MB386: How a ‘Numbers Guy’ Learned to Raise Money for Deals – With Chad Schieler

Chad Schieler saw himself as the numbers guy, so he let partners handle the task of raising money for his first big real estate syndication. But his team was short. At closing, they had $1M of a $1.4M raise, and Chad had to take out a bridge loan to cover the rest. That experience inspired Chad to overcome his limiting beliefs around raising money and take his syndication business to the next level. Today, he is Founder and Principal at Focused Capital, a multifamily firm that helps busy professionals generate passive income and create wealth through real estate investing. After 17 years running a successful credit card processing service business, Chad became a full-time real estate investor. He is a GP on 139 units and LP on 900-plus! On this episode of Financial Freedom with Real Estate Investing, Chad explains what he struggled with early in his real estate career, describing his fears of asking for money and the flaw in his underwriting formula. Chad discusses how investing in a mentor gave him the confidence to take on bigger multifamily deals and shares his approach to building a team as he scales. Listen in for Chad’s advice on fast-tracking your path to financial freedom and learn how to overcome your limiting beliefs around raising capital and start sharing the opportunity to invest in real estate! For full episode show notes visit: https://themichaelblank.com/podcasts/session386/