2020-04-13
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