Episode #298: Unleashing the Power of Real Estate with Caleb Johnson
06/12/23 • 29 min
Age is not a limiting factor when it comes to pursuing a career in real estate investing. Many young individuals have achieved remarkable success in the field by leveraging their unique advantages and taking advantage of available opportunities. In today’s episode, we speak to one of those individuals, Caleb Johnson, about his real estate investment journey and how he has achieved incredible success at a young age. Caleb is an emerging investment luminary at Red Sea Capital. Remarkably, even before reaching the age of 25, he has amassed a staggering portfolio, valued at over 9 million dollars. Within this expansive collection lie multifamily and retail assets, each contributing to his remarkable success story. With an unwavering dedication to his faith and craft, he aims to forge a path as a faith-infused professional, fostering deep connections with investors and nurturing lasting relationships. It is through this guiding principle that he established Red Sea Capital in 2022, a dynamic and forward-thinking investment firm that operates with a vision for success and growth. In our conversation, Caleb shares his background and the inspiration behind his entrepreneurial journey. We delve into the topic of fear and how it serves as a motivation for him, how he initially got started in real estate and multi-level marketing, and his perspective on the current state of the real estate market. Drawing from his own entrepreneurial experience, Caleb shares valuable insights and lessons learned along the way. Tune in and find out the secret to real estate success with Caleb Johnson!
Key Points From This Episode:
- Caleb’s background and what inspired his entrepreneurial journey.
- We discuss how fear keeps Caleb motivated.
- How he initially started in residential real estate: house hacking.
- Building up capital for investment as a young entrepreneur.
- He explains the ins and outs of multi-level marketing.
- What it takes to be successful at multi-level marketing.
- Caleb shares the lessons from his entrepreneurial experience.
- An overview of his approach to real estate investing.
- Insights about the Albuquerque real estate market.
- Why Caleb also chooses to invest in retail.
- Hear his perspective on the state of the real estate market.
- Details about his podcast and accountability coaching program.
- Caleb’s personal and career goals for the near future.
Links Mentioned in Today’s Episode:
Red Sea Capital: Accountability Coaching
Passive Income Through Multifamily Real Estate Facebook Group
Age is not a limiting factor when it comes to pursuing a career in real estate investing. Many young individuals have achieved remarkable success in the field by leveraging their unique advantages and taking advantage of available opportunities. In today’s episode, we speak to one of those individuals, Caleb Johnson, about his real estate investment journey and how he has achieved incredible success at a young age. Caleb is an emerging investment luminary at Red Sea Capital. Remarkably, even before reaching the age of 25, he has amassed a staggering portfolio, valued at over 9 million dollars. Within this expansive collection lie multifamily and retail assets, each contributing to his remarkable success story. With an unwavering dedication to his faith and craft, he aims to forge a path as a faith-infused professional, fostering deep connections with investors and nurturing lasting relationships. It is through this guiding principle that he established Red Sea Capital in 2022, a dynamic and forward-thinking investment firm that operates with a vision for success and growth. In our conversation, Caleb shares his background and the inspiration behind his entrepreneurial journey. We delve into the topic of fear and how it serves as a motivation for him, how he initially got started in real estate and multi-level marketing, and his perspective on the current state of the real estate market. Drawing from his own entrepreneurial experience, Caleb shares valuable insights and lessons learned along the way. Tune in and find out the secret to real estate success with Caleb Johnson!
Key Points From This Episode:
- Caleb’s background and what inspired his entrepreneurial journey.
- We discuss how fear keeps Caleb motivated.
- How he initially started in residential real estate: house hacking.
- Building up capital for investment as a young entrepreneur.
- He explains the ins and outs of multi-level marketing.
- What it takes to be successful at multi-level marketing.
- Caleb shares the lessons from his entrepreneurial experience.
- An overview of his approach to real estate investing.
- Insights about the Albuquerque real estate market.
- Why Caleb also chooses to invest in retail.
- Hear his perspective on the state of the real estate market.
- Details about his podcast and accountability coaching program.
- Caleb’s personal and career goals for the near future.
Links Mentioned in Today’s Episode:
Red Sea Capital: Accountability Coaching
Passive Income Through Multifamily Real Estate Facebook Group
Previous Episode
Episode #297: An Introduction to Infinite Banking with Anthony Faso and Cameron Christiansen
Today's guests, Anthony Faso and Cameron Christiansen, are dedicated to assisting individuals in achieving financial freedom through passive income. They do this through the concept of Infinite Wealth where they use whole life insurance policies to overfund and create cash value in a way that is heavily influenced by Robert Kiyosaki’s Rich Dad Poor Dad. In this episode, they delve into the concept of Infinite Banking, explaining how whole life insurance policies can be leveraged to overfund and create cash value. Additionally, they provide insights into the workings of conventional banks, outline the advantages of utilizing whole life insurance policies, and explain the impact of compound interest and simple interest on this strategy. The episode covers the process of obtaining funding through a policy like this, including qualification for individuals who earn a commission or lack a W2 job. Regardless of whether you are a younger person trying to carve out a monthly contribution for Infinite Banking, an older person who may feel that time is limited for engaging in this strategy, or someone somewhere in between, this episode is filled with insightful information and helpful advice to help you achieve financial freedom.
Key Points From This Episode:
- An introduction to our guests and how they came to establish Infinite Wealth Consultants.
- The concept of Infinite Banking and how you can use whole life insurance policies to overfund and create cash value.
- Insight into how conventional banks work.
- What Infinite Banking is and how it works.
- The advantages of using whole life insurance policies.
- How compound interest and simple interest affect this.
- An explanation of how to get funded with a policy like this.
- How someone who earns a commission or doesn’t have a W2 job can qualify for something like this.
- Insight into how much you can borrow against your policy.
- What somebody should think about before taking money out of their whole life policy.
- Why our hosts believe we should be teaching this to our kids.
- What Anthony is doing to set his grandson up with a passive income.
- Encouragement for a younger person trying to carve out a monthly contribution for Infinite Banking.
- Advice for an older person who might not think there’s enough time to do Infinite Banking.
- How to get free access to the Infinite Wealth Consultants free online course.
Links Mentioned in Today’s Episode:
Infinite Wealth Consultants on Facebook
Infinite Wealth Consultants on Instagram
Passive Income Through Multifamily Real Estate Facebook Group
Next Episode
Episode #299: How to Use Property Managers Correctly with Anthony DeAugustine & Bob Myers
Property managers are key players in getting the best deals for their investor clients. But it’s not only about the sale; there many are other ways that property managers help their sponsors maximize their earning potential on any given property. So, joining us today with some important advice on how to use property managers correctly is the Owner of Avant Garde, Anthony DeAugustine, and his Vice President, Bob Myers. After gaining a sense of the properties that our guests manage, we learn about investor behaviors surrounding value adds, whether mid-century rentals will reach a point where big renovations are justified, and why the Phoenix housing market is not on its deathbed as portrayed by mainstream media and analysts. Then, we get into the meat of our conversation as Anthony and Bob explain how they help their clients with preliminary evaluations, why construction and renovation costs matter, what ‘loss to lease’ and ‘contract service’ means, and why you should always have a replacement reserve fund. We end our discussion by taking a deeper look at value adds for mid-century, 50-unit properties, and our guests share some incredible advice for how first-timers and investors who want to scale up should approach Avant Garde and other property managers.
Key Points From This Episode:
- A warm welcome to the team from Avant Garde, Anthony DeAugustine and Bob Myers.
- The properties that Avant Garde manages and how the market has changed since last year.
- Why investors are wary of taking on the value add risk with their exchange money.
- The vintage range of the properties that Avant Garde is currently managing.
- When (and if) rent for mid-century units will recover enough to accommodate big renovations.
- Why the Phoenix housing market is not doomed as the media paints it out to be.
- How Anthony and Bob help investor clients with their preliminary evaluations of properties.
- The importance of understanding the full scope of construction and renovation costs.
- Our guests define and then give examples of ‘loss to lease.’
- Listing everything that qualifies as a contract service, and how to right-size your expenses.
- Why you should always have a replacement reserve and where you should put the funds.
- Advice for how to work with companies like Avant Garde when scaling up your investments.
- What the perfect amount of value adds look like for a 50-unit, mid-century property.
Links Mentioned in Today’s Episode:
Anthony DeAugustine on LinkedIn
Anthony DeAugustine Phone Number: 602-741-8054
Bob Myers Phone Number: 602-501-8271
Passive Income Through Multifamily Real Estate Facebook Group
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