Rob explains that he made his first million through Lone Star Capital’s core business model of buying, managing, and selling apartment communities. Acquisition fees provided upfront income, while successful exits produced carried interest once investors received their preferred return. Rob says his last million came the same way, simply through repeating the process at a larger scale as the portfolio grew from a few hundred million to nearly a billion dollars in assets. Looking ahead, Rob’s next milestone is building enough recurring management fee income to generate a million dollars without having to rely on buying or selling properties, creating a stable and scalable revenue engine for the company and himself.

Bullet Points and Higlight Points:
- Rob made the first million by buying and selling apartment communities through Lone Star Capital.
- Rob earned acquisition fees when closing deals.
- Rob earned carried interest when property performance exceeded investor return thresholds.
- Rob participated in profit splits once investors received their minimum return.
- Rob’s last million came from the same model, but at a larger scale.
- Rob scaled the business from a portfolio of a few hundred million to almost a billion in assets.
- Rob enjoys repeating and refining the same business model rather than chasing new strategies.
- Rob believes that if you can operate a million dollar property, you can operate a hundred million dollar property.
- Rob’s goal for the next million is to generate it through recurring management fees rather than asset sales.
- Rob aims to build a large enough portfolio for fee income to cover payroll, operations, and still produce meaningful personal income.
Links from the Show and Guest Info and Links:
Seth Bradley’s Links:
https://x.com/sethbradleyesq
https://www.youtube.com/@sethbradleyesq
www.facebook.com/sethbradleyesq
https://www.threads.com/@sethbradleyesq
https://www.instagram.com/sethbradleyesq/
https://www.linkedin.com/in/sethbradleyesq/
https://passiveincomeattorney.com/seth-bradley/
https://www.biggerpockets.com/users/sethbradleyesq
https://medium.com/@sethbradleyesq
https://www.tiktok.com/@sethbradleyesq?lang=en
Rob Beardsley's Link
https://www.facebook.com/RobertToddBeardsleyIII/?utm
https://www.linkedin.com/in/rob-beardsley/?utm
https://x.com/robbeardsley3?utm

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