Episode #283

Over $1 million in real estate with $0 down—at 19 years old!? After reading the book “Rich Dad Poor Dad” and catching the real estate “bug,” today’s guests went from broke college dropouts to real estate investors with three multifamily properties to their names in a matter of months.

In this edition of the "Real Estate Rookie" podcast, we’re speaking with real estate duo Caleb Hommel and Chuck Sotelo. After his parents dealt him a six-month ultimatum to figure out real estate and move out, Caleb knew he needed to land a deal fast. The issue? These two friends had very little money, and at just 19 years of age, no credit history. Facing a seemingly impossible challenge, the pair went to work—calling roughly 1,000 different real estate brokers in pursuit of their big break. Finally, the right opportunity came knocking.

Today, Caleb and Chuck own properties in three different Texas markets for 28 total units. If you have yet to land your first real estate deal, whether it’s because you don’t have money to invest or you haven’t found the right market, you don’t want to miss today’s episode. Tune in as we talk about how to buy real estate with no money down, how to build your buy box, and how to find the best property management companies to take care of your out-of-state assets!

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Join the Real Estate Rookie Facebook Group:
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Find an Investor-Friendly Agent in Your Area:
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Grab Your Copy of “Rich Dad Poor Dad” by Robert Kiyosaki: https://store.biggerpockets.com/produ...
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Making $90K/Year with Just ONE Rental by Combining Compassion and Cash Flow: https://www.biggerpockets.com/blog/ro...
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81 Units in 3 Years: All On-Market with NO Bank Loans w/Cody Davis: https://www.biggerpockets.com/blog/bi...
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How to Buy a Rental Property with NO Money OR Credit:
https://www.biggerpockets.com/blog/ro...
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Connect with Caleb and Chuck:
Caleb’s BiggerPockets: https://www.biggerpockets.com/users/c...
Caleb’s Instagram: @caleb.hommel or   / caleb.hommel  
Chuck’s Instagram: @chucky_sotelo or   / chucky_sotelo  
YouTube: @calebandchuck6603 or    / @calebandchuck6603  
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Connect with Ashley and Tony on BiggerPockets:
Ashley: https://www.biggerpockets.com/users/e...
Tony: https://www.biggerpockets.com/users/t...

Show notes at: https://www.biggerpockets.com/blog/ro...

00:00 Intro
03:42 Catching the Real Estate “Bug”
07:28 Landing the FIRST Deal
17:48 Vetting and Overseeing Property Managers
24:33 The Houston 10-Plex
32:24 Rookie Exam
34:10 Rookie Rockstar
34:42 Connect with Caleb and Chuck!