47 | Proper COVID Measures An Investor Should Take with Rob Beardsley
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Rob's Background:
- Principal at Lone Star Capital Group focusing on large multifamily acquisitions in Houston, TX
- Extensive real estate experience through his family's numerous real estate businesses including development, construction, sales, and investment
- Previous guest on Episode 3 and the Between the Sheets miniseries
In this episode we cover:
- Current market uncertainty - how the market is going through a 'wait and see' period and prices are not reflecting any anticipated down market shift
- Why it makes sense to wait on behalf of your investors, and back out of any deals that don't have the proper contingencies
- How the best thing to do right now is make/build on relationships to make sure the right partners are in place
- Looking for assumable loan deals and why it makes sense to buy these vs. non-assumable debt
- How to shore up operations to make sure you aren't overspending during a period where property income could be lower
- Working with tenants to find the best solution to keep them housed while still getting paid
- Focusing on 'economic resistant' tenants
- Navigating the COVID related relief programs and what can/can't apply to your expenses
Connect with Rob:
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*****Thank you so much for listening to the Making Money in Multifamily Real Estate Show! This show covers everything to do with Multifamily Real Estate Investing to help you, the listener, become an expert in your real estate ventures. The host, Dave Morgia, brings on guests who are already experts in their respective fields to discuss what principles and practices they follow that have helped them achieve their success so far.