153. Why Transitioning to Commercial Real Estate Is Worth the Effort with Charles Seaman

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.       #RealEstateInvesting #RealEstate #AparmentInvesting  #AssetManagement #MultifamilyInvestment #CommercialRealEstate #CashFlow #MultifamilyCoach #PropertyManagement #SingleFamilyHomes #Transactional #RelationshipBased #MultifamilySyndication #Brokers #NegotiationSkills #Charlotte #NorthCarolina #Underwriting #Section8Tenants #Landlords #Tenants #BrokerRelationships #BuildingRelationships #InvestmentReturns #AverageAnnualReturn #ExpenseRatio #CashFlowChamps #MasterPassiveIncome #RentalProperty #PassiveWealth #JoinTheWINpod #WestsideInvestorsNetwork     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/   ·    Twitter | https://twitter.com/WIN_pdx   ·    Instagram | @westsideinvestorsnetwork   ·    LinkedIn | https://www.linkedin.com/groups/13949165/   ·    Facebook | @WestsideInvestorsNetwork   ·    Tiktok| @WestsideInvestorsNetwork   ·    Youtube | @WestsideInvestorsNetwork