You only need to be 310 for hard mode, and only at the end. There are plenty of LFG sites to find people that can take you. My personal suggestion is to join a clan though. That is the best way to get a consistent group to raid with.
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Hope you are right haha I want the raid arms they look kinda cool. Honestly for a once a month thing the rewards should be up there especially since it can take a while to get any gear at all from it.