Raising $1,000,000: Lessons from My First Fund

Welcome to a new episode of Get Creative! In this episode, we dive into the journey of raising your first million dollars for a fund. You'll hear about the crucial lessons on building investor relationships, the importance of credibility, and the compound effect of hard work. Learn how leveraging a fund of funds strategy and reinvesting into relationships with investors can lead to long-term success. Our guest shares personal stories about raising money, mentoring others, and the unique approaches that set them apart in the world of private capital.   Highlights: "That $100,000 isn't just money, it's someone's life you're risking."   "Do the things nobody else is willing to do, and success will follow."   "Veena gave me the opportunity to raise a million dollars by giving back to her investors."   "You don't just build a fund, you build relationships and credibility over time."   Timestamps: 0:00 – Raising the First Fund of Funds 1:26 – Teaching Molly to Raise Money 3:00 – Investing in Relationships 3:56 – Educating Investors Through Masterclasses 5:41 – Building Credibility and Track Record 6:00 – The Compound Effect of Hard Work 6:34 – The Importance of Relationships 7:02 – Building a Personal Banker 7:31 – The Role of Credibility and Momentum 8:26 – The Long-Term Vision   ► Join The Subto Community & Learn Creative Finance Directly from Pace:  https://paceapproves.com/subto-gc  ► Want to Become a Private Money Lender? Join Us For The Upcoming LIVE Training this Saturday to Learn How to Lend Money on Real Estate Deals: http://joingatortribe.com/yt    ► Join Our Free Facebook Group to Connect with Pace and his Students: https://paceapproves.com/freefb-yt    ► Become a Top Tier Transaction Coordinator and Make Money Doing The Paperwork For Real Estate Transactions: https://paceapproves.com/tttc-gc    ► Listen To Pace and His Students Share Insider Secrets To Real Estate Investor Success: https://getcreativepodcast.com/    PLUG IN & SUBSCRIBE Instagram: https://www.instagram.com/pacemorby/  TikTok: https://www.tiktok.com/@pacemorby