If you’re a hotshot tech entrepreneur who’s ever thought about diversifying by getting into real estate, today is a good day to explore your interest.
Investors Beat, a Cambridge-based online magazine that publishes tips for real estate investors, is holding its first meetup Wednesday at 6 p.m. at the Cambridge Innovation Center. It’s a celebration of the site’s 100th article and a chance to network and ask questions about the industry.
The magazine is not geared toward tech professionals, specifically, but it’s a natural fit. When I met founder Shelli Trung last month at Workbar in Central Square, home base for Investors Beat, she explained that much of her publication’s early coverage has focused on tech innovation.
“The real estate industry as a whole is very dated,” she said. “They don’t really use technology very well, and we’re trying to be part of changing that—shine light on some fantastic technology that helps real estate investors.”
Investors Beat stories often follow a how-to format, but not in an abstract, 10-things-to-know-before-you-buy kind of way. The site is big on concrete examples from real investors who open up about their successes and failures.
If you like data, this is your kind of guide.
“We want to use the investor’s story to educate others,” Trung said: “how they did it, how much they bought something for, how much they renovated it for, how much they sold it for, how much they made.”
Trung is still in her early 30s but already is an experienced real estate investor, herself. She started at 26 in her native Australia and built a $1.5 million portfolio in just three years, then entered the US market by purchasing two homes in Arizona.
Trung started Investors Beat last year to supply the kind of helpful information to young real estate investors that she wishes had been available to her when she came to the United States.
“If I couldn’t find it when I got here, obviously there is a gap,” she said.
Trung picked Boston over other hotspots because she “just fell in love with the innovation scene, the startup scene here.”
If you do plan to attend this evening’s meetup, RSVP quickly. There aren’t many spots left.