Westside Investors Network (WIN)

Dec 04 2024 38 mins

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ABOUT CHARLES SEAMAN

He resides in Charlotte, NC and serves as a Managing Partner of Cash Flow Champs. He’s responsible for building and maintaining broker relationships and performing and overseeing the company’s underwriting activities. He’s also involved with contract negotiation and capital raising to make sure that the deals close, remaining involved after closing to manage the assets so that they perform in a manner that provides investors with exceptional returns. He’s currently a general partner in five (5) multifamily properties totaling 663 units, having gone full cycle on six (6) multifamily properties. He’s also a Multifamily Coach with Master Passive Income and is a co-host of the Charlotte REWBCLUB and the MPI Multifamily podcast.

THIS TOPIC IN A NUTSHELL:
Charles's career and journey to real estate
Investing in single-family homes and wholesaling

Getting into the Syndication space
What’s the difference between Single Family vs Commercial RE?

Building relationships with brokers
Dealing with partners/sponsors

About the 64-unit deal in Charlotte

Price, metrics, and Value Add Plan

Section 8 tenants and rent collection
How they deal with promise-to-pay tenants
What was the projected hold time for this asset?
Average Annual Return

Challenges in the deal
Projecting expense ratios in your market

How to know that an onsite manager makes sense

Connect with Charles

KEY QUOTE:

“The fundamental difference between single-family homes and commercial real estate is that SFH tends to be transactional, whereas commercial is more relationship-based. “

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professionals that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

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CONNECT WITH CHARLES:

Website: https://linktr.ee/charles_seaman

LinkedIn: https://www.linkedin.com/in/charles-seaman1

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com

· Youtube | @UptownProperties

Westside Investors Network

· Website | https://www.westsideinvestorsnetwork.com/