WS108: Strategies for Scaling Your Real Estate Business Profitably with Greg Dickerson

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Summary:

Greg Dickerson, Entrepreneur, Real Estate Investor and Developer, Dickerson investments shares how lifelong learning, delegation, and strong work ethic can help you start and scale your real estate business to the next level.

This inspiring talk starts with Greg sharing his background information. How did Greg manage to grow his one-man construction company to a $30 million organization? What challenges did Greg face as he attempted to scale up his organization? And, how did he overcome them? This show reveals some great strategies that can allow you to scale up your real estate business quickly and profitably.

Topics discussed include hiring practices, challenges of real estate development, real estate litigation, finding the right mentors and much, much more. This show is loaded with some great insights. Tune in now!

Our Gracious Sponsors:

Make sure to be at Joe Fairless’s Best Ever Conference, February 22-23, 2019. Use code: #WHITNEY for 10% OFF!!!

Time Stamped Show Notes:

00:29 – Whitney introduces Greg to listeners
01:02 – Greg started out in the restaurant business and worked his way up
01:55 – Learn how Greg managed to grow his construction business to a $30 million
03:14 – How Greg’s navy background instilled in him a strong work ethic
03:30 – Importance of cultivating a lifelong learning mindset
04:40 – Greg wants to ensure that his employees and peers can learn from his past mistakes
05:25 – Greg’s has some great Book Recommendations on topics such as business, management, and positivity
07:53 – The syndication business explained in layman’s terms
09:02 – Did Greg rely on outside capital when he started out in the real estate business?
09:25 – How does Greg currently structure his syndication deals?
09:54 – Challenges of developing a property from ground up
11:21 – Greg explains how renovating older buildings can help you unlock significant value and realize handsome gains
[spp-timestamp time=”12:16″] – Joe Fairless’s Best Ever Conference is coming up in Denver this February
13:14 – Greg goes to court as the seller tries to go back on his word; did the court rule in Greg’s favor?
16:18 – How iron-clad contracts and thorough document keeping can help you avoid real estate litigation
18:49 – How Greg managed to scale his business by building a good team
21:58 – Greg starts developing spec houses
24:29 – It takes a lifetime of hard work to be an overnight success!
25:54 – Greg’s advice for inexperienced investors who wish to transition to the syndication business
27:00 – Importance of partnering with experienced and knowledgeable syndicators is the best way to gain traction in your career
28:29 – What is the #1 thing that has contributed to Greg’s success?
30:25 – Which developments is Greg most excited about in his business?
32:04 – Greg shares his contact information
32:41 – Schedule a call with Whitney now!
[spp-timestamp time=”32:50″] – A Special Thanks to our sponsor, Life Bridge Capital

In this episode, you will learn

How delegating your work to professionals can allow you to scale up your business
How to partner with experienced investors and syndicators to learn the ropes of the business
Effective ways of avoiding real estate litigation

Resources