Oversubscribed ⚠️⚠️⚠️
By $40,000,000?
That's the report on GRANT CARDONE's raise to acquire a Scottsdale office complex about 5 minutes from where I used to live.
Here are 5 lessons from what Grant has done you can use to raise a lot more capital too:
1. Grew his investor network (Before the deal)
Grant has been around for a while and obviously has a huge network of fans and investors.
Too many people think that the money will just come when they have a great deal.
Even Grant had to build his investor network well beyond friends and family so he could take down these types of deals.
2. Invested in marketing
How many millions do you think Grant has invested in marketing and personal branding in the past few years?
A lot of RE entrepreneurs say they want to scale their capital raising and line-up big time investors, but they're not willing to invest in themselves or their marketing.
A marketing investment, when done the right way, has higher ROI potential than just about any investment you can make in a real estate deal.
3. Leveraged marketing assets
Just like real estate assets, there are marketing assets you can use to establish your credibility and build trust at scale.
Some of the best ones include webinars, podcasts and books. All of which Grant has been leveraging for years.
4. Relied on multiple lead sources
Similar to multiple streams of income, you want to have multiple lead sources for finding investors.
While you don't want to spread yourself too thin and necessarily be on every platform, it's smart to reach potential investors across multiple channels.
5. Understood the compound effect
Grant wasn't able to oversubscribe a deal by $40,000,000 overnight.
His investments in marketing and efforts have compounded over the years, creating these types of results.
It's important to be in it for the long game and recognize how scalable marketing and relationship building compounds over the years.
Ask yourself...
Which of these do you need to be implementing more of as you scale your capital raising?