My name is David Schmid and I am from Tolland CT. Tolland is about 20 miles northeast of Hartford and situated in the right next to the city home of the great UCONN Huskies Men's & Women's team.
My journey to becoming a real estate investor has been an interesting one & one that I believe will add some value to others here at Bigger Pockets. I serve as the Chief Investment officer of Propark, a national parking management company based out of Hartford. My role in the organization focuses on equipment leasing, insurance, banking relationships and purchasing & optimizing parking properties (by the way if you have one to sell, I would love to take a look at it). I have transacted over $120MM of real estate to date with the large majority of it in the parking segment.
About 10 years ago I started buying real estate personally. My focus has been on cash flowing real estate and have purchased an indoor storage facility, a horse farm, a two tenant retail building, a mobile home park and other commercial and residential properties. I will confess that my primary hobby, my way to let off steam, is to find and do profitable deals in real estate.
That said, I have been working with a sweat equity model. My sweet spot has been to source a great deal and then find a sweat equity partner as well as an investor. In addition to sourcing the deal, I also negotiate it, help place debt on it with an institution, private investor or hard money lender and then asset manage it after the deal closes. The model has gone through several iterations and I have learned lessons from mistakes and successes realized. It been a fun journey.
I started listening to Bigger Pocket podcasts about 3 months ago and found them to be incredibly interesting and informative. In fact, I took action after hearing the land investing podcast and just finished a great deal. I bought 11 acres of landlocked land at a tax sale for $713 and flipped it within minutes for $1,500. That would not have happened if I did not listen to the Bigger Pockets Podcasts.
My goal as a member of this community is multi-fold. First, it is my desire to give back to new investors as I can based on my experiences, both positive and not-so-positive. Next I hope to create a new network of real estate / investment professionals. Finally, I am looking to raise new funds to continue to create value and great returns for people who invest alongside of me.
I'm excited to be part of the community and look forward to getting to know you.
Welcome to BP. There are lots of experienced people on this forum and most times, they are usualy ready to help.
first off, you need to upload a profile pic. If you are looking for partnership here, most people will at least need to place a face to the person....
my one cent!
Welcome @David Schmid !
Welcome to BP @David Schmid
Always great seeing other CT investors on the forums.
thank you all
Welcome to Bigger Pockets community. Be sure to check out “Learn” for all kinds of useful resources and free how to guides.
Welcome to Biggerpockets. Great to have you here.
Michael Sato, BiggerPockets | http://www.biggerpockets.com
Mark - thank you for the great tips, much appreciated.
Welcome @David Schmid ! Great to see more CT investors becoming active on here!
Welcome to the Best Real Estate Site on the Net.
It is always nice to see another Ct., resident in the forums.
Click on the "learn tab" at the top of the page, and you could be spending many hours on the Information that is available.
Raymond - thank you for the quick tip!
Best - Dave
Be sure sure to check out the monthly hartford meetup - message me if you want to be added to the list. Good luck!
welcome to BP!! I see you have already gone through the podcasts. I find them great, too! There is just so much to know.
Terrell and Joshua - thank you for the kind and helpful wirds
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