139. Ensuring Your Deals Pencil Out with the Right Mortgage with Rob Beardsley
Manage episode 433000428 series 2853794
ABOUT ROB BEARDSLEY
Rob Beardsley co-founded Lone Star Capital in 2018 and has overseen the acquisition, financing, and management of over $600 million in apartment communities. As CEO, Rob drives the strategic growth of the firm, while also identifying and raising capital for new investment opportunities. He leads Lone Star Capital's in-house property and construction management division, Lone Star Communities, ensuring excellence in renovation, lease-up, and ongoing management. Rob has sold over 25,000 copies of his two books on commercial real estate. He is a sought-after speaker at industry conferences nationwide and hosts the popular Lone Star Capital podcast. Prior to Lone Star Capital, Rob studied Information Systems at Carnegie Mellon University for two years before pursuing his entrepreneurial ambitions full-time.
THIS TOPIC IN A NUTSHELL:
Rob's career and journey to real estate
Challenges encountered and how to overcome them
Building your network and finding the right partners
Lessons learned along the way
How do you nurture your investors?
Rob’s take on raising capital
Acquisitions and setting up a capital stack
Pros and cons of floating rate debt vs. fixed rate debt
How to make your numbers pencil out
Kind of deals that they are actively pursuing
Capital Expenditures and returns of the project
Underwriting with the current market & rates
Advice to his 20-year-old self
First Entrepreneurial Endeavor
Formal and Informal training that shaped his journey
His biggest mistake and what he learned from it
Connect with Rob
KEY QUOTE:
“Do things when you can, not when you have to. ”
SUMMARY OF BUSINESS:
With over $500 million in acquisitions and over 30% returns since 2018, Lone Star Capital is a fast-growing real estate investment firm owning and operating over 3,000 multifamily units in Texas. We deliver superior risk-adjusted returns through diligent sourcing and selection, vertically integrated property management, and rigorous reporting.
ABOUT THE WESTSIDE INVESTORS NETWORK
The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.
The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.
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CONNECT WITH ROB:
Website: https://www.lscre.com
LinkedIn: https://www.linkedin.com/in/rob-beardsley
Facebook: https://www.facebook.com/RobBeardsleyLSC
YouTube: https://www.youtube.com/@RobBeardsley-LoneStarCapital/videos
CONNECT WITH US
For more information about investing with AJ and Chris:
· Uptown Syndication | https://www.uptownsyndication.com/
· LinkedIn | https://www.linkedin.com/company/71673294/admin/
For information on Portland Property Management:
· Uptown Properties | http://www.uptownpm.com
· Youtube | @UptownProperties
Westside Investors Network
· Website | https://www.westsideinvestorsnetwork.com/
· Twitter | https://twitter.com/WIN_pdx
· Instagram | @westsideinvestorsnetwork
· LinkedIn | https://www.linkedin.com/groups/13949165/
· Facebook | @WestsideInvestorsNetwork
· Tiktok| @WestsideInvestorsNetwork
· Youtube | @WestsideInvestorsNetwork
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