Are you seeking inspiration to take your real estate investing to the next level?
In this episode, we speak with Caleb Johnson, a multi-family syndicator who went from zero to five offerings closed in just 12 months despite being only 25 years old. Caleb shares how he started real estate investing and achieved such quick success. He emphasizes the importance of being conservative in due diligence and having a solid team, including property managers, to ensure success.
Please tune in and explore valuable insights into what it takes to succeed in real estate investing!
[00:01 - 06:28] Opening Segment
• Caleb's journey as a multi-family syndicator
• He found a mentor through a chance encounter and read Robert Kiyosaki's books
[06:29 - 12:54] Real Estate Investor Shares Strategies for Sourcing Deals in the 2023 Market
• How Calen has grown his portfolio to focus on 50+ unit apartment buildings in landlord-friendly states
• Sourcing deals involves building relationships with brokers and property managers
• Underwriting is currently challenging due to high-interest rates and sellers' reluctance to lower prices
[12:55 - 21:59] Closing Segment
• Seller's expectations are out of line with the market, making it hard to buy
• Investors should be conservative in due diligence and watch for red flags in the operator's projections
• Having a good team behind you is crucial for success in real estate investing
Connect with Caleb:
Website: Red Sea Capital Group
LinkedIn: Caleb Johnson
Instagram: Red Sea Capital Group
Key Quotes:
"Having a team is huge and crucial. So make sure that you have a good relationship and feel comfortable with them." - Caleb Johnson
WANT TO LEARN MORE?
Connect with me through LinkedIn.
Or send me an email at sujata@luxe-cap.com
Visit my website, www.luxe-cap.com,or my YouTube channel.
Thanks for tuning in!
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