Posted by Rick W. on March 06, 2000 at 10:00:05:
I just received a phone call from the President of MY local REIA group, telling me that the exact same thing happened in OUR group meeting last Thursday. I missed all the fireworks because I was helping a few people out with their own deals. Is that a coincidence or what???
My suggestion to him was to respond with a letter to all of the members, explaining that there was apparently an agenda tied to the walk-out, and for our members not to take any drastic action without fully investigating the circumstances.
I know in my club, the past presidents and the long time board members have been doing transactions in our area for many, many years. These guys are the ones who freely give of their time and their knowledge. They teach classes for new beginners. They are available for phone calls from people looking for advice. They are always the first ones to volunteer when a job needs to be done. As far as I’m concerned, they are above suspicion. As long as they have been doing it, if they were cheating others, it would have caught up to them by now.
These guys never try to solicit business for themselves (like others do). They never monopolize the meetings with their thinly veiled promotions of their own for profit services (like the same others do). They don’t start up private groups claiming to be “mentors” just to sway other non-assuming members away from the group.
Hopefully you realize that there are usually at least two sides to every story, and more than that when accusations are flung about. My advice to you is to talk with the remaining board members and to other long-time members of the group, in order to get the full story. Once you have all the facts, then you can make a rational decision.
If you would like to discuss my particular club situation and compare it to yours, e-mail me and I’ll get with you.