Tidewater Real Estate Investors Group Incorporated

The Tidewater Real Estate Investors Group Incorporated (TRIG) is a nonprofit 501(c)(6) organization founded in January 1979. It is primarily focused on promoting education and networking in the field of real estate investment across the Tidewater region of Virginia, including cities like Virginia Beach, Norfolk, Portsmouth, and Suffolk, as well as parts of Eastern North Carolina.

Mission and Goals

TRIG's mission involves providing a platform for individuals involved in real estate investments to enhance their knowledge and skills. The group aims to promote a high standard of professional ethics among its members, who include real estate investors, brokers, agents, mortgage creators, lenders, and contractors. Key goals include:

• Education: Regular meetings featuring guest speakers on real estate investing and related topics.
• Networking: Facilitating connections among members to foster learning and business opportunities.
• Professional Development: Encouraging members to improve their investment strategies and financial sustainability.

Membership and Activities

TRIG is a membership-based, dues-paying association. Members come from diverse backgrounds, including law, construction, and finance, and range from novice investors to experienced real estate professionals. The group emphasizes the importance of ongoing learning and offers workshops on various aspects of real estate investing.

Legal Status

As a 501(c)(6) nonprofit, TRIG is classified as a business league, similar to chambers of commerce or real estate boards, aimed at improving business conditions. However, donations to TRIG are not tax-deductible.

Financial Overview

The organization generates revenue primarily from contributions and, to a lesser extent, program services. TRIG maintains a strong asset base with no liabilities reported. Executive officers and board members receive no compensation, reflecting the organization's volunteer-driven ethos.

Civic Engagement

TRIG also monitors and educates its members on relevant real estate legislation and regulations, both locally and nationally, to help them navigate the changing legal landscape affecting their investments.

Overall, TRIG serves as a vital resource for the Tidewater region's real estate community by fostering knowledge sharing, networking opportunities, and ethical business practices.