Learning the In’s and Out’s of Underwriting with Charles Seaman

Multifamily Masters Podcast

Charles Seaman’s primary focus as a Senior Acquisition Manager and Asset Manager is to locate high-performing multifamily real estate deals throughout the Southeast region of the U.S.

He is responsible for performing all of the company’s initial underwriting and analysis of these deals, which ultimately determines whether or not the deal will be a good fit for the company.
Finally, Mr. Seaman is 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.

Charles is also a host of a FREE underwriting session on ZOOM every Saturday at 4:00 PM EST. Don't forget to join his sessions and bring along a friend.

Highlights of the Episode:

01:55 - Background of the Guest

05:41 - Learning how to underwrite

07:10 - Underwriting - Outsourced or Insourced?

08:49 - Underwriting a deal to a multifamily acquisition

11:47 - Market Conditions

13:27 - Underwriting and Asset Management

15:25 - Process of Underwriting Deals

18:40 - Advice for people who are looking for high performing deals

19:17 - Build broker relationships

22:53 - Skills that someone needs to reach the level of relationships

24:29 - Presenting yourself to a broker

28:05 - Know more about the guest

Notable Quotes:

“If you’re just starting out, and funds are limited then it’s probably better to learn how to do it yourself or getting a partner that can do that. So keep in mind we all have unique skill sets where there are a lot of things we’re good at and things that we’re not.”

“You always want to be conservative with your Underwriting and one way to do that is to show a higher terminal Cap Rate than whatever your acquisition Cap Rate is. Your Cap Rate is going to be a measurement of what deals are selling for that area.”

“If you want to be successful with anything in life, you have to get used to failing on a regular basis.”

Connecting with the Guest:

Phone: [phone]

Email: [e-mail]

LinkedIn: https://www.linkedin.com/in/charles-seaman-90b9b932

Facebook: https://web.facebook.com/charles.seaman.31?_rdc=1&_rdr

Website: www.investorboardroom.com

Connecting with Multifamily Masters Podcast

YouTube: https://www.youtube.com/channel/UCT3w_X7dHVsfbCTXBHVeO0w
Facebook: https://www.facebook.com/RealEstateMastersSummit
Instagram: https://www.instagram.com/remsummit/

LinkedIn: https://www.linkedin.com/company/real-estate-masters-summit

Website: https://realestatemasterssummit.com/