#Multifamily Syndication Mastery

[jayconner-raisingprivatemoney]

Creating Prosperity: The Power of Private Lenders in Real Estate | Randy  Langenderfer & Jay Conner

https://www.jayconner.com/podcast/episode-161-creating-prosperity-the-power-of-private-lenders-in-real-estate/

Randy Langenderfer, an experienced multifamily real estate investor, joined Jay Conner on the Raising Private Money podcast to share his wisdom on creating passive income through multifamily investing. His strategic transition from corporate life to financial independence is an inspiring journey for anyone dreaming of a similar life change.

Navigating the Shift: Corporate to Multifamily Investing

Randy Langenderfer detailed his deliberate exit plan from the corporate world, aiming for financial freedom by 2023. This plan set the stage for his foray into multifamily property investments, considering the substantial equity necessary to enter the game. Securing $650-700k by himself, Randy triumphed in raising a total of $3.63 million for a property in Beaumont, Texas, catalyzing his journey into scaling investments through others’ capital.

Leveraging Private Money: The Syndication Strategy

Jay Conner and Randy delved into the mechanics of using private money to scale a real estate business. Randy expounded on the power of syndication in multifamily investments, clarifying the roles of limited and general partners. Similar to single-family investments where the investor plays the general partner role with private lenders as passive investors, Randy highlighted the advantage of pooling resources and know-how to achieve common investment goals.

Starting With Trust: Finding Your First Investors

One of the keystones to scaling in real estate is other people’s money, and Randy’s first advocates were his friends and family. This kickstarted his fundraising, eventually turning to a broader audience. The significance of shifting the mindset to be open to this form of capital is crucial for growth, a sentiment echoed by both Randy and Jay.

Education as a Tool: Multifamily Maestros Program

Randy discussed “Multifamily Maestros,” a mentorship initiative designed to guide budding investors. The program offers a comprehensive starting point with 12 modules, weekly coaching calls, and personalized support. Its 30-day trial at $197 suggests a commitment to accessibility and education in investment, fostering new talent in the industry.

The Art of Investment: Insights Behind “Maestros”

Understanding the name “Maestros” gave depth to Randy’s educational approach. The term reflects a mastery of craft and an orchestration of skill, mirroring the program’s intent to harmonize various dimensions of multifamily investing.

Strategic Networking: Building an Investor Base

Randy emphasized the importance of establishing oneself as an industry thought leader to attract investors. It’s critical to leverage social media, develop efficient pitch decks, and most importantly, sustain long-term relationships that lead to trust and commitment in future projects.

Leading With Value: The Education-First Approach

Jay Conner shared his success story in single-family investment by prioritizing education over immediate deals. He highlighted the importance of informing potential investors about options such as self-directed IRAs, setting the stage for informed partnership decisions. Both hosts agreed that education leads to empowered investors and healthier business relationships.

The Future of Private Money in Real Estate

This episode was more than a mere conversation; it was a blueprint for those seeking to build wealth through multifamily investing. By embracing private money, cultivating relationships, and prioritizing education, real estate investing can indeed become a cornerstone of one’s financial independence. Randy’s insights provided a road map for new and seasoned investors alike, making this episode a pivotal listen for anyone interested in unlocking the potential of the multifamily market.

“I wanna help people at a much lower entry point come into the multifamily space and learn about it. So we developed this program, I call it, the true value hardware approach. We think there’s value in the community talking to others who want the same things and having someone to help you prevent making problems that we do.” – Randy Langenderfer

10 Lessons Covered in this Episode:

1. Exit Corporate Life: Strategize financial growth to transition from corporate to full-time real estate investing with a targeted date.

2. Equity Raising Fundamentals: Understand the process and importance of raising equity from friends, family, and networks to invest in multifamily properties.

3. Syndication Explained: Learn syndication’s structure with Randy detailing the roles of limited and general partners in multifamily real estate investments.

4. Private Money Leverage: Discover how leveraging other people’s money can scale your real estate business and compare single-family vs multifamily approaches.

5. Finding Private Lenders: Start building capital with friends and family; shift your mindset to tap into private lending sources effectively.

6. Multifamily Maestros Vision: Explore the mentorship program aimed at helping newcomers enter the multifamily property market with less capital and guidance.

7. Mentoring Program Benefits: Gain insights into a comprehensive program offering modules, coaching, and personalized support for multifamily real estate investment.

8. Maestros’ Significance: Understand the reasons behind choosing the name “Maestros”, emphasizing an expert-led approach to multifamily property investment.

9. Investor List Building: Use social media and thought leadership to build a list of potential investors and create a compelling pitch deck.

10. Educational Approach: Lead with education to attract private money in real estate, highlighting the strategies for single-family investment and self-directed IRAs.

Here are three fun facts that were revealed in the episode:

1. Randy Langenderfer successfully raised over $5,000,000 in private money and is now involved in over 4,000 real estate units.

2. After almost being laid off, Randy transitioned from focusing on his corporate career to hard money lending in single-family homes and eventually to multifamily syndication.

3. Jay Conner raised nearly a million dollars in private money by leading with education and informing investors about self-directed IRAs, even without having a specific deal in place.

Timestamps:

00:01 – Raising Private Money Without Asking For It

04:25 – Transition from corporate finance to real estate investment.

08:32 – Deliberate effort to leave the corporate world for growth.

11:35 – Syndication: Investors pooling resources to buy property.

13:32 – Limited partners provide passive funding for real estate.

18:49 – Pitch real estate investment, and grow connections systematically.

21:08 – Differentiating raising private money with an educational approach.

23:16 – Attract money through education and self-directed IRAs.

27:00 – Connect with Randy Langenderfer: https://www.MultiFamilymaestros.com

28:50 – Personalized hardware store with affordable prices and guidance.

30:46 – Maestro’s role in directing and guiding students

Private Money Academy Conference:

https://www.JaysLiveEvent.com

Free Report:

https://www.jayconner.com/MoneyReport

Join the Private Money Academy:

https://www.JayConner.com/trial/

Have you read Jay’s new book: Where to Get The Money Now?

It is available FREE (all you pay is the shipping and handling) at

https://www.JayConner.com/Book

What is Private Money? Real Estate Investing with Jay Conner

https://www.JayConner.com/MoneyPodcast

Jay Conner is a proven real estate investment leader. He maximizes creative methods to buy and sell properties with profits averaging $67,000 per deal without using his money or credit.

What is Real Estate Investing? Live Private Money Academy Conference

https://youtu.be/QyeBbDOF4wo

YouTube Channel

https://www.youtube.com/c/RealEstateInvestingWithJayConner

Apple Podcasts:

https://podcasts.apple.com/us/podcast/private-money-academy-real-estate-investing-with-jay/id1377723034

Facebook:

https://www.facebook.com/jay.conner.marketing

Twitter:

https://twitter.com/JayConner01

Pinterest:

https://www.pinterest.com/JConner_PrivateMoneyAuthority

Listen to our Podcast:

https://www.buzzsprout.com/2025961/episodes/14972237

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Mentoring from the Multifamily Millionaire Maker | Brad Sumrok

On the sixth episode of The Multifamily Investing Show, Michael sits down with Brad Sumrok, the founder of Brad Sumrok Apartment Investor Mastery. Starting out as a Real Estate Investor, Brad has built one of the largest and most successful Multifamily Mentorship programs in the Nation.

 After being a successful real estate investor for nearly two decades, Brad discusses his vision that he turned into his successful program that has helped thousands of people to learn how to become financially free by investing in Apartments.  As he describes, it is much more than a real estate educational platform, it is a ecosystem where its' members get access to everything one needs to successfully buy a Multifamily deal.  From underwriting tools, checklists, mentoring, introduction to service providers, access to debt, access to equity and leveraging his groups track record to be taken seriously by the brokerage community.  His program has successfully helped launch the careers of numerous Multifamily Syndicators over the past 7 years.

 Michael discusses the real impact he has observed that the Sumrok Students have had in the Texas Markets.  Brad describes how the programs reach has grown from its origins in Texas, to now starting to have a impact in many markets across the country.  

 Love him or hate him, it is impossible to deny the Sumrok mentoring program has made its mark on the Multifamily industry.  You will want to hear what he has to say.

 Appointments:

https://m.me/multifamilyinvestingshow​

https://www.facebook.com/multifamilyinvestingshow

Call To Day: ++1 972-982-7951

Email: support@spiadvisory.com

Address: 8226 Douglas Avenue, Suite 455 Dallas, TX 75225

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