Raising capital is not an easy feat and in today’s episode, we’re going to dive into them! In his role as President, Spencer develops, leads, and executes investment strategy, performs underwriting and due diligence of all assets in the Gray Capital portfolio, and interfaces with investors. Since founding Gray Capital, LLC Spencer has been involved in over $1 billion in transactions. Spencer is also President and CEO of Gray Properties, LLC, a commercial real estate-focused family office. As an entrepreneur, Spencer has founded several successful businesses in the fields of media distribution, real estate, and agriculture before turning his passion for investing in commercial real estate into what is now Gray Capital, LLC. Spencer has extensive experience in a variety of real estate investing strategies since buying his first rental property in 2006. He is an avid outdoorsman who enjoys rock climbing, fly fishing, archery, and free diving. He is also a father to two girls.
[00:01] – [06:34] Opening Segment
- Let’s get to know today’s guest, Spencer Gray
- Get great weekly reports here https://www.graycapitalllc.com/newsletter/
- Spencer shares his and his company’s REI journey
[06:35] – [29:46] Raising Capital, Teams and Meteoric Growth
- Two Keys that Helped Scale Spencer’s Business
- Why You Should Start Thinking Like the Vast Majority
- Institutionalizing Capital Raising
- Conversations with Capital Raising Leaders
- A $200 million Fundraising Story
- Are we taking this deal to the finish line?
- “It’s like an arranged marriage.”
- What to do when you lack a track record
- The market is so dynamic, here’s why
[29:47] – [32:44] Final Four Segment
- What Spencer would invest in with only $20,000
- House hack
- How Spencer would help in a real estate mistake
- Analysis paralysis
- Spencer’s way to make the world a better place
- Foundation to support local organizations and help their community
- Reach out to our guest – see links below
- Final words
Tweetable Quotes
“The right partnerships can do great things.” – Spencer Gray
“It’s harder to raise $10,000 than it is to raise $100,000.” – Spencer Gray
“The most important thing on your first deal is just doing it.” – Spencer Gray
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Connect with Spencer Gray through spencer@graycapitalllc.com, Facebook, Instagram, BiggerPockets, and LinkedIn. Visit his website https://www.graycapitalllc.com/ and achieve meteoric growth for your business.
Connect with me:
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.
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Email me → sam@brickeninvestmentgroup.com
