Real Estate Journal
There is Indeed Strength in Numbers By Rebecca McLean, Executive Director, National REIA
I
t is hard to believe that this is the
tenth issue of the RE Journal. When we first launched this publication, our goal was to add value to your business through relevant news articles, important information and featured commentary that you can use to further enhance your bottom-line. As a member of National REIA, you know the importance of furthering your education and sharpening your skills on a regular basis. We are confident that this publication has helped further that goal and so much more! That notion fits perfectly into what we do here at National REIA. We provide the support that you need so that you are free to innovate, to build, and to succeed in today’s ever-changing marketplace. We offer education, legislative support and benefits that include market updates, services, discounts, and other professional resources that you need to run your business (see article on page one). More importantly we provide a solid, nationwide network where you can
Real Estate Journal · Winter 2018
connect with other investors for ideas, insights, and support. Being a member of National REIA helps keep you at the top of your game, well informed, and firmly protected so that you can do business in an industry that we believe is, as Marshall Field said is “…not only the best way, the quickest way, the safest way, but the only way to become wealthy.” We are living in exciting times for real estate investing. While the property market seems to be facing uncertainties brought upon by a strengthening economy and contradicting economic indicators, we know better. Smart real estate investors never let a crisis go to waste and are quick to identify a silver lining in any situation, turn it to their advantage and move on to the next deal. It’s a phenomenon not unlike that in nature when all creatures, great and small, participate in a perpetual cycle of regeneration. Whether you buy & sell properties, invest in multifamilies, enjoy buy-n-hold landlording, or provide funding for complex deals, you play an integral role in where people choose to live,
work and raise a family. Now that’s impressive! After all, our current economy is built on ideas that fuel innovation and give the edge in competition. Ideas that are able to spread the fastest, win. Did you know that at one time in America owning a farm was the ticket to wealth? Then came industrialization and then factories were the moneymaking road to riches. The first 100 years of our country’s history were about who could build the biggest, most efficient farms. The second 100 years were about the race to build more efficient factories. Now we’re firmly in the third century and this one’s about ideas. The good news is that in this economy you’ve got more choices than ever. Try this strategy or that one? Quit a full-time job to invest or attempt to handle investing as a second income? Take on a partner or do it all yourself? The explosion of choice is one of the unanticipated, unavoidable, outgrowths of the convergence of technology, abundant capital, economic growth, and a changing market—the new world of business
in which all of us work and live. The bad news is you have tougher decisions than ever with each one involving higher stakes. The margin for error has shrunk and the variables are more complex than ever. That is why there is strength in numbers. At National REIA we play a vital role in keeping our industry strong and our members successful. That is our renewed commitment to you as we start yet another year – our 32nd in fact! And, as my good friend George likes to say, “Good Luck and Good Investing!”
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