The Cost of Running a Local Investor Group

Class Recording

The following is an AI-generated summary of what is in the video:

Running a local real estate investor group or club can be a great way to get leads and develop business, as well as improve your processes and systems. However, it's important to consider the costs associated with running such a group. On average, it will cost about $200 per month to run an investor club. This includes expenses for batteries for lapel microphones, email systems, printing costs, and book giveaways.

One of the most valuable assets of running an investor club is building an email list. It's important to have an email list built somewhere, even if it's just in an Excel spreadsheet or free email service. This will provide a redundant system for people to stay in touch with beyond Meetup, as people may opt out of Meetup or lose their account. Building an email list will help you keep in touch with people who have an interest in real estate investing, and it's worth the investment.

Another important expense to consider is the cost of printing. On average, it will cost about $10 per meeting for miscellaneous printing, such as printing out new member profiles. However, the cost can be higher if you need to print out handouts or deal analysis spreadsheets for a class. In addition, it's important to consider the cost of giving out books to new members. Depending on the book you choose, it can cost around $4 per book.

While the costs of running an investor group may seem daunting, the biggest expense by far is time. It takes about 10 hours of prep time to do one hour of classroom time. However, the investment of time can pay off in many ways. Running an investor club can be a great way to develop your processes and systems, as well as build relationships with potential clients. It can also be a valuable source of leads for your business. So while it's important to consider the costs, it's also important to recognize the benefits and decide if running an investor club is worth it for you.

Love,

James Orr
The Real Estate Financial Planner™