I haven’t done a blog post in ages. My last one was about the BiggerPockets conference that took place earlier this year in Denver. There were a lot of great speakers there who were very generous in sharing their time and knowledge. Many of the attendees were equally outstanding – everyone I met there was friendly and willing to discuss their work and experience in real estate. Joshua Dorkin, the founder of BiggerPockets did a great job setting up the event and hosting it.
Even though my last post was over a year ago, I’ll follow up with a similar topic, which is the actual BiggerPockets site itself. What is BiggerPockets, you ask? It is a social networking site for real estate investors. In my opinion, the definitive site for real estate investors. I think anyone involved with or interested in real estate investing must check out the site, and hopefully participate. Why? I’ll give a few reasons below.
There is a vast amount of knowledge available on BiggerPockets. A treasure trove of data, information, reference documents, and advice is sitting there for anyone interested in any topic related to real estate investing. The many years of forum discussions alone are worth searching through. A fantastic blog section has innumerable posts from very experienced investors. The information posted freely on BiggerPockets can save massive amounts of time and headache. The people who post on BiggerPockets run the gamut of positions in the investing business: there are lawyers, financial advisors, wholesalers, rehabbers, landlords, commercial investors, note investors, mobile home investors, developers, and so on. Chances are if you are interested in doing something in real estate and you have a question, someone on BiggerPockets can help and is willing to help.
BiggerPockets is not just a repository of information and resource files. What makes it work are the people who are involved on the site regularly. And there are a lot of them. With a lot of experience and connections. And you can interact with all of them. Just get in on the forums, or follow blogs on the site, and become online colleagues. Post questions, post suggestions, and post responses. Talk with people, and meet with other local investors off-line. Maybe even do business with fellow BP members. It happens all the time. There is no reason it can’t work for you also.
Part of the networking process and part of the joy of BiggerPockets is to help out other people. Hop onto the forums and see how your unique insights may help someone out. Even if you are inexperienced, don’t be afraid to post. Everyone’s constructive and well-meaning input is welcome. Sometimes just the right positive encouragement may make the difference to a fellow investor. So jump on in and contribute.
Maybe you are already in a niche of real estate investing, or you are interested in a certain niche. That’s great. But when you start checking out BiggerPockets, don’t be surprised when you become curious about other forms of real estate investing. Soon you’ll find yourself wondering about lease-options, or land contracts, or master leases, or land improvement, or note flipping, or rehabbing, or commercial properties. The list goes on. You’ll see when you check out the site. On any given page of the forums, you will likely find at least 5 to 10 different topics being discussed. You’ll discover your interests will broaden quickly. Just make sure not to get too distracted.
BiggerPockets is Alive
The founder of BiggerPockets is Joshua Dorkin. The site is his baby, and this is his full-time job. He doesn’t do this on the side and he didn’t just set it up and let it sit. He is on the site all the time. He posts on the boards and responds to inquiries. He is constantly working on improving BiggerPockets and making it more useful to real estate investors. His work in setting up the first BiggerPockets Summit in early 2012 just shows how dedicated he is to making BiggerPockets THE site to be involved with if you are a real estate investor. So what are you doing still reading this? Go check out BiggerPockets now!