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About The Real Estate Investor's Club

The Real Estate Investor’s Club of Los Angeles (LAREIC) was started in 1996 by 20-year veteran investor, Phyllis Rockower, who moved at the bottom of the market. Since she had no contacts in L.A., she formed a real estate investor’s club in order to network and to meet people of like minds. After having belonged to such a club in the other cities she lived in, she knew the value of mingling with people who can help you and won’t discourage you.

We are not professional seminar promoters. We are experienced investors who have been there and done that and are dedicated to helping you sort out fact from fiction and, educators from pure pitchmen.

We have thought about some of the things that these unscrupulous characters are doing that seem suspect and came up with some rules to consider when deciding what is a real club and what is not.

    1. How long has the outfit been in business? If it's only since the market got hot-beware!
    2. Do the meetings have no charge? Why would they not charge? What is their objective?
    3. Are they only promoting one person's service or material? If so they are not objective.
    4. Do they have a professional staff of high powered sales people? This is not cool.
    5. Do they contact you with high-pressured sales pitches? Once again, they are not about teaching you, but selling you.
    6. Do they constantly try to get you to sign up for more and more expensive coaching services that run $5000 and more? If so, they do not have your interests at heart. You need to buy educational materials but most don't run into the thousands of dollars.
    7. Do they offer money back guarantees on all the products and seminars they sell? Lots of luck with some companies that don't.

There are many honest and reliable outfits and clubs that are genuinely beneficial to those looking to increase their knowledge. We always promote these people as they do for us.

Add us to your address book so your ISP won't think we are spam and watch for our valuable articles.

REIC of LA Staff

Phyllis Rockower - President & Founder, REIC of LA
Phyllis Rockower first started in real estate in 80’s in New York, buying her first fixer upper in 1979 for 82k and selling it 7 years later for 435k. This got her excited. She bailed out of the Long Island market right before it tanked and moved to Florida, determined to do this over and over again. She started out small, buying and fixing a few houses. She then started going to seminars to learn how to really do this and the rest is history. She quickly owned 40 rental properties and was well on her way to building a lucrative retirement.

However, as they say, life happens while you are making other plans. She found herself divorced with little money and no credit and her assets sadly diminished. With the knowledge gained from her intense studying program, she was able to move first to Denver for 2 years and then to Los Angeles where she has been for nearly 14 years. Each time she bought and sold real estate and started a real estate investor’s club - both of which are flourishing.

She has put a lot of effort into building the clubs because she knew first hand the value of having a likeminded group to network and learn from. Today the Real Estate Investors Club of Los Angeles (LAREIC) has hundreds of members who meet monthly to improve their chances of success by learning from the exciting speakers that come to meetings, and from the other members as well.

Phyllis has been interviewed for her real estate expertise by CNBC 4 times; The Daily Breeze, Channel 7 News, Investor’s Daily, KNX Radio, NPR and Time Magazine, just to name a few. She is an active investor herself rather than a seminar promoter. Phyllis not only talks the talk, but walks the walk.

Kiwi - Mascot, REIC of LA
Kiwi has been an active member of the office staff for several years now. Although diminutive in size, his contribution is nonetheless significant and important to the smooth operation of the investors club office. His official duties include chasing away door to door salespeople, accompanying Phyllis on site inspections of potential properties as well as aiding Phyllis' mentoring or small group training sessions.

When not involved with real estate, Kiwi indulges in his favorite specialty - finding the perfect sunny spot to nap & supervise the day to day tasking of the rest of the staff.
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