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David Schumacher

David Schumacher - About

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David T. Schumacher, Ph.D., CCIM author of BUY & HOLD: 7 STEPS TO A REAL ESTATE FORTUNE (Schumacher Enterprises with The Floating Gallery, New York, September 2000)

Author of Buy & Hold Real Estate Strategy: How To Secure Profits in Any Real Estate Market (John Wiley & Sons, New York, May 1992, March 1993 & March 1994 with Dr. Erik Page Bucy)

Dr. Schumacher is a seasoned investor, real estate appraiser, former college instructor and multi-millionaire property owner with over 50 years experience in real estate. One of the largest property owners in Hermosa Beach, California, Dr. Schumacher turned to land after losing all his money in the commodities market in the late 1950s. His monumental success in real estate enabled him to donate $1 million to the City of Hermosa Beach in December 1999 for the re-construction of the entrance to the Hermosa Beach Pier.

Dr. Schumacher made his first real estate investment, a four-unit apartment building in Hollywood, in 1956 while working for the international appraisal firm Marshall and Stevens in Los Angeles. From that initial investment, Dr. Schumacher has pyramided his single holding into a $15 million estate that included five ocean front apartment buildings on prime Southern California real estate, 11 single-family residences in the neighboring South Bay area of Los Angeles and 30 condominiums in Orange County, California.

At Marshall and Stevens where he worked from 1945 to 1965, Dr. Schumacher held the positions of appraiser, district manager, and vice president in charge of training and research. The originator of college course curricula and instructor guides on appraising and real estate investment building. Dr. Schumacher has conducted numerous investment seminars and taught advanced real estate appraisal courses for the California Department of Real Estate, Los Angeles City College and UCLA Extension.
Dr. Schumacher, an extensive lecturer, has spoken before many real estate conventions, realty and numerous real estate chapter designations. He has personally appraised over 3,000 properties, specializing in complicated real estate matters, including condemnation cases and litigation testimony. His appraisal experience has included several hotels and casinos in Las Vegas, Nevada from 1955 to 1965, Catalina Island and Los Angeles International Airport expansion project in 1975. Dr. Schumacher lives in Hermosa Beach, California with his wife, Margaret.

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