57 | Between the Sheets | IRR Hurdles and Promote Structures with Rob Beardsley

Between the Sheets - A Making Money In Multifamily Mini-Series
This mini-series features host Dave Morgia and guest Rob Beardsley as they discuss the philosophies, theory, nuances, and application of underwriting multifamily real estate deals using a syndication model.

Over the course of the series Dave and Rob will cover all the considerations you should be making while underwriting a deal with the intent to challenge your thinking and take a deeper look at what makes a deal succeed or fail.

In this episode the topic of focus is IRR Hurdles and Promote Structures. Here's just some of things the Rob and Dave will be diving into:

Defining compounding and cumulative returns on a prefAdvantages of a PromoteAdvantages of a waterfall structureWhy/how a passive investor should evaluate a deal from a sponsor's perspective to see where their incentive liesHow vertical integration of a company could change the way they structure a deal (less focused on cashflow from CoC)Deep dive into the numbers, covering all of the above on Rob's underwriting model

***Note: This series is very visual. The first half of the show will be Dave and Rob discussing the theory behind the current topic. While the second half will entail diving into an underwriting spreadsheet and actually crunching the numbers. If you can, it is recommended you pause after the first half of the show and resume playing the second half on Youtube: https://youtu.be/KeMDGDnQy7A


Reach out to Dave: https://lvaRE.com/
Reach out to Rob: https://lonestarcapgroup.com/

*****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.