Re: Where can I find RE investments groups? - Posted by camgere
Posted by camgere on April 08, 2007 at 21:28:47:
Just like Elmer Fudd sneaking up on Bugs Bunny, people seeking investment capital have to be wary, wary careful.
In California you can’t take money for selling a house without a real estate license. If you go around soliciting for investment money the SEC may come knocking at your door wanting to see your securities license. In addition some investments are only open to high net worth/high income investors who are supposedly smarter than average or at least better able to cope with large financial losses. These are sometimes calle “accredited”, “qualified” or “sophisticated” investors. IPOs, venture seed money and private placements aren’t for riff raff like you and I. So some investing is done by word of mouth and social connection rather than radio advertising.
If you are in the mood to throw money around you may want to look into Trust Deed Investing. Having your name on the trust deed and promissory note lowers your risk. There are hard money lenders who will lend money for widows and pensioners for a significant fee. You will have to do a reverse look up and call people advertising money to lend asking if they need more money to invest. Some are very conscientious, hard working people and some are scam artists who will totally fleece you.
The California Department of Real Estate has a nice blurb on this.
Real Estate is differnet in every state.
If you found this boring then real estate investing isn’t for you. Remember you could end up owning your worst nightmare (a mold/crack/trashed/ flooded/equakedamaged/ fire damaged house).
Your local Real Estate Investment club may be aware of people with good reputations who lend money.
Good Luck and Be Careful Out There!