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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.\n\xa0\n[00:01 - 04:16] Opening Segment\nGet to know Randy Langenderfer\nRandy shares his brief background\xa0\n\xa0\n[04:17 - 10:05] Shifting from Hard Money to Multifamily\nRandy\u2019s journey to real estate\nHow\xa0 Randy shifted from hard money lending to multifamily\nA Real Estate Nerd\nRisk Mitigation as a Hard Money Lender\nThe Tax Situation in Lending\n\xa0\n[10:06 - 25:09]\xa0 Hard Money Lending & Multifamily Strategies\nBeginning with a self-directed IRA\nWhat is a Key Principal (KP)?\nWhy you should and should not become a KP\nHow to Select Your Sponsor as a KP\nRandy talks about refinancing\n\u201cThese are first-world problems.\u201d\nThe next few years as seen by Randy\n\xa0\n[25:10 - 34:52] Closing Segment\nQuick break for our sponsorsGroundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.\n\nWhat is the best investment you've ever made other than your education?Marrying his wife\nHis formal education\n\nRandy\u2019s worst investmentOne single family deal\n225-unit multifamily\n\nWhat is the most important lesson that you've learned in business and investing?\u201cPersistence and steadfastness.\u201d\n\nConnect with my guest. See the links below.\n\xa0\nTweetable Quotes:\n\u201cYou should buy in every market-- up, down, and sideways.\xa0 And you should always be looking.\u201d - Randy Langenderfer\n\u201cIf you buy right, you know the assumptions that you buy.\u201d - Randy Langenderfer\n\u201cInvest in your real estate education.\u201d - Randy Langenderfer\n------------\nConnect with Randy Langenderfer through LinkedIn and their website https://www.invest-ark.com/.\xa0\n\xa0\nInvest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/\nParticipate 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.\xa0\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes