ABOUT SEAN POGGI

Sean is the Asset Manager of Uptown Syndication. He graduated from the University of Oregon with a Bachelor of Science in Business Administration and brings over 14 years of leadership experience with Apple Inc. Sean has been actively investing in real estate since 2015, with experience managing both short-term and long-term rental properties, including out-of-state investments. As a passionate Project Manager and Entrepreneur, Sean is focused on driving operational efficiency, overseeing asset performance, and supporting the long-term success of each investment opportunity.

ABOUT CHRIS SHEPARD

Chris Shepard is an experienced real estate investor, property manager, and real estate agent. He owns property in multiple states and chooses to invest in Portland, Oregon. He has completed multiple 1031 exchanges and cost segregations to maximize the tax benefits of investing in real property. Chris also holds the principal broker’s license for Uptown Properties LLC and is responsible for its real estate activities. On top of his state license, Chris holds a Certified Property Manager (CPM) designation from the Institute of Real Estate Management (IREM). He graduated with a Bachelor of Science in Business Finance from the University of Arizona. With his extensive background in deal analysis and negotiation, he provides incredible value to this company and its projects.

THIS TOPIC IN A NUTSHELL:

Sean and Chris break down the first full-cycle deal
Finding upside through low rents, neglected management, and deferred maintenance
Negotiating a $75,000 seller credit during acquisition
When the Freddie Mac loan fell through after a failed property inspection
Pivoting to hard money financing to get the deal closed
Tackling major mold remediation and taking one unit down to the studs
Replacing roofs, improving exteriors, and executing the renovation plan
Refinancing during COVID and navigating shifting lender requirements
How COVID reserves impacted refinance proceeds
The lesson learned from refinancing too quickly
Why loan-to-cost restrictions limited early capital returns
Stabilizing the property through improved operations and rent growth
Dispositioning the asset in 2025 after completing the full cycle
Key investor lessons and how they shaped future syndications

KEY QUOTE:

“Every investor remembers their first full-cycle deal because it teaches you what the spreadsheet never can.”

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professionals that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

We would like to thank our Sponsors: OffsitePros and MyMoneyWorksForMe

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CONNECT WITH SEAN AND CHRIS:

Sean’s LinkedIn: https://www.linkedin.com/in/seanpoggi

Email: syndication@uptownpm.com

Website: https://www.uptownsyndication.com

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com

· Youtube | @UptownProperties

Westside Investors Network