93. Deal deep-dive: Due Diligence Strategies For Successful Apartment Syndications with Caleb Johnson
Manage episode 361780597 series 2853794
ABOUT CALEB JOHNSON
Caleb is the Founder of Red Sea Capital and the host of From Trial to Triumph podcast. He has been an entrepreneur since the age of 18. He joined NK Development Group in 2021 and aided in capital and acquisition to grow the company to over 450 units in 2 years. His mission is to be a faith-based professional, committed to investors, and building relationships.
THIS TOPIC IN A NUTSHELL:
How Caleb got started in real estate and his “Why”
Getting into his first few deals at age 19
How Red Sea Capital Group started
The different asset classes and their target market
Overview of the 30-unit deal
Their criteria when looking for deals
Finding the deal and Underwriting
Raising capital and financing
Partnership and Asset management
Due diligence strategies
Capex Plans and Improvements
Disposition of the property
How to look at renovation costs for multiple markets
Goals of Red Sea Capital
Connect with Caleb
KEY QUOTE:
“It's important to have a delta when charging rent for classic units compared to make-ready ones. When we acquire the property, if we don't need to invest $7k into interior renovations and we can still get 1350 a month, hey that's great. I don't want to invest capital to get a return if I don't need to. You can market the classic units at a discount and be able to project that into your numbers.”
SUMMARY OF BUSINESS:
Red Sea Capital Group - Guiding busy professionals on how to diversify their portfolio to generate passive income and legacy wealth
ABOUT THE WESTSIDE INVESTORS NETWORK
The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.
The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.
#realestateinvesting #Syndication #ApartmentInvesting #Multifamily #DueDiligence #Strategies #Disposition #Capex #Renovation #Underwriting #AssetManagement #PropertyManagement #Demographics #RaisingCapital #OffMarketDeals #Partnerships #GeneralPartners #LimitedPartners #MultipleMarkets #Texas #RevenueIncrease #Delta #ClassicUnits #MakeReadyUnits #CosmeticFinishes #DealDeepDive #WealthCreation #newepisode #podcasting #RoadToFinancialFreedom #JointheWINpod #WestsideInvestorsNetwork
CONNECT WITH CALEB JOHNSON:
Email: caleb@redseacapitalgroup.com
Website: https://redseacapitalgroup.com
LinkedIn: https://www.linkedin.com/in/caleb-johnson-7b7300205
Instagram: https://www.instagram.com/redseacapitalgroup
Facebook: https://www.facebook.com/profile.php?id=100083689613341
Check out his Podcast: https://podcasts.apple.com/us/podcast/from-trial-to-triumph/id1640592078
CONNECT WITH US
For more information about investing with AJ and Chris:
· Uptown Syndication | https://www.uptownsyndication.com/
· LinkedIn | https://www.linkedin.com/company/71673294/admin/
For information on Portland Property Management:
· Uptown Properties | http://www.uptownpm.com
· Youtube | @UptownProperties
Westside Investors Network
· Website | https://www.westsideinvestorsnetwork.com/
· Twitter | https://twitter.com/WIN_pdx
· Instagram | @westsideinvestorsnetwork
· LinkedIn | https://www.linkedin.com/groups/13949165/
· Facebook | @WestsideInvestorsNetwork
· Youtube | @WestsideInvestorsNetwork
137 episodes