Looking for ways to better interpret the numbers in your real estate deals? In today’s episode, we’re going to dive into them! Rob Beardsley oversees acquisitions and capital markets for Lone Star Capital. He has acquired over $100 million dollars of multifamily real estate. He has evaluated thousands of opportunities using proprietary underwriting models and published the no. 1 book of multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions.
[00:01] – [05:04] Opening Segment
- Let’s get to know today’s guest, Rob Beardsley
- Growing in a real estate family
- Trying another career and going back
[05:05] – [15:49] How to Underwrite
- Rob shares his underwriting criteria
- The Underwriting Model
- Why You Should Always Use the Same Spreadsheet
- Interpreting the Numbers, Pitching the Deal
- Using Unlevered IRR Figures
- Rob talks about taxes and insurance
[15:50] – [18:43] Being a Conservative Underwriter
- Selective Practice
- Why it is Important to Understand the Market
- Debt is the biggest source of risk
[18:44] – [21:20] Final Four Segment
- Rob’s advice to aspiring investors
- “Develop an understanding of the market.”
- How Rob stays on top of his game
- Look for new literature to read
- Rob’s way to make the world a better place
- Teaching
- Reach out to our guest – see links below
- Final words
References Mentioned
Tweetable Quotes
“There’s a great freedom in structure.” – Rob Beardsley
“You just never know when a good deal is going to come, you don’t know what it’s going to look like. We were just chasing deals.” – Rob Beardsley
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Connect with Rob Beardsley through: rob@lonestarcapgroup.com or LinkedIn. Check out http://www.lscre.com, http://www.robbeardsley.me, and http://www.lonestarcapgroup.com.
Connect with me:
I love helping others place money outside of traditional investments that both diversify a strategy and provide solid predictable returns.
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Email me → sam@blog.brickeninvestmentgroup.com
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