In today’s episode of Passive Accredited Investor Show, Randy Lawrence, The Co-founder of Prosperity Capital Partners joins Bill & Wendy.
Randy Lawrence is known as a veteran real estate investor with decades of experience with single- and multi-family properties as well as a transformational community leader and church founder.
After receiving a degree in Finance with a minor in Economics, Randy began his career as a traditional wealth manager. He understands finance and investing strategies in the broadest sense.
Randy previously held Series 7 and 65 licenses from the National Association of Securities Dealers as a Securities Dealer and Registered Investment Advisor. He also worked in the Money Management sector for fifteen years and owned his own company which he sold in 2006.
Ultimately Randy determined that real estate was the ideal investment vehicle for his own portfolio, and early on (over sixteen years ago), he began partnering with other investors, to their mutual benefit.
Today, Randy oversees a real estate portfolio of $160MM in multi-family assets and is on track to double these holdings in the next three years.
His managing Partner Sara Jo Lawrence is a graduate of the University of South Florida, and she, along with Randy, currently oversees the Prosperity Capital Partners operation.
Timestamps: 0:01 - Introduction 1:41 - https://www.CarolinaHardMoney.com 1:57 - Wednesday with Wendy: https://calendly.com/wendysweet/wednesdays-with-wendy 3:34 - Today’s guest: Randy Lawrence 5:45 - Randy Lawrence talks about how 2008 affected his business and how he gets through it. 9:14 - You need to be more strategic in what you are doing 11:39 - There are multiple exit strategies available in the market 17:30 - Randy Lawrence talks about how is he able to find good apartment deals 21:46 - Long-Term exit strategies 25:43 - Adding value and relationships are important key factors when doing business 28:05 - Over the next decade rental housing is going to be the best investment you could make 28:54 - What CAP are you seeing out there? 31:05 - Classes of the properties and their CAP rate 36:15 - Connect with Larry Lawrence: https://www.PCPRE.net
Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground-up Construction Loans" for investors only in NC, SC, GA, VA, and TN (some areas of FL, as well).
As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management.
