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The Best Ever CRE Show

JF2598: Top 3 Characteristics of a Quality GP with Lennon Lee

The Best Ever CRE Show

Best Ever CRE

Business, Investing, Entrepreneurship

4.7996 Ratings

🗓️ 13 October 2021

⏱️ 32 minutes

🧾️ Download transcript

Summary

When Lennon Lee moved from Venezuela in 2010, he knew he wanted to search for passive investment opportunities to provide for his family. Today, Lennon is diving into the difference between being an LP vs. a GP in a deal, the role of the GP with investor communications, and the importance of capital raising through partnership building.    Lennon Lee Real Estate Background:  Invested his family’s life savings into real estate to build a solid future for his parents and siblings Involved as both an LP and GP in the acquisition of over 2000 multifamily units, with an approximate market value of $200M Based in Miami, FL Say hi to him at: bldcapitalgroup.com     Click here to know more about our sponsors: ThinkMultifamily.com/coaching | Rentify | Deal Maker Mentoring Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:05.3

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0:11.0

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0:35.5

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0:40.0

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0:48.0

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0:56.6

That's Invest Her, H-E-R-K-D-K-G-G-G-O-K-G-G-O-K-O-K-O-Kom, promo code 100 best ever to get $100 off your ticket.

1:05.0

Ultimately, one of the things that some investors may be missed or don't really understand is,

1:10.0

how are the distributions done, not necessarily in terms of quarterly or monthly, but the actual

1:15.9

legal structure of those distributions, meaning when they send you money every month or every

1:20.0

quarter, is that a return on capital or a return of your capital.

1:24.6

Quick disclaimer, the views and opinions expressed in this podcast are provided for

1:28.6

informational purposes only and should not be construed as an offer to buy or sell any securities or to make or

1:35.2

consider any investment or course of action.

1:38.3

For more information go to Best Ever Show.com.

1:41.5

I want to introduce to you Ash Patel. He's a full-time

1:44.1

commercial real estate investor. He's going to be doing the interview today and a lot of

1:48.6

them moving forward. I'm still going to be doing interviews, just not as many, and

1:52.2

he is going to ask tough questions

...

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