The most important asset for a real estate investor is their network. An investor’s success depends on a solid network of colleagues, mentors and business relationships. When first starting out as new real estate investor, it’s difficult first building up your network. There are a few easy ways to quickly build up your strong network:
Meetups and Seminars
One of the most popular ways real estate investors build their networks is by attending seminars or meetups to make new contacts. At seminars you are there to learn more and meet people in the same industry as you. There you will meet other real estate investors, supporting vendors, contractors and other entrepreneurs.
Another effective way to make new connections is through Meetup.com. On this website, millions of connections have been made online and through web seminars. Most user utilize the site to make new connections, build relationships and engage through shared interests and activities.
A new and flourishing way to make connections and build a network is through social media. Social media has become a necessary tool in success. It’s no longer just a way to in contact with old friends or follow celebrities; it’s also a great way meet other professionals in your field or area of expertise. It’s important to become familiar with social media and how to use it in order to find connections and build professional relationships.
When building your network through social media, it’s important to distinguish the difference between followers and actual connection. Makes sure to have separate social media for professional use and another for personal life.
Take a Trip
A fun way to make new connections for your network is to meet people in other areas while traveling or on vacation. Traveling somewhere new can give you in-person on perspective properties or research new real estate markets. It can also give you the opportunity to make the connections you wouldn’t have been able to in your own region. This way you can expand your network and get inside information on other real estate markets.
Don’t leave these meetings to chance–make sure to contact a connection you’d like to make before going on the trip. It’s much more effective to research and lookup other investors, realtors or contractors that are in the area you are traveling to.
Take every opportunity you can to build your network. Whether it’s through a chance meeting or attending a conference, any connection you make can lead you to your next big investment.
About Avraham Glattman – New York Based Real Estate Investor & Owner Of 1st American Properties Group, Inc.
Learn more about Avraham Glattman, real estate investor and owner of 1st American Properties Group, Inc. in New York, New York.
Getting into the commercial real estate business can be new and exciting, but comes with it’s challenges. With the New York real estate market always changing and new trends surfacing, it’s important to stay current and up-to-date. When first starting out, it’s easy to assume you know nothing about commercial real estate. When entering commercial real estate, there are a few tips to keep in mind:
Build Up Knowledge
The first thing you’re going to want to do when entering the commercial real estate industry is learn as much as possible. The best way to do this is to enroll in classes. You can find classes through local real estate schools, college courses or even online courses that will teach you all you need to know to get started. Taking classes not only gives you the opportunity to learn, but also the chance to meet other people in the industry and start making connections.
Besides taking classes, another great way to learn about the industry is through reading. Look at material from books, magazines or even commercial real estate blogs. Newcomers have a lot to learn from the commercial real estate veterans in New York. It’s important to read about their work and learn from them.
Success doesn’t happen by waiting for an opportunity to be handed to you. You won’t get anywhere in commercial real estate by sitting around. It’s important to attend local meetups and events to make connections and build up your network. By attending these events you’ll be meeting other people in the industry who can help take off your career.
Gaining hands on experience through internships is another great way to take action. Look into interning for a local brokerage firm to learn from the top brokers and agents in the industry. Don’t let your age discourage if you’re worried you may be too old to be an intern. Agencies are always looking for an extra hand, no matter what your age may be. It’s a great to gain experience and learn from the best.
Utilize Social Media
Social media has become a norm in our everyday lives and can be used as an incredible tool in commercial real estate. Use social media to follow people or your favorite companies, and look to their content for inspiration. You can learn from individuals’ experiences and easily stay up-to-date on their latest news.
It’s also important to use social media to reach out to potential clients and other connections. Once you have found your niche, the interest you decide to specialize in, use social media to get that niche across. Post updates or blogs to show your knowledge in topics like retail, office space, industrial or anything that relates to what you specialize in. This can lead to finding new clients of potential connections to help you find success.
Stay Patient and Persistent
If it doesn’t happen right away, it’s important to not be discouraged. Finding success in commercial real estate comes with a lot of trial and error. It can take years before you see the fruits of your labor which is why it’s so important to stay patient. It’s easy to want to give up when finding a new client or project doesn’t happen as soon as expected, but don’t let that slow you down and make sure to stay persistent.
Even years in your commercial real estate career, never stop attending events or local meetups. Every event you attend can lead to a success story. Experts in real estate should still take a class now and then to brush up on their skills or read about other experts in the industry to stay current on the trends. A career in commercial real estate, especially in New York, takes time and dedication.
About Avraham Glattman
Avraham Glattman is the owner of First American Properties Group, a real estate business based in New York City, New York.
Avraham brings over 26 years of experience working as a real estate agent in the city, where he continues to work today. He graduated from Newport University with a Bachelor’s Degree in Business Administration and Management and remained at the university to attain his Masters of Business Administration (M.B.A.). After graduation, he jumped straight into the real estate field in 1992 in the greater New York City area. Throughout his career, Avraham has explored listings across the New York area, keeping a detailed account of the locations, pricing and comparable properties in the housing market.
After gaining a wealth of knowledge about the real estate marketing in New York, Avraham Glattman decided to take it a step further by creating First American Properties Group with his longtime business partner, Pete Jacov in 2008. First American Properties is a real estate and development company that services the five boroughs of New York. The company currently owns residential and commercial properties in Queens, Downtown Brooklyn, Harlem, and Manhattan. The company focuses on monitoring the growth and development in different areas of the city, so they can work to establish more patterns of growth and help revitalize the area.
While monitoring the different areas of New York City, Avraham Glattman consistently keeps an eye out on up-and-coming neighborhoods that he could potentially invest in. For example, after seeing Harlem, Avraham was immediately impressed by the neighborhood’s charm, leading him to invest in properties in the area. With a convenient location next to the subway and charming business like music venues in the area, it was not hard to see what attracted Avraham to the area.
Today, Avraham Glattman continues to find new investments with First American Properties Group, alongside his business partner, Pete Jacov. Together, they are working towards the goals that they set for First American Properties Group. The goals include acquiring property in the Harlem area to renovate and sell, as well as acquiring properties in all five boroughs.
Avraham was borned and raised in Israel, where he went graduated high school. Not long after, he served in the Israeli army for three years, before he was sent to the United States to work with an Israeli newspaper in Brooklyn, NY. Not long after making the move to New York, Avraham met the woman that would become his wife in 1991. Together, they have three children and two dogs.
In his spare time, Avraham Glattman enjoys spending his time with his wife, three children, and two dogs, and loves to explore new parts of New York City. In addition to his work as co-owner of First American Properties Group, Avraham also finds time to support his children in their various sports events, concerts, and school activities. Avraham’s incredible dedication to both his work and family brings him immense happiness and purpose each day.
To learn more about who Avraham Glattman is, visit AvrahamGlattmanNewYork.com.