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Global Investors Podcast
GI40: Syndicating 1000+ Apartments While Working Full-Time with Powell Chee
March 25, 2020
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Syndicating 1000+ Apartments While Working Full-Time with Powell Chee

Powell Chee is a syndicator and general partner in 1000+ units specializing in out-of-state multifamily properties. In 2015, while living in Los Angeles, Powell began his real estate investing with a purchase of a house in Kansas City.

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Announcer
Welcome to the Global Investors Podcast, a show that focuses on helping foreign investors enter the lucrative US real estate market. Host, Charles Carillo, combined decades of real estate investing experience with a professional background in international banking to interview experts in all areas of US real estate investing. Now here’s your host, Charles Carillo.

Charles
Welcome to another episode of the Global Investors Podcast. I’m your host Charles Carillo. Today we have Powell Chee. Paul is a syndicator and general partner in 1000 plus units specializing in out of state multifamily properties. He lives in Los Angeles and started in 2015, with a house in Kansas City, then purchased a 40 unit apartment building in Indianapolis and then a 61 unit property. In 2019. He was general partner on 900 plus units spread over five larger properties in Dallas, Atlanta, Jacksonville, Phoenix and San Antonio. So thanks so much for being on the show.

Paul
Thank you, Charles. Happy to be here.

Charles
So can you give us a little professional background on yourself prior to getting involved with real estate in 2015?

Paul
Yeah, sure. So you know, professionally wise, I’ve been in sales. I’ve been in sales for since like, around 2010 ish. previous career I was actually in coaching. I was in athletics, and so totally separate, totally separate thing. I was in that for a while but then I got into sales started doing pretty well with sales sort of working for a couple of Fortune 100 type companies did really well and then I started looking to what to do now that I’m starting to make some money and sort of think like, you know, how am I going to best this and that’s what kind of led me to real estate investing, you know, wasn’t right away or anything but the through a series of time that kind of led me through to real estate investing.

Charles
So how’d you pick real estate as your investment vehicle?

Paul
You know, at first I didn’t write the first it was mostly stocks and you know, trying to figure out stocks and things like that just kind of the normal path I think that many people take. I did read Robert Kiyosaki’s book, I’m sure that every like, everybody’s read, right, Rich Dad, Poor Dad, super inspirational. Totally wanted to do it. I read that back in I think 2005 ish, somewhere around that time. So it had been a while since I’d read that book, but I just didn’t feel like I could apply the same principles as the book and I didn’t really feel like there was any follow up. I could do after reading the book I was really inspired really wanted to do it really was looking for a way to do what he was talking about, but living in Los Angeles, you know, thinking about trying to buy a house and rent it out. It was like, you know, minimum houses for are around $500,000 and you’re talking that’s like a condo or you know, you know, it depends on where you were in LA, but and I’m just thinking, how am I gonna ever save up 20% down to do this. And you know, I mean, that’s gonna be a long time before I’d be able to do that. make that happen. So I just really didn’t see a way of doing that back in 2005-2006-2007. And then what brought me to real estate was that I started listening to a few podcasts and I started really realizing that people can do this outside of their local area so you don’t have to live in Los Angeles and buy in Los Angeles. You can live in Los Angeles and buy somewhere else. And that just blew me away. I was like, no way you can do that. And, you know, as I’ve gotten more into it, you realize that nowadays, it’s as easy as it’s ever going to be, right? I mean, it’s only going to get easier, right? The technology is going to improve, everything’s just improving constantly, you know, it was a lot harder 30 years ago, but now it’s a lot easier, it’s just gonna get easier and easier. So that just that just really opened my eyes to the possibilities of investing outside of California in general. So

Charles
Yeah, that was gonna be my second thing because most my second question because most people are dead set on the area that they live in, which is obviously the best place if you can do it there but it’s really thinking outside the box. If you’re going to I mean, you’re going 1000 plus miles away from where you live, to invest. But so tell us about your first couple real estate investments you started with single family and then you quickly escalated into multifamily larger multifamily?

Paul
Yes, so first was a single family house that I bought in 2015. The entity Doesn’t 15 a single family house in Kansas City. So again, living in Los Angeles, buying in Kansas City, really was a, you know, turnkey type of property. Right. I bought it through a turnkey, turnkey provider. But I actually did really well on it. And it was one of those things that I realized really quickly it was just not scalable. The way I did it, it was just happened to be I got really lucky or I happened to do good research on maybe a little combination of both, but it was not something that was going to be able to be repeated as often as I would have liked to right you know, I was thinking I want to repeat this a couple times a year or maybe minimum twice a year and I was just after I did it, I thought I can’t I this is I either got really lucky or I just did some really good research but it’s not something that was repeatable for me the way I was doing it so quickly after that, I just thought, you know, if I’m going to scale I’d heard a lot about doing multifamily and picking up more units and thought, you know, this is probably the way I’m going to do it. So about a year later, which is the very beginning of January 17, I bought my first property, which was a 40 unit building in Indianapolis. And so that was my first involvement with multifamily. And since then, yeah, I mean, continue on in that, I guess, in that fashion.

Charles
Yeah, that’s awesome. So what was the focus? The focus point on larger properties was a scalability factor. That was the main thing.

Paul
Yes, it was the scalability. And, you know, quickly, I was realizing that I was gonna have two partners very, very soon because I was gonna run out of money, you know, I just was gonna run out of money and I couldn’t really wait to have you know, to build up enough money through my job to buy another house to just continue that process was just going to be too slow to do more than once a year, you know, buy a house, save up enough money, buy another house, save up enough money, that was just gonna take way too long. I was just like, this is not gonna it’s not gonna be The way that I want to do it, I’d like to go a lot faster than that. So I realized I was gonna have to buy bigger properties, but then I also realized I was gonna have to get other people involved because I was just gonna run out of money. Yeah,

Charles
You run out of money and you run out of resources too. So yeah,

Paul
Absolutely, absolutely.

Charles
What are how are you able to? So you went from 46 units? And you know, two years there and then in 2019? I mean, you put up nearly 1000 units. Can you explain a little bit how you’re able to grow your business what you got set, and 2018 that made it available and possible for you to grow it so big last year?

Paul
Yeah. And I’ll just rewind a little bit just to kind of go through the through the journey of how I did it and everything but after January 2017, was my first 40 unit Indianapolis and the next year, it took me a year to buy another property because I had to get it stabilized. You know, it’s my first multifamily is stabilize working property managers, you know, all the different things About and I was doing it all on my own. And this wasn’t easy, you know, just kind of learning it all on your own doing it all on your own. Just Yeah, wasn’t wasn’t very easy at all and didn’t have anybody around really that could that could help me. So then it took me about a year and I got another 61 unit deal under contract. But I, at that point, I had a few friends and a few family members that were saying, hey, Paul, we’d like to support you, I’d like to get in on your next deal. We like what you’re doing. So let’s move forward. Well, you know, try to get on so they partnered with me, and on my next 61 unit deal. So that was exactly a year later is January of 2018. And again, I was doing primarily the stuff most of it on my own right, I found the deal, analyze the deal, got the groups together, got everybody together, raised the capital and was running most of the deal most of it by myself, but you know, all the partners are involved. But you know, for the most part I was the point And after that second one, so January 2018, I realized quickly that I was running out of time i was i was thinking how I’m how we’re looking at other people. And I’m thinking, how are they able to do so many deals in a year I get, it takes me a year to do another deal. And I don’t know how I can speed this up, especially the pace that I’m going on. So really, I started to look quickly after that, into getting into syndications and with syndications, I wasn’t going to be the main person doing everything, I wasn’t going to be the main person finding the deal, analyze the deal, doing all the due diligence, raising the capital, then doing the operations afterwards, and then trying to you know, try to do all that. So really started to partner with people who were syndicators who could I could fit in a certain role and be how I bring my strength to the table at that point. And at this point also, my network has To become much stronger. So in when I was when I had my 40 unit, my 61 unit, my network wasn’t very strong. At that point. It was, like I said, friends and family that knew what I was doing. But I didn’t have much in terms of outside people that I that I knew that were doing what I was doing. And so, by that time, my network had grown a lot stronger. And now I knew a lot more people that were doing what I was doing a lot more people that were interested in doing what I was doing, not more people that could help me. And all of that was kind of culminated and allowed me to get into about 900. Yeah, a little over 900 units in just one year in 2019 and get involved in five different syndications. Certainly partnering with other people so it’s not just again, it’s not just me as the one person that’s running the whole thing. I am partnered with several different people on those and and then I’m can bring in what is really my strength to the to the table, so that’s

Charles
O kay. Awesome. Now you still have a day job and you’re an out of state investor. So there’s a lot of hurdles that you have to jump to keep everything moving. What what systems do you have in place with your teams now, to keep everything to keep everything running? I mean, talking to property managers vetting new deals, doing asset management actually walk into properties after you purchase them.

Paul
Yeah, I mean, you know, we slowly build the systems in place. I mean, honestly, the very first thing was that I got a partner. So one business partner him and I run, almost everything that we do through through each other and our skills are, are very complementary skills. And we found that we were both Well, actually, like how we met was we were actually competitors. We were both bidding on properties in Indianapolis that were around that, say 40 to 60 unit size. And then we started, he started sending me the deals like he sent me the deal with his underwriting and I was like, well, this guy’s pretty open. He’s just sending me like, he’s telling where he’s gonna, he’s where he’s gonna bid and how much he’s gonna bid on it. I mean, I was like, okay, you know, and it’s always, you know, I try to be respectful and tell him Okay, well, you know, I won’t bid on that one, just at the same price that you are $5,000 more than you do, or whatever, you know, something like that. But then we just started to do that back and forth. I said, Hey, do you know about this property? And maybe you want to be not too young said you can go ahead, you know, I’m going to show my underwriting and then we just started sharing our underwriting a lot to each other, and realizing that we were very close, we were, you know, talking all the time and, and we just decided, hey, let’s, let’s, let’s start working together. And then at this point, we started to figure out what are our skills right and, and his skills were a little bit more on the underwriting side. So his, his focus was on the underwriting side, my side was really on the network side, you know, capital side network, and also the broker side and things like that. So, so we started to focus on what were our strengths were and that really, that I mean, that’s just that simple thing allows you to just move along A lot faster, right? Because he’s a lot better at underwriting than I am. So I don’t need to, you know, he might do three or four, you know, deals and underwrite them, and I do I do one. And then you know, by the time I finished that one, he’s already like, moved on to a couple ones. So why am I holding the company back by doing the underwriting and then giving it to him then figuring out and that kind of thing. So it’s like, now let him do the underwriting. Let me let me work on the network side of it. Let me let me look on sort of the big picture of where we’re going. And so that’s, that’s really helped. I mean, that right there and then you just build in some small systems to be in place like, you know, communication channels, we use slack. You know, we use slack a lot. And we use Asana as well as I asked him, What types of specific systems so those are the two systems that we use a lot, you know, just like project base would be Asana and then slack as our communication channel. And those, you know, those have been great, great tools for us.

Charles
Do you guys Do you do when you’re doing asset management? When you’re doing? Are you the one that usually speaks to the property manager? I know probably weekly or is it? It’s deal dependent?

Paul
Yeah. So it is deal dependent? And it depends on which, you know, I guess it depends on which deal, right. So it is still dependent. And there’ll be times where, yes, on on some of the properties that I have, where I’m talking with them. Yeah, I mean, could be formally we have a call every two weeks. But we talk to each other probably every week, because there’s things that go back and forth emails and phone calls and text messages and things like that, that are so going back. And yeah, and it could be all kind of different. But yeah, each deal is a little deal dependent.

Charles
So I mean, we’ve met through different networking, networking conferences and stuff like this. And you speak to a lot of new investors and I always like to speak to more seasoned investors and see exactly what mistakes they think, or they see other investors making whether it’s dependent on the world In the market cycle, or is it just factors that aren’t dependent on the market cycle? What do you commonly see?

Paul
I think that what I’ve seen recently and a lot of and a lot of people is, is a lot of paralysis analysis with young with newer investors, right. There’s a lot of questions, if everything. So questions about like, Hey, what’s the market cycle like, or should you invest at this time? There’s, in my doing my under, you know, this underwriting right is is this market good? You know, what’s the difference between Houston and Phoenix? And, you know, why would why wouldn’t you invest in Atlanta? And a lot of these questions that I mean, truthfully, like, they’re, they’re all mental, there’s many good markets, and if you’d kind of choose three of them, you can you can move forward with them. You don’t you don’t have to figure out okay, well, is Nashville really better than Atlanta? I mean, I mean, Really, if unless you’re living there to me, when you’re not living there, it doesn’t really matter that much, you know, I mean, they’re probably the same flights away. So it doesn’t really matter. But a lot of people get really bogged down into like these details and things like that. And I’m not just saying like, you don’t have to worry about it. I mean, go get it, you got to, you got to talk to broker first, like, you got to talk to people and get some of these deals and look at them and analyze them before you start worrying about whether or not I don’t know whether or not San Antonio might be better than Kansas City or something like that. So I see a lot of an analysis paralysis, where I think people should actually just move on and just like, start to get things going. Because the action is really what generates a lot of momentum. You know, it really generates a lot of momentum with other people, and they see you doing stuff they want to, they want to be part of what you’re doing. When you’re doing more stuff. It just allows you to just like pile on more and more and just like get that snowball going and you can really kind of just have harness that sort of energy. But if you just stay stuck, your energy is not moving forward. And it’s just a lot of back and forth talk, you know, in one ear out the other one in that kind of thing. Just you’re not really going anywhere and you’re not really not really making any momentum happen. I really believe that action is more important. Really then, sort of the sort of, I don’t know, the den worrying about the worrying about everything aside.

Charles
Yeah, I mean, there’s so many good markets out there now. And the main thing we look for is usually job growth when we’re looking through for markets and we’re mainly specific in the whole southeast Florida mainly, but it’s, you know, there’s job growth going in these areas and you you make sure that there’s there’s population growth, it’s things you look at, and then you have to pull the trigger on what you’re doing. But you’re right on, the more active you are. It pulls more people to you. It’s more like a magnet because now people want to send you deals. People want to partner with you. People are asking How can we work together? You know, I mean, so which I imagine you’re getting a lot of when you have different networking events.

Paul
Yeah. Yeah, absolutely. I mean, that’s, that’s again, that’s it’s got that snowball as moved is moving pretty well for me. So I’m pretty lucky in that fashion.

Charles
Nice. Nice. I want to go to switch gears a little bit. And you started a local meetups around the United States and I guess internationally is so you guys have over 50 meetups, and I run the one with one of my partners in Tampa, and give us a little bit about multifamily masters and how you guys are doing that and how it’s shorter.

Paul
Sure. So, you know, when I had my first 40 unit apartment building, which was like I said, January 2017. At that time, I mentioned a little bit that I was doing this all by myself, right. And I didn’t you know, I had gone through programs I had learned and programs kind of learned podcasts and books and you know, forums and things but I was doing it all by myself in I was realizing that I don’t like being the lone wolf out here just doing this all by myself. Like, there’s other people doing this, but I’m not interacting with them all. I’m just sitting in front of a computer all the time. And that wasn’t that wasn’t really that fun for me. It’s just, I didn’t like that. All right, just nobody to talk to about hey, you know, what about this? Or have you thought about this? Or what would you do in this situation? I’m having this problem. What would you do? or what have you done before? And I had none of that I had no network really at all. Well, I mean, it’s very small network. I’d say it’s just for friends and family. And then so about December I think of 2017. Around that time. I thought about you know, maybe I had gone to other meetups by this point, I’d gone to other local meetups and, and they focused a lot on you know, real estate investing in general. So it was about hey, you know, here’s wholesaling and flipping and, you know, just a lot of different Like private lending or anything like that. And then there was one that was local that was on multifamily, but it was all multifamily in California. So it’s about buying like a two unit or three unit or maybe a six unit in in LA. Right. And to me, at this point, I was like, This is not what I want. I want to I want to network of people who want to invest outside of California, but also want to focus on multifamily. So I started my own out of state multifamily investing Meetup group. And it was, you know, it was kind of nerve wracking at first because I just said, I was kind of inspired and I thought, you know what, I’m going to do it so I just a week later, I said, I’m gonna do it here and I just did it in the in the hotel lobby of just hotel. I didn’t really tell them that I was going to meet there. I just said let’s do this as have people. Let’s go meet there. And so there’s what’s eight of us? Eight people showed up. And I was like, okay, cool, you know, I was happy, I was a little nervous. In the beginning, I was like, Who’s gonna show up to this, I hope that somebody shows up. And, you know, we just all talked about real estate in what we were doing and, and everybody seemed really positive after it. And I thought, Oh, I’m gonna continue to do this. Let’s Let’s continue and make this. Let’s see if we can get this to grow. So the next time I had it was about 20 people, and that that quickly sort of outgrew that lobby area because they basically kicked me out after that time, they said you can’t come here anymore if you guys aren’t going to eat anything or pay for any food. So I had to start looking for places found found a couple places, restaurants and things like that, that that would be able to we to be able to meet at and so that group started growing, started growing and gained some momentum here in LA. Within six months, I opened up two more chapters in LA. So with some partners of mine, so six months we had three chapters total. Longest chapter, my chapter is in the South Bay. Los Angeles and then another one in West LA. And then we were running that for a while pretty pretty well, we’re feeling pretty good about where we’re at and feeling like we’re growing pretty well. And then about a year later, we decided to add more chapters because at this point, a lot of people had been asking us to open up some chapters. And so we were saying yes, and then we’re figuring out how to grow. And we actually opened up I think, at that time, it was eight, eight total chapters in LA. So we opened up several, you know, a bunch of them, that all opened up at that same time. And we had about eight chapters running and we were there for a little while, but then we quickly started to grow to 15 to like, you know, then it started to be 30. So, in that year that we grew from three to eight, that was in say, that was in May of 2019. And then by say, September, 2019 we had already had about close to 30. And by the end of 2019 Yeah, we’re, we’re really hovering at about that. 50. right then. Wow,

Charles
I didn’t know you had eight in LA. That’s a, that’s a lot. That’s a lot of meetups there. I think it’s five, which is a lot as well, but I mean, eight is, how many what’s your turnout at those events?

Paul
You know, they can they’re anywhere from anywhere from, I would say 25 to some of them are in the 60 to 70 range.

Charles
Yeah. So that’s good.

Paul
Yeah. I mean, you know, you got to fear LA at six o’clock, you know, people who are driving or, you know, they don’t want, you see the traffic out there. They’re like, I’m not driving, I’m not driving 30 miles to sit in two hours of traffic to get to this place at six o’clock. I’ll go to the one that’s close to me. And so we’ve, you know, we opened up about eight or eight of them and it’s just la that’s not including some of the other counties and everything. There’s in Orange County. That’s right next to us. You know, some of the counties that are that are right by that are opening up chapters there too. So

Charles
Nice. Yeah. So you guys have 50 Plus I know I went to your one in Hong Kong your first one that you had there a couple months back. So that was

Paul
I mean, we’re super happy about that. Right. We got an international chapters going as well. Right. So Hong Kong you were there with our very first one was our very first international meetup. So I mean, that’s just a that was huge for us to say that like, Hey, we’re international now. Our second one is in Dubai or Abu Dhabi, And then we have you know, interest again from Israel, it looks like this. Well, then we have interest from Israel and we have interest from let’s see, I think Singapore, or Malaysia, Malaysia, so I don’t know. I mean, that’s, that’s great. You know, we were excited about that. That’s,

Charles
That’s a good size of his money. So it’s a good place to find people to partner with so that’s awesome.

Paul
I mean, really, that’s what this was about. Right? This is why I created it was really to say hey, like There’s when you’re doing this all by yourself, it’s not all that fun there you know, if you’re just sitting behind a computer, or I don’t know, for me it’s not all that fun but when you’re actually in a group with people and you’re you’re you’re in a group you’re talking about real estate and what people are doing and you get inspired to hear Wow, this guy just started he’s already going he’s already got this and and this girl you know, she already put a she got this under contract and she’s only started real estate investing like like three months ago and she’s already got something under contract and these people are doing this and you get really excited to hear all that and then this whole network is really just allows people to connect from anywhere so you could be in LA and then the chapters that are going on in Tampa maybe some people over there have a deal then and the people in LA you know they might have connections to people in Tampa now they decide hey, I’d actually like to invest in Tampa I have friends there I family there I grew up there. So I’d be more comfortable actually investing there. And now we have connections all over so people over all over the world can potentially you know, get involved in that too. They say well You know, I like you know, I like Texas or I like, you know, I like Baltimore anywhere that we have so.

Charles
Every networking Yeah, every multifamily masters I’ve gone to I meet very interesting people great contacts that I keep in contact with It’s awesome. So yeah, absolutely it’s great. So um how can people learn more about your business and if they want to reach out to you about a meetup if they want to do one in their local area or something like this.

Paul
Yeah, sure. I mean, the best place to go for our meetups is go to Multifamily Masters when that’s what the s.com (https://multifamilymasters.com/) so if you go to multifamily masters, you can see in there where our locations are currently as well as getting in contact with us and you can see a little bit of our background of several of the people who are in the leadership and you can always write to us. Another great place is our Facebook group. So if you go to Multifamily Masters and then you put .com after it when you look for that specific Facebook group. That one will lead you to our, to our Facebook group and there you can just apply to get in and start posting from there. There’s an all of our chapter leaders are in there and people post with when they have their meetings as well as posting other content about things that are coming up in real estate and although all the chapter leaders are there to to respond as well and and connect people, and that’s, that’s really what it’s all about for us.

Charles
Okay, awesome. And you guys also have a virtual meetup too, that you do once a month. And we’re doing it as a member.

Paul
Yeah, and we just started that. So we just started it last month was our first one so so January of 2020 was our very first one of doing a virtual meetup. And we were on it to test the waters so we are you know, various we did it on we did it online. We thought I don’t know how many people are gonna show up to this. We don’t know you know, what timezone all looks kind of different things that we’re thinking about, right? We’re probably overthinking it, really. And think about what you know what Kind of topics that we’re going to bring up who’s going to speak? Or we’re going to host or what all these kind of questions. And but it turned out great. It actually turned out. Great. So we had a maximum capacity of 100 people. And I think we had over 200 something registrants, but that we hit capacity within the very first few minutes of getting on there. So we’re, we didn’t know if we would hit capacity. We didn’t know what type of response that people would you know, that they would register it actually show up or not. But we got on the three of us, the three in the leadership got on about an hour early just to test the systems and to just go over our agenda and things like that. And there was already like, there’s only like six people on and then by the time we were done, there was probably like, there’s probably like 10 people on and it was 45 minutes before we even started. And so we’re like, oh, these people are there. They’re their go getters they really wanted they really want to get on early and make sure they had a spot so it was great. So we do We’re planning to do that continue to do that we may even decide to grow it because the response was so great that maybe we’ll decide to do this more often than once a month, but the plan is to do it once a month, at least throughout the rest of the year. Maybe by the time this comes out, or so maybe we’ll decide to actually increase that amount.

Charles
Yeah, no, it’s a great it’s a great way of learning and obviously, it’s all this is all free. So it’s a great resource if you are an experienced investor, or if you want to invest start investing into multifamily and about your your business as well for and I’ll put all the links to it your investment company.

Paul
Yeah, you know, it’s, you know, it’s funny, and I tell this, I kind of tell the story and I’ve done this a little bit, just to kind of make a point but when I first started you know, I always you hear about hey, you know, create your company, create your logo, create your brand and everything and get out there, and I didn’t do that really that much. So I didn’t have a website until I had 100 units already purchased. So, you know, I was talking to brokers without a website I was just using my personal Gmail right no website no brand no logo no nothing right. still able to get 100 units under my belt at that point. And then I decided okay, well I got 100 units I might as well put up my my website right so I did put it up had it up for six, eight months or something like that got a cease and desist letter from a lawyer who said you’re infringing on our on our trade customers. Yeah, trademark or things like that. And I said, that’s fine. I mean, I’ll let it go. So I just got to just shut down the website. And and I haven’t put it up since and that’s one of those things that I’m like yeah, I mean, I should I should put up I should put up this and put up that but truthfully, I don’t know at this one. I will eventually but it’s really low on the on the totem pole of things to do right now. But so people can reach out to me honestly just reach out to me on my My personal email, which is powell.g says my first name, my last name @gmail.com and have a great shot to me.

Charles
Yeah, I’ll put that into the notes section. I’ll put that in the notes for the podcast and YouTube video. So, yeah, thank you so much for being on the show today. I really appreciate it.

Paul
Yeah, absolutely. It’s been a great time talking with you, Charles.

Charles
Oh, yeah. Hope to see you soon and have a great rest of your day.

Paul
Absolutely. Thank you.

Charles
Hi guys, this is Charles from the Global Investors Podcast. I hope you enjoyed the show. If you’re interested in investing in real estate and you don’t know where to begin, set up a free 15 minute strategy call with me at schedulecharles.com. That’s schedulecharles.com.

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Nothing in this episode should be considered specific, personal or professional advice. Any investment opportunities mentioned on this podcast are limited to accredited investors. Any investments will only be made with proper disclosure, subscription documentation, and are subject to all applicable laws. Please consult an appropriate tax legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of harborside partners incorporated exclusively.

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About Powell Chee

Powell Chee is a syndicator and general partner in 1000+ units specializing in out-of-state multifamily properties. In 2015, while living in Los Angeles, Powell began his real estate investing with a purchase of a house in Kansas City. His next purchase was a 40-unit apartment building in Indianapolis in 2017, followed by a 61-unit property nearby in 2018. With his growing multifamily experience, Powell then shifted his focus to syndicating larger multifamily properties. In 2019, he was a general partner on 900+ units spread over 5 larger properties in locations such as Dallas, Atlanta, Jacksonville, Phoenix, and San Antonio. He holds two master’s degrees and a sales executive he achieved the top honor of President’s Circle Award winner for a fortune 500 company.

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