New to multifamily - Should I buy into existing network?

[Paul S.]

My wife and I are attending a Multifamily event this March by one of the big name investors. From my understanding its more than $20k to access his existing network of deals, investors, contractors, real estate agents, etc... Is it worth it? 

[Kris Wong]

I feel it's worthwhile to present the dissenting opinion here. I assume you are inquiring about Brad Sumrok and his AIM event/program. The answer to your question really depends on you. As far as paid mentors go, Brad's program is generally considered to be one of the best wrt. multifamily. I know several people that are in the program that love it. He definitely has helped many of his students do deals, and continue to do deals. You can easily make that $20K back, and much more, with just one deal. The question is, do you need the jump start he's offering? Would you feel better having all of your team members already lined up for you, a large network of passive investors, and multiple people to review your deals? Also keep in mind that Brad has hundreds of students, which amplifies the competition in the markets where his students are concentrated (DFW mostly). I highly recommend that you attend the Austin AIM meetup, the first Monday of every month at the Quest IRA office at 7PM. I also recommend that you attend Ken Harris's multifamily discussion group every Tuesday at Casa Chappala at noon. There are several of Brad's students at both meetings.

I attended his R2R event, and ultimately decided to take the dive without his program. I do believe that if I had signed up for the program, that I would not have regretted that decision either.