Show notes
Rob Beardlsey is the Founder and Principal of Lone Star Capital. He oversees acquisitions and capital markets for the firm and has acquired over $100M of multifamily real estate. He has evaluated thousands of opportunities using proprietary underwriting models and published the number one book on multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions. He has written over 50 articles about underwriting, deal structures, and capital markets. He is also the host of the Capital Spotlight podcast, which is focused on interviewing institutional investors. Rob also helps run Greenoaks Capital, his family's real estate investment and advisory firm. Rob grew up in Silicon Valley and currently lives in New York City, where he enjoys reading nonfiction, traveling, working out, meditating, playing golf, and piano. [00:01 - 14:18] An Up and Coming StarLet’s get to know Rob BeardsleyHow Rob knew that underwriting was for himWhy Underwriting is an Art Rather than a Science[04:19 - 20:50] Doing Due Diligence the Right WayHow to Know if a Deal is Worth Pursuing Rob talks about conservative underwritingHow You Can Win a Deal with a Different AngleWhy That Deal is a Home RunRob shares about his deals that went sour and how he overturned the situationThe story of Rob’s first real estate dealA Father and Son Real Estate AdventureRob’s shares his inspiration in writing his book A piece of advice for passive real estate investors[20:51 - 30:02] THE FINAL FOURWhat's the worst job that you ever had?Working at the TeleFundWhat's a book you've read that has given you a paradigm shift?The Power of NowWhat is a skill or talent that you would like to learn?Become Master of DevelopmentWhat does success mean to you?“Success is defining a reality and then closing the gap between your current reality and desired reality.”Putting actions behind your wordsConnect with Rob. Links available belowResources Mentioned:The Definitive Guide to Underwriting Multifamily AcquisitionsGo for No!Tweetable Quotes:“Underwriting is not that complex. You can get it down.” - Rob Beardsley“It is your responsibility to put in all the work. That includes underwriting the work.” - Rob Beardsley“Success is defined as actively closing the gap.” - Rob BeardsleyConnect with Rob through [email protected], LinkedIn, www.lscre.com, www.robbeardsley.me, and www.lonestarcapgroup.com and master the art of underwriting.LEAVE A 5-STAR REVIEW by clicking this link. WHERE CAN I LEARN MORE?Be sure to follow me on the below platforms:Subscribe to the podcast on Apple, Support the show