Herbert Strather: The Master Real Estate Investor

Honestly, since I've been studying money making methods, including real estate, I've been fortunate enough to meet many different investors. Some of them are truly great.

You might notice my title of this post. I don't know whether Herb Strather is the best, but I know he's really good. Why am I writing about him?

Well, I saw him talk this past week, but truthfully, I see a lot of presentations. So that, alone, isn't it. Let me tell you. While he happens to capture me with his lambasting passion--you really can't help but notice it--what separates him from many others is that he removes YOUR excuses.

You see, Herb spent his childhood living in one of Detroit's "hoods." (For those of you who really know the City of Detroit, he was near Mack and Mt. Elliot.) He and his family had no money, but Herb used this to his advantage. This gave him a burning desire to find a way to escape life's prison.

Before graduating high school, he started working in a local factory. So he was making a little bit of money, but he wasn’t getting rich. However, he had the foresight to build his relationships with the bankers waiting on him. When he graduated, he borrowed the money to buy his first house and found a way to put cash in his pocket. That’s right! He got property AND cash! He had a debt to repay, but he used that cash to buy another property. Now many years later, he completed more than two billion (yes, billion) dollars in deals.

So if a poor, underprivileged black kid from inner-city Detroit can do it, what is most of the rest of our excuses?

Herb removes most, if not every, excuse not to invest successfully in real estate. Plus, he makes himself available so often at such reasonable prices. I saw him for FREE the other night. I bought a paperback and an e-book from him. Compare the price of those things to what many others charge you. (Remember: Herb did not require that we buy the book.) He is a pretty amazing resource. He has a passion for rebuilding Detroit’s dilapidated neighborhoods, and he is willing to help anyone, especially those that help revive the city. It’s an absolute shame that more people don’t utilize him.

If you get an opportunity to see Herb Strather, I suggest you run—don’t walk—to see him. In the meanwhile, check out his website: www.StratherAcademy.com.

3 Reasons to Go to Local REIA's

This post is for beginners and experienced investors.

Go to your local area REIA's (Real Estate Investment Associations). As the title promises, I'll give you three (3) reasons why you should attend REIA events:

1. Relevant News: They will help keep you current. You might know nothing; you might know a lot. However, you get a chance to hear about new laws, proposals for laws, new techniques, new products, websites, helpful software, classes, etc.

2. Networking: You get a chance to meet people. You never know when you will meet someone who can lead to a buyer, seller, an eventual partner, a vendor, a new idea, or just simply a motivational comrade.

3. Keeps You Moving: An event forces you to commit to spending time developing your real estate investing. After a while, you will see some of the same people, and some of these people will ask you about your progress. There are times that you will need or want this external motivation.

I live in the Detroit Area, and there are several around here. I've been to two (2) of them:

Oakland (County) REIA...http://www.reiaofoakland.com/
Macomb (County) REIA...http://www.reiaofmacomb.com/

While nothing ever is perfect, both of these are very good. Let me know if you have any questions about either of these. Personally, I am more familiar with the Oakland REIA.

For those who are insterested, there are others in Southeast Michigan:

Wayne (Country) REIA...http://www.reiawaynecounty.org/
Genesee (County) Landlord Association...http://www.geneseelandlordassoc.org/
Detroit Real Estate Investor Network (I cannot find a website for this.)
National Real Estate Network...http://www.megaevent.com/

Let me know if you know any others.