Texas is a Big State

Being the big state that it is, only Alaska is larger, there is lots and lots of real estate to invest in. That being the case, it is easy to understand why there is such a large proliferation of real estate investment clubs in the state of Texas. A quick perusal of the internet reveals on just one web site a collection of 20 separate clubs with membership ranging from as low as 10 participants to as many as 2000. The clubs meet once a month, on weekdays in the evenings and on weekends in the morning.

Caution should be taken when joining an investment club. Sometimes someone will start a REIC in order to sell books, pitch seminars or other services which you might not be interested in. Check out the seriousness of the members of the club, and whether they invest in the kind of real estate that interests you. Do they form partnerships so several members in the club can invest together, sharing the risks and the profits, or is the club just a place to get information for your own personal investment strategies.