Rob Beardsley founded Lone Star Capital in early 2018, a multifamily investment firm focused on acquiring and operating workforce housing throughout Texas and the Southeast. Since then, Rob has been involved in over $100MM of multifamily acquisitions and published the number one book on multifamily underwriting, The Definitive Guide to Underwriting Multifamily Acquisitions. He has written over 50 articles and hosts the Capital Spotlight podcast. We talked to Rob about mastering the underwriting process, the ins and outs of institutional capital, and how you should approach it.
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[00:01 – 03:20] Opening Segment
Rob talks about his background.
How multifamily attracted him to get started;
[04:13 – 09:30] Underwriting
How he met his partner;
The importance of understanding what you are looking for when partnering up;
What pushed Rob to master the underwriting deals;
He talks about his book “The Definitive Guide to Underwriting Multifamily Acquisitions”;
[09:30– 28:32] Institutional Capital 101
Gives and takes of institutional capital;
Retail investing Vs Institutional investing;
How you can build a network of institutional investors;
How to build a relationship with a private equity group or an institutional fund;
He talks about his first deal with an institutional investor
The downsides of institutional capital;
He talks about the LSCNY Summit
[28:32 – 35:00] Round of Insights
His first capital raise.
All In Podcast
Most Recommended Book:
#1 Insight for Investing:
You need to have a thesis beyond just the numbers.
Best Place to Grab a Bite in New York:
“You can do a deal together and if it doesn’t work out amazingly – no hard feelings. You don’t ever have to do a deal together.” – Rob Beardsley
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