Hard Money Lending & Multifamily Strategies with Randy Langenderfer

Passive Wealth Strategy Show - Real Estate for Busy Pros

Randy has been investing in real estate since his first primary residence purchase of a duplex. He got his commercial real estate to start as a private money lender in the remodeling of single-family homes in South Florida, Ohio, and Texas with a combined market value in excess of $2.5M. . He invested in several assets as a limited partner and progressed into the general partner role.

[00:01 - 04:16] Opening Segment

• Get to know Randy Langenderfer
• Randy shares his brief background

[04:17 - 10:05] Shifting from Hard Money to Multifamily

• Randy’s journey to real estate
• How Randy shifted from hard money lending to multifamily
• A Real Estate Nerd
• Risk Mitigation as a Hard Money Lender
• The Tax Situation in Lending

[10:06 - 25:09] Hard Money Lending & Multifamily Strategies

• Beginning with a self-directed IRA
• What is a Key Principal (KP)?
• Why you should and should not become a KP
• How to Select Your Sponsor as a KP
• Randy talks about refinancing
• “These are first-world problems.”
• The next few years as seen by Randy

[25:10 - 34:52] Closing Segment

• Quick break for our sponsors
  • Groundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.
• What is the best investment you've ever made other than your education?
  • Marrying his wife
  • His formal education
• Randy’s worst investment
  • One single family deal
  • 225-unit multifamily

• What is the most important lesson that you've learned in business and investing?
  • “Persistence and steadfastness.”
• Connect with my guest. See the links below.

Tweetable Quotes:

“You should buy in every market-- up, down, and sideways. And you should always be looking.” - Randy Langenderfer

“If you buy right, you know the assumptions that you buy.” - Randy Langenderfer

“Invest in your real estate education.” - Randy Langenderfer

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Connect with Randy Langenderfer through LinkedIn and their website https://www.invest-ark.com/.

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms.

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