Investing in Apartments as Both An Active and Passive Investors with Randy Langenderfer
Play • 47 min

Our guest for today has been investing in real estate since his first primary residence purchase of a duplex. He got his commercial real estate 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. 

Let’s dive right in and learn from Randy Langenderfer on how to achieve our goals in real estate. 

[00:01 – 08:38] Opening Segment 

  • We introduce our guest, Randy Langenderfer
  • Randy talks about his background

[08:39 – 14:56] Using The First Deal To Your Advantage 

  • Randy talks about his experience in the multifamily space.
  • How to be cautious as a passive investor

[14:57 – 24:35] Finding Your Sweet Spot Of How You Want To Invest 

  • Randy shares his experiences as a multifamily investor and mentor
  • Discovering that there is a route to getting rich slowly but surely plan

[24:36 – 37:49] Slow and Steady Wins the Race

  • Being in the position to step away from your W2 income 
  • Understanding a minimum of four of the five levers as an LP

[37:50 – 47:51] Closing Segment

  • Randy's bad investing advise
  • Final thoughts
  • Randy's book recommendations:

Mastering the Market Cycle

The Most Important Thing

Tweetable Quotes:

“I teach a lot of students about being an active passive investor, be involved. Don't just take somebody, don't take somebody's word for it, analyze it, look at their underwriting assumptions” – Randy Langenderfer

“what really, really got my maybe not an aha moment, but really intrigued me was the nonrecourse debt” – Randy Langenderfer

"find your sweet spot and chase it. Don't let someone else define your sweet spot for you, whether that's passive or active or a combination" - Randy Langenderfer

"the difference between an investor investing and speculation and investor is one that takes a look, understands the risk and says go speculators, one who says, I've got 50 K in my pocket, I need to invest. I'm going to plop it down with Dan and Anthony because I like them." - Randy Langenderfer

Connect with Randy! See the links below:

Go to their LinkedIn to connect. Visit their Website

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