Shifting from Multifamily to Self-Storage Investments with Powell Chee
Road to Family Freedom
English - May 03, 2021 11:00 - 1 hour - 38.1 MB - ★★★★★ - 27 ratingsInvesting Business business investing realestate financialfreedom realestateinvesting firemovement flipping invest property rental Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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 investingHow he scaled from those early self-funded apartment communities into larger assets with groups of passive investorsWhy he shifted from investing in multifamily into self-storage investmentsSome tips on forming real estate partnershipsAnd much more!Books and Resources Mentioned:
The Road to Family Freedom: roadtofamilyfreedom.comWebsite: www.multifamilymasters.comEmail: [email protected]Facebook: https://www.facebook.com/powellbizTwitter: @PowellCheeFollow Us:
facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther 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 visitIn 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 investingHow he scaled from those early self-funded apartment communities into larger assets with groups of passive investorsWhy he shifted from investing in multifamily into self-storage investmentsSome tips on forming real estate partnershipsAnd much more!Books and Resources Mentioned:
The Road to Family Freedom: roadtofamilyfreedom.comWebsite: www.multifamilymasters.comEmail: [email protected]Facebook: https://www.facebook.com/powellbizTwitter: @PowellCheeFollow Us:
facebook.com/roadtofamilyfreedom/instagram.com/roadtofamilyfreedom/twitter.com/r2familyfreedomOther 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 roadtofamilyfreedom.com/episodes/Discover the tools and services we use, visit roadtofamilyfreedom.com/resources/