JF2859: Land Development & Entitlements 101 ft. Mark McGuire

<p><span style="font-weight: 400;">Mark McGuire started his commercial real estate career at the age of 17 assisting in apartment maintenance, working his way up through construction and sales. After he started buying his own units, Mark began participating as an LP in multifamily syndications.</span></p> <p><span style="font-weight: 400;">Today, he is the CIO of Hearthfire Capital, where he focuses on investor relations and serves as the interim development and entitlements director. In this episode, Mark shares the key to being successful with entitlements, how he recruits new investors, and his Best Ever advice when it comes to underwriting.</span></p> <p><strong>Mark McGuire | Real Estate Background</strong></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Chief Investment Officer at Hearthfire Capital, which invests in self-storage, multifamily, and single-family rentals.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Portfolio:</span></li> <ul> <li style="font-weight: 400;" aria-level="2"><span style= "font-weight: 400;">GP of 20 residential units</span></li> <li style="font-weight: 400;" aria-level="2"><span style= "font-weight: 400;">LP in 12 syndications across multifamily, industrial, hospitality, and self-storage</span></li> </ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Based in: Lansdale, PA</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Say hi to him at:</span></li> <ul> <li style="font-weight: 400;" aria-level="2"><a href= "https://hfirecapital.com/"><span style= "font-weight: 400;">Hfirecapital.com</span></a></li> <li style="font-weight: 400;" aria-level="2"><a href= "https://www.linkedin.com/in/investingwithmark/"><span style= "font-weight: 400;">LinkedIn</span></a></li> </ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Greatest lesson: How to go from the person investing in syndications to finding the de