All Forum Posts by: Stewart Beal

At www.bealcapital.com we vet 20 to 25 deals a week, make 5 to 10 offers a month, and purchase 2 to 3 properties a month.

We buy them big and small 3 units and up in our management foot print of 60 cities in the State of Michigan. If you are thinking of selling, come to us first, we will pay a fair price and make the process smooth.

We have listed a 5 unit apartment house for sale in Toledo's Old West End. Since acquiring this property we have renovated 3 of the 5 apartments and invested $25,000 into exterior wood replacement and painting. We are selling this one to 1031 into a larger property. If you are interested please connect with Roman w/ www.bealcapital.com His info is listed in the brochure. No wholesalers. No owner financing, but we would be glad to introduce you to our lenders.

Are you stuck trying to raise money for your deal? Three gems on how to raise capital for your real estate deals!
1. Attend local events where your target audience is likely to attend - check local newspapers, business journals, economic development authorities, and chamber of commerce publications for key dates.2. Connect with other investors on social media (LinkedIn, Facebook, etc) - this should be done every week with regular follow-ups. 3. Reach out to any High Net Worth Individuals you may know (athletes, doctors, attorneys, etc) - try to reach their financial advisor team so you can "pitch" them.
BONUS - encourage potential investors to become part of your network and create a profile in your database (our is accessible from our website, click here; then "investor login", or send us a PM to get connected) - this allows them to see your investments as soon as they go live and reduces the amount of follow-up it takes to successfully close your deal.

1. Attend local events where your target audience is likely to attend. Check local newspapers, business journals, economic development commission, chamber of commerce, etc. to find these events.

2. Attend REIA events where you might find one or more HNW partners to help you through the first deal or two, or more. Investors also attend these events.

3. Connect with others and post on social media channels such as LinkedIn, Facebook, Instagram, etc. Do this regularly.

4. To build your business, create a webpage and post educational articles, blog posts, etc. to help when investors are searching to invest in real estate.

5. Find Local Sports players or high net worth individuals with financial advisors, meet with these advisors and pitch to them your current syndications, you must know your numbers and what you plan on doing when meeting these advisors, or you'll quickly be dismissed if you can get 2 or 3 of these advisors on your team you will have struck a GOLD mine in that specific deal or syndication.

I run a very successful 5 point strategy:

1) Network the old fashioned way, meet real estate owners in your area by attending business networking events

2) Social Media: Put out good real estate content while mentioning you buy properties

3) Write letters: Make them targeted and include information about yourself and why they should sell to you

4) Brokers: Work closely with brokers so they bring you the good stuff before it hits the market

5) Property Management or other services:  Manage properties for others or offer owners other valuable services, when it is time to sell they will ask you to buy first.

I do vinyl plank in living room, hallway, kitchen, bathroom, and then carpet in the bedrooms.

You should hire a professional tub reglazing company, they use products you can't buy yourself at the store.  I use Surface Solutions in Canton, MI for instance.

Hi Matt, investor from Southeast, MI here, you can expect plumbing, electrical, and no heat calls for which you should have a good team of contractors to handle.  Everything else is pretty basic and you can do yourself in the beginning. 

A resident called me and asked me to come unlock her apartment, I asked her where her keys were, she said they were in the tree, she threw them out her window to her boyfriend but they got stuck in the tree 40 feet up!

The power of the land contract and the cash out refinance: In 2014 I was driving down Ecorse in Ypsilanti, MI and came upon a hand written for sale sign in front of 317 Ecorse a 14 office suite building, 9,659 SF built in 1971. The building appeared vacant and I called the number on the sign and spoke to he owner. He told me he was 80 years old and in a terrible predicament. He recently lost all of his tenants at once because the FBI raided them relating to medicare fraud and writing excessive prescriptions for oxi. He told me he urgently needed to sell the building. I offered him $185,000 on a land contract where I would put $20,000 down, and borrow $165,000 from him for 3 years at an interest rate of 5% and with payments of $1,088.93 per month. He agreed and I took possession of the building and got to work making the suites more desirable and closer to move in ready. We branded the complex The Ypsilanti Towne Center and rented to a janitorial company, a construction company, a church, a hair salon, a medical RNA/CNA training company. In the following months I invested about $50,000 into the property as we leased up spaces, basically assisting them with tenant move in improvements. After about 9 months we were 100% occupied and cash flowing really well. After 3 years, in 2017, we refinanced with a local bank to pay off the land contract and remained 100% occupied. This month as the prepayment penalty on the loan we took out in 2017 rolled off we decided to go for a big refinance. Today we just got the appraisal and I was very pleased to see the building we bought for $185,000 with $20,000 down in 2014 is worth $650,000 today!

Please note that I have partners in this deal that contributed to its success.