Is It Good To Only Have 15 Members In An REI Club?
ive heard other clubs outside of CA have like 75-300 members in their club.
and ive seen only 2-3 classified investor ads on our local newspaper. hmmm less competition i guess?
Well, as the Bishop said to the Actress "Its not the size its the quality."
15 is plenty of members if what they do is work together and co-operate to make things happen. This is, in fact, about the ideal size. Those clubs with hundreds of members can turn out really good motivational and educational speakers for a meeting but they cannot sit down and analyse a specific property to see if it makes sense or not. And they cannot pool their money to actually buy a building.
One of the most successful REI clubs I know doesn't have more than 50 members. Their monthly meeting is a dinner and poker game. Million dollar deals are done over the poker game. One guy needs an investor. Another guy says he'll put up the money if guy number one lets him do the general contracting. One guy has some commercial property but not enough to build a strip center. Another guy knows who owns the adjacent parcel.
Hey,
"It was the best of times; it was the worst of times..."
15 members could be the best REI club on the planet or it could be 15 endless dreamers, who live in their parent's basements. Who knows?
Personally, I think REI clubs (like most things in life) are a bell curve. The x axis is the number of members and the Y axis is the "value" of the club. In general, as you gain members the "value" of the club goes up...but only to a point, then it is nothing but diminishing returns.
I can't tell you the number where this starts, but I would guess somewhere around 100 ACTIVE members.