Nov 23, 2020
Today’s guest is Chris Grenzig,
Asset Manager at Toro Real Estate Partners. He focuses on the
management, sourcing, evaluation, and acquisition of new assets for
Toro’s Multifamily Portfolio. He started his career in the real
estate business in 2016 by trying to flip houses in Long Island,
New York. He faced several hurdles along the way, which led him to
the multifamily business.
Let’s dive into Chris’s story
and find out how this former Division I soccer player learned about
accepting investments from family and friends.
[00:01 – 08:41] Opening Segment
- I
introduce our guest, Chris Grenzig
- Chris
walks us through his pre-real estate days and his early real estate
career.
-
- He
talks about his transition from coaching in college to investing in
real estate
- He
talks about his early real estate career, which led him to meet
John Cohen of Toro Real Estate Partners
[08:42 – 21:53] Accepting Investments from Family and
Friends
- Chris
shares his motivations for entering the real estate
business
- He
talks about the role of coaching, seminars, and other educational
activities in learning about real estate.
- He
shares the challenges they have faced in doing real estate
business
- He
shares how the multifamily business fits his values and
morals
[21:54 – 29:40] Getting in Touch with Potential
Investors
- Chris
talks about his roles in Toro Real Estate Partners
-
- He
shares that everybody has a focus, but they all handle other tasks
too.
- Chris
mentions the 80/20 and 70/30 rule.
- Chris
shares his secrets about getting new investors
-
- Aside
from marketing, advertising, and branding, how can you get in touch
with people?
- He
talks about social media platforms in terms of investor
relations
-
- Where
can you find the established people?
- He
walks us through their process of talking with potential
investors
[29:41 – 36:30] Closing segment
- If your grandkids and great-grandkids plan to
write a book about you, how would you title the book, or what
characteristics would you like to be highlighted in that
book?
- Chris
doesn’t have a specific title, but he wants the book to be about
his legacy
- He
shares how he wants to be remembered
- Chris
talks about the advantages of technology, the internet, and social
media for the young generations
- Find
people who need your knowledge and skills, even if those are not
related to real estate
- Connect with Chris. See the links
below
Tweetable Quotes
“When I got into
multifamily and I learned more about it, I feel incredibly
comfortable accepting money from family, other people.”
– Chris Grenzig
“Don’t hang up until you
hear ‘no.’” – Chris
Grenzig
“Not every investor is for
you.” – Chris
Grenzig
Resources Mentioned:
You can email Chris directly
at chris@tororep.com or follow him online: Instagram, LinkedIn, Facebook, and
YouTube. Check out their
website at Toro Real Estate Partners
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