JF1486: From One SFR To Owning 100+ Units in Just Three Years While Working Full Time with Powell Chee

The Best Ever CRE Show

Best Ever CRE

Realestatepodcast, Entrepreneurship, Business, Realestate, Investing, Realestateinvesting, Realestateinvestingpodcast

4.8 • 983 Ratings

🗓️ 27 September 2018

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Powell bought his first property in 2015, which was just a single family home that he rented out. In the 3 years since then, Powell has acquired some bigger deals, for a total of over 100 units. Oh yeah, he’s also been working full time during this time! If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!

Best Ever Tweet:

“You don’t need to create something new, model what others have done before you” - Powell Chee

Powell Chee Real Estate Background:

Managing Partner for Platinum Equity Partners
Has developed a specialization for investing in out-of-state multifamily properties
Bought first SFR in 2015 then purchased two apartment buildings totaling 101 units
Runs a meetup than grew to 500+ members
Based in Redondo Beach, CA
Say hi to him at https://www.platinumequitypartners.com/
Best Ever Book: Miracle Morning by Hal Elrod

Get more real estate investing tips every week by subscribing for our newsletter at BestEverNewsLetter.com

Best Ever Listeners:

Do you need debt, equity, or a loan guarantor for your deals?

Eastern Union Funding and Arbor Realty Trust are the companies to talk to, specifically Marc Belsky.

I have used him for both agency debt, help with the equity raise, and my consulting clients have successfully closed deals with Marc’s help. See how Marc can help you by calling him at 212-897-9875 or emailing him [email protected]

Transcript

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1:05.0	You don't need to be so creative that you can invent something new in this real estate world.
1:10.1	Others did it before you and you could just model what they did and then later on make adjustments as needed.
1:15.6	Best ever listeners I'm so excited to share today's sponsor with you. It's Eastern Union funding and Arbor Realty Trust.
1:23.2	If you're in the multifamily space, you likely recognize these names, but have you used them?
1:28.6	I'm guessing if you haven't, then you probably know someone who has. I can tell you personally we have
1:35.3	used Mark Bellsky he is a point person at Eastern Union funding as a partner
1:41.0	with us and he has helped us secure debt for actually a deal we closed on this month and we've worked with him in addition my clients my my consulting program, have worked with them to successfully
1:54.8	close on deals.
1:56.5	When we were starting out, Ashcroft was starting out, we had somewhat of a track record,
2:01.6	but we weren't fully as established with our investor network.
2:07.1	I went to him and we secured some equity, $500,000 in equity to fund one of our deals.
2:14.7	While he works with more institutional partners,
	...

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