Caleb Johnson’s mother had just had surgery and was living off savings while she recovered.
But after three months, she wasn’t healed and had to make an impossible decision: Return to work in excruciating pain or prolong retirement by several years.
Inspired to help his mother financially and achieve financial freedom himself, Caleb started investing in real estate at the age of 18.
Today, he is the 25-year-old Founder of Red Sea Capital Group, and Caleb has a $9 million real estate portfolio of 117 units.
On this episode of Financial Freedom with Real Estate Investing, Caleb joins us to explain how he started his real estate journey with a house hack and then partnered to invest in bigger multifamily deals.
Caleb discusses why it was harder to raise money than he thought and challenges newbie investors to have an experienced partner verify our underwriting early on.
Listen in for Caleb’s insight on persevering through roadblocks and learn where to find partners with the capital and knowhow to help you get a deal done—regardless of your age!
Key Takeaways
How Caleb’s mom inspired his interest in real estate
- She had to return to work in pain after surgery
- Wanted to help her and avoid same fate
How Caleb started his real estate journey
- Learned from free resources like BiggerPockets
- House hack C- fourplex in Phoenix
The next steps in Caleb’s investing journey
- Sold fourplex, 1031 exchange into retail facility
- Raised money to buy 16-unit in OKC
Caleb’s advice for young investors on raising money
- Can’t rely on few investors to fund everything
- Don’t quit when you hit roadblocks
Caleb’s insight on the value of networking
- Partner with experienced investor on deals
- Helps see vision, understand what’s possible
What challenges Caleb faced in buying bigger deals
- Harder to raise money than he thought
- Have partner verify underwriting early on
What’s next for Caleb’s real estate journey
- Owns 117 units across 6 assets in 3 states
- Expand into Southeast US (population growth)
How Caleb is preparing for the upcoming market cycle
- Build relationships with brokers
- Get investors, partners lined up for next deal
Related Articles
How to Maximize Networking at a Real Estate Conference
Marketing and Branding for Multifamily Syndication
Connect with Caleb Johnson
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Email [email protected]
Resources
Explore Michael’s Mentoring Program
Join the Nighthawk Equity Investor Club
Learn More About Deal Maker Live
Buy Michael’s Syndicated Deal Analyzer
Be Part of Michaels Deal Maker Mastermind
Access Michael’s Free Resources in the Freedom Vault
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Financial Freedom with Real Estate Investing by Michael Blank
Jordan Harbinger on Financial Freedom with Real Estate Investing EP288
