Don’t Sleep on Your Local Real Estate Investor Association (REIA)

Don’t Sleep on Your Local Real Estate Investor Association (REIA)

2 min read
Marcus Maloney

Marcus Maloney is a value investor and portfolio holder of residential and commercial units. Marcus has been named the “Equity King” for his impressive ability to find real estate opportunities with massive amounts of equity.

Experience
Marcus, a high school dropout, went from G.E.D. to M.B.A. Although his education has a major impact on his investment philosophy, the real impact came from his upbringing.

Marcus thrives on completing successful transactions. As a young kid, his parents and grandparents faced many challenges; as a result, it made him think of ways he could help. His mother and grandmother were avid investors—not in the market but in people. Marcus was a recipient of those investments. And his early years were hard work growing up on a farm.

Marcus was a strategist at an early age. To relieve the burden of his family buying him clothes when it was time to return to school, he decided to make a small investment that paid big dividends. Marcus decided to purchase a small piglet at the beginning of summer, feed it until it became fat, and then sell it to a local farmers’ auction before the school year started. This was one of his first transactions and the beginning of his adventure of finding equity in every opportunity.

Marcus’ hard work continues today: He has completed over $3.3 million in wholesale transactions. Currently, Marcus is a licensed agent who wholesales virtually in multiple states while building his investment portfolio. Although wholesaling provides great money, he saw the opportunity to buy some of the deals he found and convert them into cash flowing rentals.

Marcus currently holds seven rentals, two of which are commercial units. He’s also done the unimaginable and purchased a school, which was converted to a daycare center. Again, he turns what is a marginal profit into a significant equity position. He leverages the equity by using the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to increase his portfolio without any money out of pocket.

Marcus has been featured on numerous podcasts, such as the Louisville Gal Podcast, the Best Real Estate Investing Advice Ever podcast, FlippingJunkie, and many others. He’s currently a featured blogger for BiggerPockets, the largest community of real estate investors in the world.

Along with completing transactions and working to build his portfolio, he provides mentorship to aspiring investors. This is done through one-on-one interactions and through his successful YouTube channel and blog.

Marcus does utilize his M.B.A. for more than real estate. As a consultant for a successful non-profit institution south of Chicago, he uses his expertise in the development of human capital. His philanthropic efforts help existing stakeholders develop in their capacity to serve those in need of assistance.

Education
Marcus completed his M.B.A. in 2011 from Olivet Nazarene University.

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In this day of competition for attention, it’s important to go back to the basics. With the constant bombardment of social media ads, the simple concept of authentic engagement gets overlooked.

I would like to reintroduce you to your local real estate investors association (REIA). There are plenty of benefits of being a part of your local REIA that often get overlooked. They may not always do the best job with marketing and promotions, but the education you can find is still on point.

I was recently reminded of my introduction to real estate in the Phoenix market, and it was through my local REIA—a staple of the real estate market in any city. So why have so many overlooked the REIA and fallen victim to high-priced courses and mentorship programs? Maybe it’s simply because many are blinded by the bling of advertisement and forget the benefits of the local REIA.

As a reminder, here are four simple benefits of your local REIA.


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Authentic education

Most REIAs offer a similar policy to BiggerPockets, with no egregious or excessive sales pitches.

The teachers and education are authentic, without an ulterior motive. There is no hidden agenda or sales funnel to be concerned with. The teacher is actually an active investor that enjoys teaching. You can learn from real-life experiences and analyze actual deals in your home market.

Local market connections

Not only are your teachers experts in their field, but they are experts in your local market. During your education, you will learn what is occurring in your market. You will be able to analyze and evaluate deals in your city.

I re-engaged with my REIA to learn more about what is happening in my market. With the fluctuation of the real estate market and the speed of changes, it’s important to have a local perspective.

Many influencers are encouraging diversification in outside markets right now, which is not a bad thing, but it’s important to have a local approach. The market updates I receive from our local REIA are amazing. The trends and projections really aid in positioning my company for the future.

Relationship building

What better opportunity to meet other real estate professionals who are serious about their education and their investments? This is the hub of where to find money, deals, partners, and whatever else you need that’s real-estate-related.

Affordability

You don’t have to pay $5,000 for coaching or $30,000 for a mastermind. Some REIAs are even not-for-profit to reinforce the principle that it’s not about the money.

If you’re looking for affordable education that’s market-specific, the REIA is a great place to start.

There are options for rock-solid education without the guru pitch. Plus, one of the first things gurus tell you to do is be a part of your local REIA because nearly everything you need is under one roof.