He Built a 1,000 Unit Portfolio in 5 Years (Here's How) | Roots Pod #65
Chad Schieler read more than 100 real estate books before he bought a single property. Five years later, he scaled to over 800 doors...
Chad is the founder of Focused Capital, an Indianapolis firm that owns about 800 apartment units and expects to cross 1,000 in October. He spent almost 20 years selling credit card processing before he ever looked at a rental. He got into real estate for one reason, and it was the tax bill.
The part investors will want is how he wins deals now. Last year he made around 55 offers and two stuck. He is almost never the highest bidder. More than two-thirds of what Focused Capital owns came from being second in line, still sitting on the broker's list when the first buyer could not close.
RESOURCES
Chad spent three years reading before he made his first offer. If you are stuck in that same waiting period, start here:
Free Investor's Guide (house hacks, BRRRR, rentals, 1031s)
https://www.rootsrealty.co/resources/investors/indianapolis-real-estate-investor-guide?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep65&utm_content=investor_guide
Are you ready to invest? (2-minute quiz)
https://www.rootsrealty.co/investor-readiness-quiz?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep65&utm_content=investor_quiz
Book a 30-minute call with Roots
https://calendly.com/maxrealestate/30-min-info-call-roots-co-clone?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep65&utm_content=book_call
Get the Roots newsletter
https://www.rootsrealty.co/newsletter?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep65&utm_content=newsletter
SPONSORS
Phil Nelson at Best Flooring: https://www.bestflooring.com/
Renato Lima at Approved Mortgage: https://apply.approvedmortgage.com/homehub/signup/rlima@approvedmortgage.com
Disclaimer:
This video is for educational and informational purposes only. Nothing in this video should be construed as legal, tax, or financial advice. Always consult with licensed professionals before making any real estate investment decisions.
0:00 – Intro
0:22 – Chad's Jump into Real Estate
3:40 – Chad's DISC Profile
6:27 – Our Sponsor (Best Flooring)
6:55 – The Foundation That Helped Make Chad Successful
8:00 – Chad's First Deals
10:59 – Real Estate as a Side Hustle
11:46 – Why Value Add Investing?
12:23 – Chad's Approach to Finding Deals and Sending Offers
16:11 – The Right Time to Hire Employees
18:56 – What Is the Mission Behind the Real Estate Journey
24:40 – Our Sponsor (Approved Mortgage)
25:02 – Biggest Lessons Learned From Raising Capital
33:00 – How to Prepare for Changing Markets
35:41 – The Approach to Raising $19 Million of Capital
40:20 – How to Warm-up Leads
43:26 – Seeking Advice Will Help You in Your Business
44:42 – Rapid-fire Questions
Chad is the founder of Focused Capital, an Indianapolis firm that owns about 800 apartment units and expects to cross 1,000 in October. He spent almost 20 years selling credit card processing before he ever looked at a rental. He got into real estate for one reason, and it was the tax bill.
The part investors will want is how he wins deals now. Last year he made around 55 offers and two stuck. He is almost never the highest bidder. More than two-thirds of what Focused Capital owns came from being second in line, still sitting on the broker's list when the first buyer could not close.
RESOURCES
Chad spent three years reading before he made his first offer. If you are stuck in that same waiting period, start here:
Free Investor's Guide (house hacks, BRRRR, rentals, 1031s)
https://www.rootsrealty.co/resources/investors/indianapolis-real-estate-investor-guide?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep65&utm_content=investor_guide
Are you ready to invest? (2-minute quiz)
https://www.rootsrealty.co/investor-readiness-quiz?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep65&utm_content=investor_quiz
Book a 30-minute call with Roots
https://calendly.com/maxrealestate/30-min-info-call-roots-co-clone?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep65&utm_content=book_call
Get the Roots newsletter
https://www.rootsrealty.co/newsletter?utm_source=podcast&utm_medium=episode_description&utm_campaign=ep65&utm_content=newsletter
SPONSORS
Phil Nelson at Best Flooring: https://www.bestflooring.com/
Renato Lima at Approved Mortgage: https://apply.approvedmortgage.com/homehub/signup/rlima@approvedmortgage.com
Disclaimer:
This video is for educational and informational purposes only. Nothing in this video should be construed as legal, tax, or financial advice. Always consult with licensed professionals before making any real estate investment decisions.
0:00 – Intro
0:22 – Chad's Jump into Real Estate
3:40 – Chad's DISC Profile
6:27 – Our Sponsor (Best Flooring)
6:55 – The Foundation That Helped Make Chad Successful
8:00 – Chad's First Deals
10:59 – Real Estate as a Side Hustle
11:46 – Why Value Add Investing?
12:23 – Chad's Approach to Finding Deals and Sending Offers
16:11 – The Right Time to Hire Employees
18:56 – What Is the Mission Behind the Real Estate Journey
24:40 – Our Sponsor (Approved Mortgage)
25:02 – Biggest Lessons Learned From Raising Capital
33:00 – How to Prepare for Changing Markets
35:41 – The Approach to Raising $19 Million of Capital
40:20 – How to Warm-up Leads
43:26 – Seeking Advice Will Help You in Your Business
44:42 – Rapid-fire Questions
