CTW 148: Randy Langenderfer - Understanding Preferred Returns

Nov 2, 2020

Randy has 25+ years of various corporate leadership experiences in multiple industries, primarily in the risk and governance areas. He currently serves as the Chief Compliance and Audit Officer for a large academic medical institution in Houston, TX. He has a bachelor’s degree in Accounting, Information Systems, an MBA in Finance and is a CPA. Randy has been investing in real estate since his first primary residence purchase of a duplex. Previously, he was a private money lender in the remodeling of single family homes in Florida, Ohio and Texas with a combined market value in excess of $2.5M. His recent focus has been exclusively in multi-family properties. He has been a general partner in 258 doors representing over $11M in assets managed and a limited partner in numerous more.

Topics Covered

• Understanding “the simple model”

• Getting into the Investment Executive Summary

• Investor friendly v. sponsor friendly models

• Know your sponsor

• Assessing your sponsor/GP

Nuggets of Wealth

• What is a good tool, source, or platform that you use almost daIly that can also help others? Spreadsheets
• Which book are you currently reading and which one has had the biggest impact on your life? The Ride of a Lifetime. Mastering the Market Cycle
• Advice for someone wanting to invest in MF? Invest in your real estate education
• Do you have any rules for success that you live by? Be in it for the long haul
• At the end of your life, how do you want to be remembered? Husband, father, someone that gave back
• What’s the best way my audience can reach out to you? [e-mail] Invest-ark.com