The Lone Star Capital Podcast

Fund Friday E88: How a Fund Manager Built a Real Estate Portfolio & Launched a Scalable Investment Fund | Sarah Miskelly Interview

Rob Beardsley

In this episode of Fund Friday, Craig McGrouther interviews Sarah Miskelly, founder of Hylee Capital, who shares her inspiring journey from growing up in multifamily property management in Toronto to becoming a location-independent fund manager living between Costa Rica and Canada.

Sarah reveals how real estate created lifestyle freedom for her family and why she pivoted from being a top-producing real estate broker to launching her own investment fund. She explains the disciplined due diligence process she uses today to vet institutional-grade deals and protect investor capital.

You’ll learn:

• Why DSCR at 1.0 is a red flag
• How she evaluates cap rate assumptions for risk
• The power of private credit and diversification across multifamily, triple-net, and energy assets
• How she built sustainable income beyond back-end equity
• Candid advice for aspiring fund managers and capital raisers

If you're raising capital, evaluating deals, or designing a lifestyle around real estate investing, this episode is packed with actionable insight.

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