Episode #280: Debt, Connections, and Positive Reinforcement with Rob Beardsley
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Description
Today the main focus in investment and in life, in general, seems to be on debt and finding a way to meet those maturity dates. Joining us today on Passive Income Through Multi-Family Real Estate is the founder of Lone Star Capital, Rob Beardsley. Rob has evaluated thousands of opportunities, is an incredible speaker, and has published two books on underwriting and debt. Tuning in, you’ll hear all about Rob’s background and what led him to starting his company, what Lone Star Capital does, where their focus is, and much more. We also discuss transaction activity and what caused its decline, the cash flow problems you may face in escrow, buying a deal with negative leverage, and different types of equity. Rob goes on to explain why the main thing on everyone’s mind is debt before explaining why it is the biggest source of risk in deals. We even delve into what kinds of partners he works with, how he manages their expectations, and how he handles tough situations. Finally, Rob shares some advice for aspiring capital partners about building connections. You don’t want to miss this one! Key Points From This Episode: An introduction to today’s guest, Rob Beardsley. How Rob got into founding an investment company and why he chose multi-family. Rob tells us about his company, Lone Star Capital.Why he chooses to focus on Houston and Dallas. Rob reminds us that the grass isn’t greener on the other side, even if it looks like it is. The decline in transaction activity and what caused it. Why he doesn’t think there will be a large distress opportunity in our current financial climate.Why everybody’s focus is on debt. The cash flow issues that come with escrow. Why debt is the biggest source of risk in any deal and why longer-term debt is safer. Rob shares his thoughts on buying a deal with negative leverage. The different types of investors and equity. How Rob manages his investors’ expectations so they are realistic. The types of partners Lone Star Capital works with. Rob shares some advice for aspiring capital partners. He tells us about some stressful deals and how he handled them.  Links Mentioned in Today’s Episode: Rob Beardsley Rob Beardsley on LinkedIn Rob Beardsley on Twitter Rob Beardsley on Instagram Lone Star Capital The Definitive Guide to Underwriting Multifamily Acquisitions Structuring and Raising Debt & Equity for Commercial Real Estate Vertical Street Ventures  VSV Academy  Passive Income Through Multifamily Real Estate Facebook Group Peter Pomeroy on LinkedIn Peter Pomeroy Email
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