Today, join us as we explore the world of real estate with Scott Pennebaker, a visionary in the field of real estate investing, wholesaling, and the integration of technology in property dealings.
Facing the challenges of the COVID-19 pandemic, Scott adapted his business model, emphasizing the significance of pivoting strategies in uncertain times. His venture into wholesaling marked a turning point, leading to the creation of a multimillion-dollar business empire.
In 2021, Scott’s company took a significant leap with a $65 million capital infusion, marking a new phase in his entrepreneurial journey.
In this episode, Scott shares his insights on scaling a real estate business, the lessons learned from early management challenges, and the crucial role of private equity investment in business growth. He also delves into the complexities of software development in the real estate sector and how it complements traditional transactional business models.
Discover Scott’s unique approach to navigating downturns in the real estate market and his vision for the future, where software and transactions run side by side, potentially reshaping the landscape of real estate investing.
- “In 2020, when COVID hit, we were locked out of college campuses. So that’s when we pivoted all our resources and energy full-time into wholesaling.” – Scott Pennebaker
- “You have to be laser-focused. And we talk about that, and I come back from the mastermind meetings… but at the same time, it’s very easy to get caught in the weeds and lose the forest between the trees.” – Scott Pennebaker
- “We could bully the business between Brandon and Al and I to about 10 million, but to get to 25 million, it’s going to take a lot more of an army… we’ve had to learn how to manage people, how to bring people in and put them in the right seats.” – Scott Pennebaker