Business
In this episode, we talk to Powell Chee about his start in real estate and why quickly he shifted into multi-tenant assets, the three main roles of a real estate syndication team, a key difference between residential and commercial lending that challenges many investors making the switch, and how to build relationships with commercial real estate brokers that last. Powell Chee is a Los Angeles-based real estate investor who does all his investing out of state. After buying his first investment property in 2015, a single-family home in Kansas City, he came to the realization that one door at a time was not going to get him to his goals. Since 2017, Powell has partnered on 7 multifamily properties totaling over 1000 units. As Covid-19 affected the US in 2020, Powell shifted gears from multifamily and expanded his investments into self-storage. He closed his first self-storage property in January of 2021 and is operating it remotely. In This Episode We Cover: How he got started investing in single-family rentals but quickly shifted into multifamily investing How he scaled from those early self-funded apartment communities into larger assets with groups of passive investors Why he shifted from investing in multifamily into self-storage investments Some tips on forming real estate partnerships And much more! Books and Resources Mentioned: The Road to Family Freedom: https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com) Website: http://www.multifamilymasters.com/ (www.multifamilymasters.com) Email: powell@multifamilymasters.com Facebook: https://www.facebook.com/powellbiz (https://www.facebook.com/powellbiz) Twitter: https://twitter.com/powellchee (@PowellChee) Follow Us: https://www.facebook.com/roadtofamilyfreedom/ (facebook.com/roadtofamilyfreedom/) https://www.instagram.com/roadtofamilyfreedom/?hl=en (instagram.com/roadtofamilyfreedom/) https://twitter.com/r2familyfreedom (twitter.com/r2familyfreedom) Other Stuff: If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes? It takes less than 60 seconds, and it really makes a difference in helping to convince hard-to-get guests. For show notes and past guests, please visit https://www.roadtofamilyfreedom.com/episodes/ (roadtofamilyfreedom.com/episodes/) Discover the tools and services we use, visit https://www.roadtofamilyfreedom.com/ (roadtofamilyfreedom.com/resources/)