The Real Estate Investment Association of Austin is a member in good standing with The Texas Wealth Network.
Shenoah Grove owns The Texas Wealth Network, along with her husband, national real estate speaker & trainer, Phill Grove. She’s been operating The Texas Wealth Network since 2004 and has seen it grow over the years, in up markets and down.
Austin real estate investor Nancy Gonzalez operates the REIA of Austin.
Nancy operates the club with a high degree of integrity and makes every effort to provide a valuable experience to the club members. To that end, she brings in (mostly local) speakers that provide content and value to the club members. All past speakers can be viewed on the Past Speakers tab of the website. From there you’ll quickly see that this club does not promote national gurus who come in to town just to sell books and tapes.
Every single presentation and speaker must pass ownership’s critical standards before they are allowed to present at the REIA. The reason they sticks so strictly to this policy is because of their own experience as real estate investors and being in the audience. They know that a club will only grow and thrive in an environment where the club members feel supported and are able to get truly valuable information.
Most REIAs bring in out of state speakers to make money and support the club. However, if the vision of the speaker is not congruent with the mission of the club, they will forgo the short term revenue to build relationships with the REIA members instead. That’s their philosophy and they stick to it.
In all truth, while the REIA brings in some revenue from memberships and vendors, it doesn’t come any where near paying for the expenses needed to host the events, update the website, create promotions or the time involved to manage it. They consider the REIA a “loss leader” from that respect, but continue to operate it because of the relationships they’ve formed in the local community as a result of operating it. In fact 50% of their local deals come from networking with other investors in the REIA. This does make a lot of money. It’s not about making money off the people in the REIA – it’s about making money with the people in the REIA!
In addition to their presence and leadership at the REIA, Phill, Shenoah, and Nancy are well known local investors. The Groves are well known national speakers as well, with tens of thousands of customers and followers nationwide, and around the world. They are prized speakers because of their no B.S. approach to investing and teaching and because they are some of the few national gurus that actually invest in real estate.
Shenoah has been investing in real estate since 2003. She holds a B.A. from the University of Texas and an M.B.A. from Rice University. She’s also a REALTOR and Broker licensed in Texas. Phill has also been investing in real estate since 2003. He holds a B.S. in Electrical Engineering and Computer Science from George Washington University. Together, Phil & Shenoah, at any moment, will typically hold title to 20 or more residential rental and/or fix and flip properties in central Texas. They live in Barton Creek with their son, Zilker.
Nancy Gonzalez took over this Club in 2013 in order to provide local investors with the opportunity to put opportunities with money, meaning that if you have a deal but no money, you may find an investor with money at this investment association. Conversely, if you have money but no properties, you’ll be able to find people with properties in this investment group.
Remember, it just takes one connection to turn a dream into a profitable transaction… and to potentially change your life forever… so join us on the second Tuesday of every month!
* If you have attended a meeting before and want to come back you must join our club. Visitors are only allowed to come as a guest one time before joining, no exceptions. JOIN NOW! Coupons cannot be applied towards membership dues.
If You Like Networking With Other Austin Real Estate Investors, Then You’ll Love The Real Estate Investment Association of Austin!