Greg Scully is a former small business owner with his wife and business partner, Kim. He also retired after a 20-year career with Frito-Lay. They have been investing in real estate since 2016. Currently, their portfolio consists of an ownership interest ...
Greg Scully is a former small business owner with his wife and business partner, Kim. He also retired after a 20-year career with Frito-Lay. They have been investing in real estate since 2016. Currently, their portfolio consists of an ownership interest in over 150 units in Tennessee and Indiana with a market value of $4,200,000. They have also participated in a land development project in South Carolina. He has recently partnered to scale both the flipping and multifamily investment opportunities in central and eastern Tennessee.
In this episode, Greg shares the foundational elements of a joint venture and syndication and how to go about raising capital to fund these partnerships.
Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/
What you'll learn in just 17 minutes from today's episode:
"I am of the mind that fewer is better [number of JV partners]. If you can keep it under six; that would be my sweet spot." - Greg Scully
"We came up with education platforms; we often come along with a pretty tight network. So that is largely where our initial investor base came from, which is the relationships. We paid for education to ramp up and accelerate our growth in this business." - Greg Scully
"It's just been a great avenue [having a podcast]. I like these longer conversations instead of popping in and out of social media. This lends a lot more to my personality. It's a great way for people to get to know you. You can just get much more granular with questions, and things are this way or that way. And through those kinds of conversations, you can build trust with each other. People will work with you in business when they like, know, and trust you." - Greg Scully
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