{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"TGCI 212: What goes behind the scenes in Multifamily Aquisitions","description":"In today\u2019s show, Pancham interviews Rob Beardsley - principal of Lone Star Capital, and author of \u201cThe Definitive Guide to Underwriting Multifamily Acquisitions\u201d and \u201cStructuring and Raising Debt & Equity for Real Estate\u201d. Dropping out of college was not on his to-do list, but after learning about real estate investing, he knew he made the right choice to not finish his degree and to get started on pursuing multifamily investments and establishing Lone Star Capital with his business partner! Now, he has acquired over $300M of multifamily real estate and has evaluated thousands of opportunities using his own underwriting models. In this episode, learn what really happens behind the scenes in multifamily acquisitions and acquire essential skills as he shares the importance of the underwriting process and structuring the right debt and equity. Don\u2019t miss out as he\u2019ll also provide worksheets, step-by-step guides, and free underwriting models that could help you get started! Listen and enjoy the show!   Quote: \u201cIt was this idea of taking one unit and going to 100 and then turning it instead of a flip, but into a scalable long-term equity building kind of theme which really resonated with me a lot more and drove me to actually start my company with my business partner.\u201d Timestamped Shownotes: 0:40 - Pancham introduces Rob to the show 1:54 - On dropping out of college and building Lone Star Capital 6:38 - How business partnerships are similar to romantic relationships 9:06 - Building your underwriting skills and structuring the right debt and equity through his books 13:37 - Understanding debt as the biggest source of risk when investing 17:07 - On looking for new acquisitions amidst current market trends 20:26 - Making investment decisions based on your objectives 29:58 - Taking the Leap Round 29:58 - His first investment property outside of Wall Street 31:05 - What he learned from his investing fears that came true 32:18 - How his investment did not work as expected 35:28 - Patience as an important quality when you first start investing 36:19 - How you can connect with Rob 3 Key Points: When building partnerships, it\u2019s best if you both have different skills that complement each other instead of having the exact same skill sets. Identifying quality deals for acquisition and being able to structure the right debt and equity to optimize returns are 2 important skills for a real estate investor. Understanding debt and the nuances that might make or break a deal is beneficial, and it can be a good approach for passive investors to vet deals. Get in Touch: Lone Star Capital Website - https:\/\/lscre.com\/ Get your FREE copy of the underwriting model at https:\/\/lscre.com\/model Rob Beardsley LinkedIn - https:\/\/www.linkedin.com\/in\/rob-beardsley\/ The Gold Collar Investor Club - https:\/\/thegoldcollarinvestor.com\/club\/ Pancham Gupta Email - p@thegoldcollarinvestor.com Books: The Definitive Guide to Underwriting Multifamily Acquisitions: Develop the skills to confidently analyze and invest in multifamily real estate by Rob Beardsley - https:\/\/www.amazon.com\/dp\/B088B6DPGY\/ref=cm_sw_r_api_i_F6CVPDHKJKV4PT8F87YF_0 Structuring and Raising Debt & Equity for Real Estate by Rob Beardsley - https:\/\/www.amazon.com\/dp\/B0BF31GJX3\/ref=cm_sw_r_api_i_VQ724WTYWWEPMJ9FPNCN_0   ","author_name":"The Gold Collar Investor","author_url":"http:\/\/www.TheGoldCollarInvestor.com","html":"