Cash Flow through Commercial Real Estate with Charles Seaman, Ep. 594

Charles Seaman 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 seven (7) multifamily properties totaling 775 units, having gone full cycle on four (4) multifamily properties. He has 14 years of prior experience working for a commercial real estate investor in NYC.  During this time, he assisted the investor with acquiring deals, obtaining financing for them, and managing and leasing them after the deals were closed.  While there, he also assisted the investor with the management of numerous other businesses that he owned, including a plumbing company and several bars and restaurants.  During his spare time, he also actively traded stocks from 2009 to 2014.   In this episode, we talked to Charles about Cash Flow Champs, their investments, his insights on balancing cash flow, adjusting strategies accordingly with a rapid change in economic trends, the vision for Cash Flow Champs, team building, and much more.   Announcement: Become a member of the Apartment Investing Mastermind here.   Scaling a Portfolio;   02:22 Charles' background; 04:41 An insight into Cash Flow Champs; 05:12 What they invest into today; 10:07 An insight into balancing cash flow; 11:27 Adjusting strategies in accordance to the shift in economic trends; 21:19 The vision for Cash Flow Champs; 23:40 An insight into team building; 29:33 Round of Insights   Announcement: Don’t miss the Best Ever Conference this year on April 10th to 12th. Use my code CASMON15 for 15% off!   Round of Insights   Apparent Failure: Not finding the correct people to partner up with, and lack of proper due diligence in one of the past deals. Digital Resource: BiggerPockets. Most Recommended Book: How to Win Friends & Influence People. Daily Habit: Following an already-built routine. #1 Insight for scaling a multifamily portfolio: Building as many relationships as possible, as soon as possible. Best Place to Grab a Bite in Brooklyn, NY: L&B Spumoni Gardens.   Contact Charles: https://cashflowchamps.com/  Charles’ Media Channels   Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.