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by Tim Herriage Tim Herriage 1 Comment

DFW Investors June Monthly Meeting

Event Phone: (972) 755-1880


  • June Monthly Meeting
    June 7, 2018
    5:30 PM - 9:00 PM

Come early, come late, we have something for everyone. Below is the schedule of events, in which you are free to come and go as you please (excluding the CE-you need to be there on time and for the full hour to receive credit). Special Thanks to our sponsors! 5:30 – 6:30 PM (more…)

by Tim Herriage Tim Herriage No Comments

DFW Investors May Monthly Meeting

Event Phone: 9727551880


  • May Meeting
    May 7, 2018
    5:30 PM - 9:00 PM

Come early, come late, we have something for everyone. Below is the schedule of events, in which you are free to come and go as you please (excluding the CE-you need to be there on time and for the full hour to receive credit). Special Thanks to our sponsors! 5:30 – 6:30 PM (more…)

by Tim Herriage Tim Herriage No Comments

INVESTOR EDUCATION AND REAL ESTATE INVESTMENT CLUB? Part 3

Are real estate investment clubs the best source of investment education? Is the education they offer relevant to you and your goals? Again, are you the “main attraction” or the “main course” when it comes to encouraging your gaining of an investment education?
BUY LOW AND SELL HIGH?
Real estate investment is way more than this. First there are different types of real estate and investment strategies. Real estate investment is not “one-size-fits-all.” Then there are investor stages of beginner, intermediate and expert.
Let’s assume you are a beginner attracted by the idea of making “mad money” like the TV shows of celebrities flipping houses! Reality is that it is not that simple. Anyone that tells you “there are three easy steps to house flipping success” is delusional.
There is a reason they promote their classes this way so as to cut through the competitive clutter and get you into a carefully scripted “sales funnel” and upsell sequence guiding the would-be investor into their expensive education programs. Much of what is offered rushes the investor into specific investment strategies before a newbie investor understands what the industry is about.  Much of what is offered is also available at little to no cost. Google free advice on the subject.
YOU ARE THE MAGNET 
Many real estate investor clubs bring in investing experts and gurus as keynote speakers. The club organizer offers their members as an audience so the expert can offer to sell their education programs. The club takes some proportion of any sales revenues.
In cases like this it is fair to assume that the educator and the club organizer are more focused on their dollars versus your investing, in fact there is a dirty little secret. If you real invest in real estate this reduces the amount of revenues you can spend with them. Quite a contradiction.
INVESTOR SURVIVAL SKILLS
Before any thoughtful investor plunks down their hard earned money to buy a house, they have done some research on the market and the property. Learning to do that research is a skill in itself, and for many real fun. It is like finding a needle in a haystack, because all real estate available to buy is not necessarily a good buy. Knowing the difference is an investment survival skill you cannot afford to take lightly.
Many real estate investment clubs teach introductory investment courses that review these basic skills however there may be a bigger issue and a better way because not everyone has the time or the skills to invest directly, but they still want results.
“HANDS ON” OR “HANDS OFF/HEAD ON” INVESTING?
A couple of years back a study was done of guest attendees at a successful regional real estate investment association and National Real Estate Investment Association member. They wanted to know why guest to member sign-up and overall retention was ineffective.
The study concluded two things. Focusing at expert provided education on deep investment process or narrow investment strategies before providing basic investment education and a broad familiarity with investment, drove guests and members away.  They were effectively offering an advanced cooking class, when the student chefs had yet to understand the tools and ingredients found in a kitchen.
Secondly. Many guests were not interest in the work required to be a hands-on real estate investor, rather they wanted the results and now.  A class about a narrow process or investment strategy pitch just confused them.
An investment responsive audience wants to learn about results not practice, and in many cases was looking for genuine experts who understood the sacrosanct role of someone providing investment advice. This is why, for some, finding a trusted real estate investment adviser was preferable to joining a real estate investment club to get to the result by going the long way around.  Talk to us below.  We want to know what you think!
Full Disclosure: 2020 REI Companies operates the DFW Investors. This is a community for local investors in the Dallas/Fort Worth area that provides resources and discounted investment property listings available for purchase. It is open to anyone. Vendors can buy exhibit space and experts speaker slots. Attendance is free to anyone. For more information, receive emails or get meeting schedules, visit DFWInvestors.com.

by Tim Herriage Tim Herriage No Comments

Happy New Year

Thank you for being a part of DFWInvestors.com in 2011.  As the New Year approaches, I hope you are able to plan 2012 to be the best year yet.  Whether you had a great year or not, be thankful for the opportunities, and learn from the mistakes.

I'll see you at The Real Estate Investor Expo in a couple of weeks.  Prices go up again tomorrow night, so make sure you reserve your spot before the ball drops!

Thank you again, and Happy New Year!

Tim Herriage

Use the discount code happynewyear at www.REIExpo.com for 25% off through midnight tomorrow!

Tim Herriage
DFWInvestors.com
tim@new2020rei.wpengine.com
214.607.1227

by Tim Herriage Tim Herriage No Comments

If you lay with dogs, you'll get fleas.

Over the last ten years, I have been very fortunate to stay on the right side of the fence.  There have been several times it almost seemed too easy to take a step over the fence, and make some easy money.  One of my good longtime friend's company recently was featured on the local ABC news channel, because of some of the company they keep.  

Now, I am not pointing him out, but you should pay attention.  This company outsources sub to deals to other investors.  BE CAREFUL!  A sub to gone bad can easily come back to bite you, even if you dot your i's and cross your t's.  

You see, our industry is seen as an industry full of sharks, bottom feeders, and crooks.  The general public assumes that we prey on the weak and desperate.  How many times has a seller started a conversation with you, “I'm not desperate, and I'm not going to give it away”?

While I am certain that The Real Advantage had NO idea that the back end investor wasn't going to pay the mortgage, look at the problem it has created for them!

Be careful out there!  Learn to invest the right way at the 2012 Real Estate Investor Expo, www.REIExpo.com.

Tim Herriage

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Tim Herriage
DFWInvestors.com
tim@new2020rei.wpengine.com
214.607.1227

by Tim Herriage Tim Herriage No Comments

2012 REI Expo

The 2012 Real Estate Investor Expo is on January 28th and 29th at the Richardson Civic Center.  The tickets will be $150, but you can buy them this week for $75!  Check out www.REIExpo.com!  EARLY BIRD sales END on Friday, October 7, 2011 at midnight!

Second Annual Real Estate Expo

January 28-29, 2012
Richardson, Texas
2 Full Days of Seminars, Classes, Workshops
5-6 Sessions to Choose From Every Hour And A Half
Introductory and In-Depth Sessions
No Product Selling From Stage
Speakers Are Actually Practicing, Not Just Teaching
Sponsors and Vendors Available For Individual Meetings
$150 For 2 Days, Including 2 Meals And Access To Everything
Sign up Online Now at www.reiexpo.com

Tim Herriage
DFWInvestors.com
tim@new2020rei.wpengine.com
214.607.1227

by Tim Herriage Tim Herriage No Comments

Consistency..

Here is the single most important thing I could ever teach you. Consistency will make you win in real estate. Resist the urge to swing for the fence. Be the iron man, not the sprinter.

A good example of this philosophy is within your marketing plan. If you cannot sustain a marketing plan for a period of 6 months (preferably 12), then you will not have ample time to test it’s viability and effectiveness.

Don’t be a “scatter shooter”.

Plan you work, and work your plan. Don’t let your work, work you! Enjoy time with your family, and be in charge of yourself.

That truly is the way I see it!

Tim

Now, this picture is the final score in this weekends game that I coached for my 10 year olds youth team!  SCOREBOARD!

Tim Herriage
DFWInvestors.com
tim@new2020rei.wpengine.com
214.607.1227

by Tim Herriage Tim Herriage No Comments

Can you give us feedback?

I am trying to grow the membership of DFWInvestors.com and provide more services.  Our sponsors and vendors have offered to conduct conference calls, webinars, networking parties, and other FREE services, and we just want to see what you prefer.

Please fill out this survey to help us provide more services:

https://docs.google.com/spreadsheet/viewform?formkey=dGQ3SXEyREw0SW9Tbjh6UnM4OGNCNmc6MQ

 

I have a two day property tour and analysis training starting tomorrow.  Check out http://ftcbustrip.eventbrite.com

Let's do some business!

Tim Herriage
DFWInvestors.com
tim@new2020rei.wpengine.com
214.607.1227

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