How do two seasoned real estate investors with complementary skill sets build a successful partnership? In this engaging episode, we chat with Peter and Ron about their unique approach to syndicating affordable single-family rentals and how they’ve managed to thrive in the industry. Peter shares his background in raising capital for distressed mortgage investment funds, while Ron brings his extensive 25-year experience in construction, investment, finance, and consulting to the table.
We also discuss the importance of understanding potential investors’ fund structures, strategies, benefits, pros, cons, and risks. Peter shares his tips on tailoring communication to individual needs, and we explore the advantages of company webinars and live streaming to give potential investors the opportunity to ask questions and gain more information. Furthermore, we delve into the topic of single-family investments and why it’s an attractive option for many investors.
Join us as we navigate the challenges investors face when considering these types of portfolios and how Peter and Ron’s focus on single-family affordable housing can help overcome these obstacles. Learn about the price range of the properties, the process of converting them to single-family rentals, and the beta tests that proved their success. Our guests also discuss the importance of preparing for a downturn when focusing on affordable housing and share their unique ways of giving back. Don’t miss this insightful conversation with Peter and Ron!
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About Peter Neill
- Co-Founder and Managing Partner of GSP REI
- Focus on fund structuring and management, as well as underwriting and acquiring new investment opportunities
- Began his real estate career 9 years ago, working in marketing at a distressed mortgage investment company. Transitioned into Investor Relations and raising private capital from accredited investors for the company’s private fund offerings.
- Managed the process of raising over $80MM for the company
About Ronald Lockhart
- Co-Founder and Managing Partner of GSP REI
- Focus on strategic planning and oversight of the company’s vision. Oversees streamlining of the company’s operations, project, and property management teams
- 20+ years of combined REI experience
- Previously, President of LaSalle Properties One – a regional real estate consulting firm
- Developed an in-house solution that included planning, construction, asset, and property management.
- Also founded Lockhart Building and Investment Company
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