Managing multiple businesses can be challenging; doing so when you have four kids takes strategy! Today, Spencer Caldwell shows us how it's done!
Way back in college, Spencer thought he wanted to be a dentist, but when he saw how much he would be in debt, he said: "no, thank you." Within a year, Spencer purchased 10 investment homes and launched a profitable career, buying and selling investment properties at auction. He'd found his passion.
Today, Spencer is the founder of Gentry Real Estate Group and its BuyLowAZteam subsidiary, which offers Trustee auction bidding services, and specializes in new and residential home sales, house fixing and flipping opportunities, resales, land and lots, investors, and relocations.
On today's episode, Spencer shares his start in real estate, how he lost everything in the crash, and had to set his mind to building it back up. We discuss how he accomplished this by diversifying his portfolio with different businesses and some out-of-the-box investments.
How Spencer entered into real estate investing
His pivotal moment when he decided to go into REI
Helping investors pick up foreclosures
What he feels the secret to success is
How focusing on others, helps you and your business
His daily routine (it's not easy with 4 kids!)
Building and selling a property management company
Working effectively with partners
You're either multiplying and managing or reducing and simplifying