MNS - Mark Langdon

Jake & Gino: Real Estate Investing & Multifamily

Jake & Gino

Smartinvesting, Buyingrealestate, Investing, Multifamilyrealestateinvesting, Business, Investingsmart, Apartmentinvesting, Management, Makingmoney, Realestateinvesting, Cashflow, Jakeandgino, Realestateinvestment, Commercialrealestateinvesting, Buyingapartmentbuildings, Entrepreneurship

4.9 • 842 Ratings

🗓️ 15 October 2019

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

Welcome to the Movers and Shakers podcast. This weeks guest is Mark Langdon. Mr. Langdon from Whippany, NJ has been investing in residential real estate since 1991. Mark continues to work full time as a Project Manager/Chemical Engineer performing project execution of engineering, procurement, and construction projects in the pharmaceutical, chemical, and food industries and is licensed as a Professional Engineer. He has a separate (Fix & Flip) real estate investment firm: Langdon Properties LLC focused on buying distressed properties; renovating the properties and then reselling them. Completed 12 Fix & Flips and Found out that Fix & Flips are the same as a W-2 Job. Rentals Prior to October 2018 - (10) units total: (SFH & 1-4 units) self-managed over the last 27 years. Started last year October 2018 doing Multi-Families: - 21 unit in Greensboro, NC (JV with 1 partner) - 18 unit in Alabama (100% owned) - 32 unit in Hickory, NC (JV with 2 partners) - 48 unit in Louisville, KY (100% owned) - 107 unit in Louisville, KY (Acting as GP/KP Loan Guarantor) - 62 units in Morgantown, WV (JV with 2 partners) - 210 units in Birmingham, AL (JV with 3 partners closing early Oct) Looking to transform into doing syndications moving forward. Mark and his wife have high net worth from real estate holdings, mutual funds and stock portfolio which allows him access to $ 2.0 MM various credit lines including raising private money to finance his deals. Mark is also married to a mortgage professional (Susan) with 30 years’ experience and she must approve all real estate deals before closing. Together Mark and his wife bring strong W-2 income; High net worth, excellent credit (800+), multiple income streams with the required real estate and property management knowledge to be able to execute, manage, and close real estate deals.

Transcript

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0:00.0	This is Movers and Shakers, where we interview the upcoming generation of Make It Happen
0:06.4	Multifamily Investors to share their story.
0:10.9	Welcome to the Movers and Shakers podcast.
0:13.1	My name is Gino Barbera, co-founder of Jake and Gino, multifamily investor, educator, father,
0:18.3	mentor, and I am joined by my co-host, my Brozov, who's looking extra good today,
0:22.7	Josh Rusin, the community director of Jake and Gino. Josh, how are you today, Josh?
0:27.8	Gino, doing well. Super excited for today's show and just super excited about everything we are going.
0:34.0	Actually, we have our annual event, multifamily mastery live coming up here really soon, October 19th and 20th.
0:40.0	We're bringing the pain with some big name guests.
0:42.3	It's going to be a tremendous amount of value in networking.
0:44.9	Gino, what are you excited about today?
0:47.2	I am excited about today's guest because I met today's guest around two years ago.
0:52.9	Driving through traffic took me two and a half hours
0:55.2	to get to where I was going and I'm glad I got there because you're never too old to shed those
1:01.4	limiting beliefs and I think today's guest is the epitome of that and I think he's excelled
1:06.8	and it's amazing how much he's accomplished in the last year. So I am really excited to get
1:11.9	dive into that. I'm excited that it's September in Florida and it's 85 degrees. The weather's
1:16.9	beautiful down here and I'm just excited on this podcast, Josh. Awesome. Speaking of today's
1:21.8	guest, we have Mark Langdon. So Mark's from Whippany, New Jersey, and he has been investing in
1:26.6	residential real estate since 1991.
1:28.3	He continues to work full-time as a project manager slash chemical engineer performing project execution of engineering, procurement, and construction projects in the pharmaceutical, chemical, and food industries, and is a license as a professional engineer. He has a fix and flip
1:46.1	business as well, Langdon Properties LLC, which he focused on buying distressed properties,
	...

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