93. Deal deep-dive: Due Diligence Strategies For Successful Apartment Syndications with Caleb Johnson

Westside Investors Network

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: [e-mail]

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