Houston Real Estate Investing Association

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The Realty Investment Community Of Houston

Get Started Investing in Texas Real Estate !

Joining a local Real Estate Investors Association is an important step in developing a real estate portfolio, whether you want to have some side income from residential rental properties, or you have goals of getting into commercial real estate. Real estate is an industry where its nearly impossible for investors to succeed alone. Every investor needs a good network of individuals like hard money lenders, estate agents, property managers, and fellow investors who have properties to buy and sell.

Contrary to its name, you do not have to be rich to join RICH, but you should have some aspirations about achieving a degree of greater financial independence or wealth. RICH is tailored to meet the needs of each investor in the Houston, Texas area that joins its ranks. They offer a plethora of educational materials and business tools like a free website, email blasts, and discounts on accounting tools and real estate profit calculators. No matter where you land on the spectrum of real estate investing experience, you will doubtlessly benefit from the many member benefits of RICH.

Buying your first investment property can be intimidating. With all the things to know about generating cash from real estate, the choice to invest can be easy to put off. By choosing to invest in yourself with a membership in RICH, you can get more informed about, and comfortable with, what it takes to succeed in Houston real estate market and get closer to generating income from real estate investing.

Texas Real Estate Investor Associations

Below are local real estate investor associations REIA groups in Texas. Local REIA associations are great for meeting other investors in-person and networking. When attending meetings be sure to meet as many people as you can as this is your main purpose for being there.

Most REIA groups are ran by volunteers and are non-profit. If a group is for-profit or ran by a business and not volunteers, be sure to check references much more thoroughly. Be aware though, in order for non-profit REIAs to pay for meeting venues and events, most associations charge membership fees and partner with Gurus to sell seminars, courses and coaching. This usually starts with a monthly meeting with a guru speaker who then offers a weekend event that is free or less than $100. At that event, you will most likely be offered a course that can cost around a thousand dollars or more followed by an up-sell for such things as a boot camp or coaching which costs thousands of dollars. While some gurus do have good courses, boot camps and coaching, most do not. Before investing any money in education, be sure to thoroughly check their reviews. Many times the information and assistance they sell can be found for free on such sites as this one.

Alamo REIA

Enjoy Special Discounts As Part Of Your Membership

There are so many membership benefits of joining RICH, but in addition to the networking and educational opportunities, members will get some serious discounts at real estate related vendors.

RICH Club members are enrolled in the Home Depot Pro Xtra loyalty program, which gives them access to an exclusive catalog designed for National REIA members, special discounts, and an annual 2% rebate on Home Depot purchases.

Rent Perfect will provide landlords in RICH with access to customized, secure, online lease agreements, along with credit and background checksall of which can be accessed for a low startup fee of less than $1. Property management can sometimes make investors realize that rental properties are not passive real estate, but with the right toolslike those offered by RICHthey can come one step closer to passive income from rentals.

Other benefits include a 10% discount with 1-800-GOT-JUNK, a vendor that investors engaged with flipping houses will certainly need with every real estate project. RICH members can also locate a good, reliable contractor through BuildZoom, stay connected with tenants digitally with CallFire, and exterminate pests with a 10% discount offered by ClearVue.

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Habits Of Successful Real Estate Investors

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and behavioral finance. Adam received his master’s in economics from The New School for Social Research and his Ph.D. from the University of Wisconsin-Madison in sociology. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem.

Investing in real estate can be successful, but going it alone can be challenging and highly risky. Joint ventures, wholesaling, and property management are just a few of the ways that investors can profit from real estate. It also takes a little savvy to become successful in this highly competitive arena.

While certain universities offer general coursework and disciplinary programs that can benefit real estate investors, a degree is not necessarily a prerequisite to be profitable in real estate investing. Whether an investor has a degree or not, there are certain characteristics that top real estate investors commonly possess.

Here are the 10 habits that highly effective real estate investors share.

About Houston Black Real Estate Association

Ashley Askew N.

Message From Our President – Marla Lewis

“A Focus on Wealth Creation through Prevention and Access”

Celebrating 72 Years of Service

Houston Black Real Estate Association is a Local Chapter of the National Association of Real Estate Brokers . HBREA is comprised primarily of African American real estate practitioners.

Membership in the Association is open to all who support Equal Housing Opportunity. HBREAs members are distinguished by the trade name REALTIST and they subscribe to the HBREA core principle of Democracy in Housing.

Black Americans incurred over a Billion Dollar loss of equity/wealth and drastic reductions in their rate of homeownership as a result of the combined impact of the subprime debacle, predatory lending practices, and the foreclosure crisis. In response to this dilemma, HBREA being the oldest minority real estate organization in Houston, commits to integrating NAREBs national strategy.

To strengthen and grow a strategic collaboration of real estate, small businesses, financial services, policy, advocacy and other stakeholders we will focus on improving economic inclusion for African Americans in Houston and surrounding areas through homeownership and other financial economic empowerment vehicles.

In addition, we are currently threatened by the current Pandemic, COVID 19. It is more imperative now than ever before to align ourselves with great partners like you.

A Focus on Wealth Creation through Prevention and Access

Goals:

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Benefits Of Working With The Houston Properties Team

Our team, composed of distinguished and competent Houston luxury realtors, has a well-defined structure based on the individual strengths of each member.

We find team approach as the most effective way to sell homes. We have dedicated people doing staging, marketing, social media, open houses, and showings. Each Houston Properties Team member is a specialist in their rolewhich is why our homes sell faster and for more money than average.

The benefits of working with a team include:

To meet all the award-winning members of the Houston Properties Team, please go here.

Real Estate Market In Texas

The housing market in Texas, which has remained stable along the years, is now benefiting from its strong economy.

Employment growth, expected to be a long-term trend, has helped Texas endure the hardship of the recession better than any other state. The states major cities, Houston, Dallas, Fort Worth, Austin and San Antonio, are pretty much recovered.

Perhaps the largest real estate market is Houston, offering properties from inexpensive condos to ostentatious mansions. At BridgeWell Capital, for our hard money loan approvals, we recommend investing in single-family detached, 3 bedroom, 2 bathroom homes in established sub-divisions, among other factors. You will find that in the Houston market and much more.

Austin is the most expensive of the major cities. Between 2006 and 2010, the median price of a house in Austin was $200K, much higher than the state average of $128,100. In spite of the high prices, the market remains strong and growing. According to the Austin Board of REALTORS©, in October 2013 a total of 2,145 single family homes were sold, nine percent more than in October of the previous year. If you are going to invest in Austin, you will need to have cash available to finance your investment. With our private money program you will find the fastest and easiest way to finance your deals.

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Commercial Real Estate Legal Updates

The Texas Real Estate Commission oversees and regulates the Texas commercial real estate industry. To remain in good standing, every firm must stay on top of the latest commercial real estate legal updates. For example, as a TREC Corporate Broker, CXRE Group , were always in the loop.

Pro-tip: Check your brokers license at the TREC website.

On top of that, TREC creates and enforces commercial real estate regulations. TRECs regulations cover Professional Ethics and Conduct, Practice and Procedure, General Administration, and General Provisions. Specifically, tyhese regulations address issues such as broker integrity and competency, adjudicative proceedings, certain contract disputes, issues relating to licensure requirements, and more. As we learn of news, we pass it on to you and keep you updated on legal issues and TREC regulations affecting your investments and assets.

About Real Estate Investing

Texas Real Estate Show! episode 14: NAR asks US Supreme Court to overturn Pocket Listing

Investing in Todays tumultuous real estate market…

The market has been on a roller coaster ride for the last several years and the club has been making every effort to keep its membership up to date on the latest trends and what strategies to use and not to use in todays market.

The truth is you can make money in any stage of the real estate market cycle. You just need to know what strategy to use and how to apply it.

Many investors are scared to get into investing when the market is down because they dont see others making money as easily as they had in the past. Well its true that its not as easy to make money in a down market and thats why its so important to educate yourselves so you know not only how to make money but more importantly, how not to lose money. Any experienced investor will tell you that preserving capital is job #1.

The great thing about a down market is its a great time to bargain hunt. In fact down markets is where you see the greatest transfer of wealth. When people reach the point of capitulation they are willing to do incredible things to give away their property to get rid of the problem. We want to help you capitalize on that opportunity and give you the tools to become a successful investor no matter what stage of the cycle the market is in.

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Pay For Your Membership

Once youve read over the benefits of each membership type and decided which one makes sense for you and your professional goals, you can just click on the signup button at the bottom of the description, where you will be taken to a payment page. Sometimes RICH will offer discounts on memberships, which might be a pleasant surprise once you get to the payment page. There is also a space to input a promo code if you have one. Your payment can be made with PayPal or a credit card. Once youve made your payment, your membership in RICH also grants you membership in the National Real Estate Investors Association.

There are no lengthy forms to fill out or an application process to weed out unfit investors. Everyone with an interest in or a passion for real estateno matter their level of experienceis welcome to join RICH. Once youve paid for your membership, youll get instant access to the aforementioned features and benefits, which include 60 annual investor meetings , your jumpstart coaching call, and complimentary guidance from the legal team and CPA about forming an LLC or similar vehicle to reduce your personal liability and protect your assets. Best of all, youll join a thousand-strong club with access to a network of investors on the buying list of around 20,000 local to Houston, and 50,000 around the country.

Investing In Office Buildings

On the whole, we provide you complete services to walk you through every step of the commercial real estate investing lifecycle. Furthermore, our trusted brokers, managers, and expert investment consultants can help with each of the 5 steps to successful commercial real estate investing.

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What Is An Accountant

The term accountant refers to a professional who performs accounting functions such as account analysis, auditing, or financial statement analysis. Accountants work with accounting firms or internal account departments with large companies. They may also set up their own individual practices. After meeting state-specific educational and testing requirements, these professionals are certified by national professional associations.

Statutory Real Estate Fraud

Mike F

Tex. Bus. and Com. Code 27.01 can make certain real estate investors liable for the misrepresentation of others. Outside of this statutory contract, imposing liability on a person who has not actually engaged in misrepresentations is a little more difficult. For example, different theories of agency can impose liability on people who have not actually engaged in misrepresentation. The DTPA can also impose liability on a person who is connected to a transaction. Tex. Bus. and Com. Code 27.01 imposes liability on people who know of a misrepresentation, benefit from that misrepresentation and do not correct the misrepresentation.

A person who has actual awareness of the falsity of a representation or promise made by another person and fails to disclose the falsity of the representation or promise to the person defrauded, and benefits from the false representation or promise commits the fraud described in Subsection of this section and is liable to the person defrauded for exemplary damages. Actual awareness may be inferred where objective manifestations indicate that a person acted with actual awareness.

This means that a real estate investor or real estate agent/broker can be held liable for the fraud of others, if he was actually aware of the fraud and benefited from the fraud. An attorney for real estate investors or an attorney for real estate agents can help to defend against or prosecute a claim for real estate fraud. Call Hector Chavana Jr at 713-979-2941.

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If In Houston Do Not Join The Rich Club

I will begin by saying this is embarrassing for me but hopefully my naivety will protect some others. I have been a member of the Reality Investment Club of Houston for many years. Over the years I have met and been approached by many con artists, swindlers, and other various pieces of human trash. I was always able to filter those guys out. While there have been bad members I also met some good ones. One of the good ones is an attorney that specialized in real estate. The past couple of years I hired this attorney to help me or consult me in the area of real estate.

Well to make a long story short this attorney approached me one day to give me a piece of a real estate deal he was working on. At the end of it all there was no real estate deal. It was a scam. I lost several thousand dollars to this guy. I went to court, he of course did not show up. I won my case easily by default.

Recently I have learned that this attorney is still speaking at the RICH club here in Houston. I have also learned that many other people were swindled by this same guy last year. What even shocked me more is that apparently board members of the RICH Club know about his actions but they have chosen to turn a blind eye to it. Since I am a member I attempted to speak with some on the board by email and by phone but no one will return my calls or emails.

Invest In An Accountant

Taxes comprise a significant portion of a real estate investors yearly expenses. Understanding current tax laws can be complicated and take time away from the business at hand. Sharp real estate investors retain the services of a qualified, reputable accountant to handle the businesss books. The costs associated with the accountant can be negligible compared to the savings that a professional can bring to the business.

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Learn How To Join Houston Real Estate Investment Groups

If you live in Houston and you are thinking of investing in Houston real estate for sale, then you may want to consider joining a Houston-based real estate investment group.

There can be numerous advantages to joining a real estate investment group. You don’t necessarily have to join a big group that deals with commercial properties, such as office buildings. You can start with smaller groups that work mostly with Houston townhomes and other small properties.

Houston townhomes are a great place to start investing because they require smaller capital while offering good opportunities for future investment expansions.

“Buying a house in Houston with The Houston Properties Team was just the start of our relationship. They helped me build friends, relationships and support as new residents in Houston. They truly went above and beyond to help make our lives better even after our move.” Brandon, Google Review

  • The Best Houston Realtor to Sell Your Home
  • Benefits Of Joining A Real Estate Investment Club

    Welcome to Texas REIAs! Texas Real Estate Investment Association

    “The Houston Properties Team under the leadership of Paige Martin, is one of the most successful real estate teams in Texas. Paige and her team takes the pain out of the real estate experience through hard work, proprietary systems and processes, and a deep understanding of the hyper local Houston real estate market. She’s ranked #5 in Keller Williams worldwide and #1 in Houston with good reason.” Sandy

    1. Pooled Finances

    Starting in real estate investment requires a substantial amount of financial resources. Investing club is a great option where you can buy properties as a group. It opens up more investment opportunities in Houston real estate market.

    2. Continuous Learning

    The Houston real estate climate is ever-changing. You must be updated to get the highest return on investment. Active investing clubs help by regularly arranging conferences, meetings, and seminars. You might also find a great mentor from the group.

    3. Delegation of Tasks

    Timelines and processes in the Houston real estate market can get overwhelming. The group can divide the tasks, playing on individual strengths and capacities to get ahead in deals.

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