Accelerated Real Estate Investor 251: Five Strategies to Find Off-Market Deals with Stewart Beal
Stewart Beal has been an entrepreneur since he was 13 years old. When he was 19, he already had a 6-figure exit from a landscaping business. At which point, Stewart founded Beal Properties, LLC and has since founded 20 other companies in the real estate and construction industry.
Stewart isn't just a serial entrepreneur–he's a very relatable guy who happens to manage 500 units of residential, multifamily, and commercial real estate. Across seven large syndications, he's raised over $135 million and is a 20% owner in over 6,000 units in the Greater Ann Arbor area of Michigan.
He's a founding member of Watermark Partners, which manages a set of real estate funds that have deployed more than $100 million in equity. And now, Beal Capital has just launched its second fund to raise $10 million and purchase $35 million in real estate.
In our conversation today, you'll get an in-depth breakdown of his fund structure, discover his strategies for acquiring deals, you'll learn why hiring real property managers is so important, and much more. You’re going to love this interview.
Key Takeaways with Stewart Beal
- Why Stewart focuses on off-market deals on class B and class C real estate in tertiary markets.
- How Stewart uses his new company, Beal Capital, to raise funds and create opportunities for outside investors.
- The five strategies Stewart uses to get his foot in the door with off-market deals.
- The lessons he learned during Michigan’s seven-year foreclosure crisis.
- How cash flowing assets like real estate can help you stay above water during market downturns, and why flipping properties and building new construction can be problematic.
- Why Stewart recommends investing in multifamily real estate units that are at least 5 units in a hot market.
- How to block out the negatives and use your platform as a property owner to give back to your communities.
Want the Full Show Notes?
To get access to the full show notes, including audio, transcripts, and links to all the resources mentioned, visit https://acceleratedinvestorpodcast.com/251
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