Elevate Your Equity

Ep 20 - Randy Langenderfer - On the Difference Between Investing and Speculation

May 04, 2021 Derek Clifford Season 1 Episode 20
Elevate Your Equity
Ep 20 - Randy Langenderfer - On the Difference Between Investing and Speculation
Show Notes Chapter Markers

An absolutely genuine talk with Randy Langenderfer. We talked about the difference between investing and speculation how he was able to carry some of his natural talents from his W-2 work into the investing space and what the conversations were like at home when he was investing while starting off with his wife.

Randy is the president of InvestArk Properties LLC, focusing on creating investor value and passive income returns for the busy professional. He's been in multifamily real estate since 2014 as both a general partner, a key sponsor, and has had 250 doors and a limited partner exposure of over 4000 doors. His company offers the busy professional who wants to include multifamily and their portfolio partner with experts who are aligned with investment goals. He was previously a private money lender in remodeling single-family homes in Florida, Ohio, Texas, and much of other markets across the state. And he started with the values of $2.5 million, which he grew in the single-family space. He has since then represented over $11 million in assets managed in multifamily and serves as the Chief Compliance and audit officer for a large academic medical institution in Houston. He's got a bachelor's degree in accounting information systems and an MBA in finance and is also a non-active CPA. But most importantly, he's a husband and a father of four adult children spending his free time analyzing deals and networking with others.

You can best reach out to Randy and his firm, InvestArk Properties, by visiting his website at www.invest-ark.com. Look him up today!

  • What book has had the biggest impact on you and why?
    The Bible, Business perspective, 21 Law of Leadership by John Maxwell, Master in the Market by Howard Mark, understanding the cycles.

  • If people wanted to be JUST like you, what is the first actionable thing they could do to follow in your footsteps? 
    Education, educate yourself. If you're not gonna invest your time, it's just purely speculation. Be an active-passive investor.

  • What small thing do most people not know about you?
    Passion for this and the desire to help others along their journey.  

  • How do you like to unwind and restore your own creative juices? 
    Walking long walks. I walk 4 or 5 miles a day and playing golf. Spending time with family, enjoy getting together with them and with my grandchildren, and spoiling them a little bit just to recharge. 

  • Is there something special that you and your spouse like to do together?
    Melanie and I walk and talk a couple of times. Getting together and being together and spending time together.

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How Randy dealt with obstacles in his early years
Randy's wife & the support structure
How Randy persuaded his wife into investing in real estate
Pushing to reach goals in business
Balancing work with investing and education
Driving force to keep it all together
Connecting with the right people and building relationships in real estate investing
Special skills that helped him in the investing world from his W-2 job
Rapid Round!