How to Network for Your Real Estate Investing Business
Learning how to network for your real estate investing business will be paramount to your success. You can network in almost every aspect of your life. Even in situations you haven’t considered as opportunities before. Learning how to create and leverage these relationships can help you grow your real estate investing business.
Who to Network With for Your Business
Network with Real Estate Professionals
The most obvious people to network with are other real estate professionals. They can help provide you with helpful information about the local real estate climate. These professionals can also give advice in areas you might not be an expert. In addition, they can also provide you with access to MLS listings that fit your investing strategy.
You can network by joining local real estate associations or clubs, or by reaching out to other professionals in your area to set up a coffee meeting or phone call. You will also come across other real estate contacts in your day-to-day business. Keeping a file of these contacts is helpful and might be useful when you least expect it.
Here are some examples of other professionals to network with:
- Realtors/Real Estate Agents
- Real Estate Attorneys
- Mortgage Brokers
- Loan Officers
Network with Tradespeople
Having a contractor, handyman, electrician and plumber you trust on speed dial will help you in your real estate investing business. Whether you just need paint touch up on a house, or if you run into a huge electrical emergency, having someone to call can save the day.
You can network with trustworthy tradespeople in your day-to-day life, but the primary way I like to do this is to ask for referrals. If you have friends, family members or business partners you trust, ask them for recommendations. You can also look at online reviews and reach out to professionals to make contact in case you need their services in the future.
Network with Rehabbers
My real estate investments don’t include fixing and flipping, but having contacts in this area is helpful. If you buy a distressed property, and it fits the right criteria, you might be able to do a deal with a local rehabber and still make a good profit.
Networking is the key to success in many businesses, and real estate investing is no different. You never know when you might come across a motivated seller or someone that can benefit your business. Meeting as many people as you can is a power move for any business.
To learn more about building your network and investing in real estate without using your own money or credit I invite you to download my Investor Kit.