Property investment groups / clubs?

I have heard that there are groups or clubs you can join (of various sizes) that pool resources to make property / RE investments. Does anyone have any experience with how this concept works? It sounds like a decent way to lower your risk and spread your dollars out over a number of investments (ie: diversify, just as one might do in the stock market). Thanks! Good tip on REITs, however my understanding is that they buy LOTS of RE and all over the place, so your ability to have some control over the investments is nil - it's just a bunch of analysts buying billions of dollars of properties and trying to outplay other REITs for profits. Not to say they're not intelligent - I'm sure they are - but I would personally be far more comfortable making investments that I can research and approve of. Remember when the Japanese REIT bought trillions of dollars of RE in the USA in the 1980s and then took a bath on it so hard in the early 1990s that their whole economy suffered a deflationary cycle for a decade?

3 years ago - 3 answers