Why Networking?

arborlis profile photo

Can someone please explain the neccessity of networking with other investors when first starting out as a newbie? What are the advantages?

Anthony

Comments(4)

  • jeff1200228th June, 2004

    Unless you know everything there is to know about what you will be doing, then I'm sure you will have some questions. Some of them will be specific to the area you will be working. It's easier to have someone friendly to ask, annd less expensive than learning through mistakes.
    They will know contractors, and the other professionals that you will need in your investment career, and be able to recommend some of the better ones to you.

  • maxwellpropertyinvestment28th June, 2004

    Knowledge is power. The more sources you have to draw from the better. Also, experience, you can learn from others that have experience in the business. I network daily with as many people as possible. Good luck.

  • active_re_investor28th June, 2004

    Very few deals are alike. There is not enough time in the day to do all the possible deals that might come your way. By networking you get to leverage the experiences of others and build up contacts that you call on if you need help for a deal later.

    John
    [addsig]

  • dealfinder28th June, 2004

    Unless you are independently wealthy and have vast amounts of cash at your disposal you may reach a point where all your money is tied up. Then you run across a deal you really want to do and can't. At this point it sure is nice to have a network of investors to help you put this, and other, deals together.

    The previous posts were excellent and I'm sure there will be more on this topic because most successful investors I know strongly believe in networking. Good Luck.

    Dave
    [addsig]

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