My guest today, Randy Langenderfer, knew his job with a private equity firm wasn't a long-term employment situation, so he started looking for another source of income. After vetting many options, he settled on real estate. He started his real estate investing path by lending money to single-family flippers. Before he felt comfortable lending his hard-earned money to a flipper, he thoroughly vetted the company and it's leaders.
Today, Randy focuses on multifamily investing. He's invested in many apartment syndications as an LP and he uses the same vetting process for syndication sponsors that he used before lending to single family flippers.
Randy's Key Ingredient for REI success: Be an active passive investor. Get educated and thoroughly vet the jockey (the deal sponsor/GP team) and the horse (the deal/investment opportunity).
Randy's Book Recommendation: The 21 Irrefutable Laws of Leadership by John Maxwell and Mastering the Market Cycle by Howard Marks
Randy's Prayer Request: Randy says his greatest request during this season of his life is for wisdom. He longs for wisdom to navigate the real estate world, but also to have that balance with his family and personal life.
Connect with Lee: Website: THREEFOLD - Real Estate Investing (threefoldrei.com), Email: email@example.com, Facebook: Threefold Real Estate Investing | Facebook, LinkedIn: Lee Yoder | LinkedIn
Check out our Free E-book! https://threefoldrei.ac-page.com/5-steps-to-passive-income-for-the-full-time-dad
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