Multifamily Industry Veteran FINALLY Stepping Into Personal Investment

[Stephen Seals]

Hello, BiggerPockets! I just wanted to formally introduce myself. My name is Stephen Seals. While I have lurked around BiggerPockets for several years, I plan to get involved in the community here and hopefully give as much or more than I get out of it. I come from the debt side of the multifamily business. After over a decade in asset management where I currently oversee a portfolio of more than 45,000 apartment units nationwide for a large Fannie Mae/Freddie Mac lender, I am finally ready to get into my first small multifamily buy and hold investment. My plan is to steadily acquire smaller multifamily properties and eventually roll them into larger multifamily deals, which is a natural fit, given my professional background. Perhaps knowing as much as I know about risk has made me a bit too risk averse - but I am about to step in the game and give it everything.

More than likely, I will focus my efforts on Indiana and very likely Indianapolis in particular, but I am also amassing intel and remaining open minded. To that end, I look forward to connecting with investors, brokers, and lenders in Indianapolis and other Midwest markets to tap into your knowledge and discuss any potential triplex/fourplex buy and hold opportunities. And certainly, if there's anything I can give back to the community from the Fannie/Freddie multifamily asset management perspective, I am happy to do so. Borrowers who have never been exposed to agency lending can often be caught off guard by the post-closing reporting and inspection requirements. It’s a completely different world. If I can help you or your clients by sharing my knowledge, please let me know.

Bottom line - I am driven, organized, capitalized, and ready to build mutually beneficial, long-term relationships. I look forward to connecting, contributing, and starting this amazing journey. Cheers.

Stephen