C5 Summit in NYC this August 15-17, 2022. Has anyone been to this before and is it worth it?
This is promoted by the NAR. I’m still a newer Realtor wanting to break into commercial real estate someday. This “C5 Summit” event is $1,000 to attend, not including lodging. Has anyone ever been to one of these and is it worth it? If this breaks the rule for “newbie advice” please let me know. I’ve searched Reddit and browsed the internet for more info about the C5 summit and not a lot of past info on it.
[{"id": "ifqrx82", "text": "I think the real answer is \u201cit depends\u201d. I\u2019m a smaller scale developer and I have been through this thought process many times over the years.\n\nThis year, I\u2019m putting together 150 units, and I can potentially split the $1,000 entry cost over 2-3 companies or 4 projects. When I\u2019m there, I do have the unit count where it I\u2019m always looking to raise money, have a couple larger projects of interest for investors, and have experience to talk the talk.\n\nHowever, prior to this year I don\u2019t think it would have been worth it. I\u2019ve been in business for 6 years and the first 5 I didn\u2019t have the income, unit count, exp, or ability to pay $1,000 when that was 1.5 months of rent for me, or that $1,000 could have gone into my pocket. \n\nNetworking is great for a long run pipeline, but relationships take time. Can you afford to spend that money now for benefits later?", "replies": [{"id": "ifr3fp7", "text": "Thanks for the thoughtful response. I\u2019ve had a good year in residential RE and I could swing the money and the trip. But I dunno. I just don\u2019t want to go there and have this event be just one big sales pitch. Networking it great and necessary, but honestly, I loathe schmoozing (funny, right?)\n\nYou\u2019re ultimately correct: it depends. \n\nThanks again for your response. Still on the fence, but I haven\u2019t been to NYC in years, so perhaps I\u2019ll go just for the vacation aspect of it.", "replies": [], "depth": 2}], "depth": 1}]