Should I Join REIA of Oakland

14 Jul
REIA of Oakland is a non-profit organization serving real estate investors in Wayne, Oakland, and Macomb Counties since 1981. Click here to join REIA or renew your existing membership.


If you are currently a member and need to update your information, please click here.

Why should you join REIA?  

  • FREE ADMISSION – REIA of Oakland members enjoy free admission to our monthly seminars.  Over the course of a year, that’s a $240.00 value!
  • Professional Support – A REIA membership will make you part of a shared information network and provide you with volunteers in several fields that you may call. Among these many helpful members we have landlords, attorneys, lenders, and real estate professionals who are available to answer your brief questions.
  • Networking – REIA offers the perfect environment and opportunities for you to meet other real estate investors in Oakland County.  Share your experiences and learn from others who understand your problems.
  • Education – Your REIA membership will offer countless opportunities to learn more about real estate investing.  We offer monthly seminars covering topics such as finding properties, accounting/tax issues, real estate law, repairs, financing, purchasing, and sales. 
  • Stay Connected – Members also receive our monthly newsletter, dedicated to bringing you the news you need to know as a landlard or real estate investor.  Learn about local and national issues that concern you. 
  • Resources – Members of REIA may obtain brief legal counsel and CPA services over the phone and free of charge from experts in landlord/tenant matters.  Plus, members have access to BOCA rulings and specifications. 
  • REIA works for you – We are continually on the alert for the latest issues affecting landlords.  Our lobbyist in Lansing keeps us abreast of state issues affecting our membership, allowing us to work with the proper state and federal public officials on your behalf.  REIA takes a positive approach to improving laws regarding zoning, building codes, housing standards, and more.
  • Discounts – Members of REIA receive discounts from local and national suppliers, such as Home Depot, Sherwin-Williams, Nationwide Insurance, and Avis Car Rental, just to name a few.

Besides being a great place to meet and interact with other like minded Real Estate Investors, REIA of Oakland membership offers the following benefits! 

A Little Bit More About…REIA of Oakland

4 Jul

Happy 4th of July All!

Just thought it would be a great idea to tell you all about what we do and who we serve. REIA of Oakland services investors who own real estate in all of lower Michigan, and even some that own property in other states!  Wayne, Oakland, Macomb, and Livingston counties are the main focus of most of our members, but you are welcome to join no matter where you invest, as long as it’s real estate related.

 Many of our members are just thinking about getting into real estate investing and have joined REIA of Oakland to learn as much as they can BEFORE making mistakes.  Joining REIA of Oakland is a great way to learn the ropes and get sound advise when you are beginning your real estate investment career.