11 Reasons Your Network Equals Your Net Worth (& 4 Ways to Expand Yours!)

As a budding investor, who would you prefer receiving all your real estate advice from: someone who has made a lot of money by investing in real estate or someone who can quote every textbook there is but hasn’t got anything to show for it?

You’ll most probably say you’ll want the first one. Exactly! And why shouldn’t you? After all, money is rarely lost in the real estate business because you don’t know the theory behind it all. It’s usually lost because you don’t have the experience — experience to see a great deal when it presents itself or when there’s an issue with your next potential purchase. And that happens when you’re not surrounded with the right kind of people. To succeed as a real estate investor, you must be in the company of smarter investors. Get tips, knowledge, guidance, and wise words from these people and learn all you can about investing in real estate.

A real estate business flourishes on a sound and a smart network of people who know a great deal about this sector. It’s often said about real estate business that “Your Network = Your Net Worth.” And we’re not just talking about the team you’re working with, although they need to be good as well. Networking with your peers and with veterans not only gives you an opportunity to discuss the latest listings, but also gives you an opportunity to understand a market beyond its statistics and numbers.

Read more from Engelo at BiggerPockets.

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