RETRO EPISODE: What's Behind 500 Doors With Caleb Walsh
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Show Notes
With less than $10,000 in the bank – credit card debt up to his eyeballs, credit scores in the toilet, and his wife pregnant with their first child, Caleb Walsh thought this was the perfect time to buy an $800,000 multi-unit property! This could have been another 99 Homes story (where huge numbers of people got underwater on their mortgage) but Caleb turned it into a story of going from zero to 500 doors.
On this episode of the Uncommon Wealth Podcast, hosts Phillip and Bryan talk with Caleb Walsh.
Caleb Walsh is a leading authority in affordable housing with portfolios spanning over 1,500 units in six states. He resides in Tampa, Florida with his wife Denise and their two children, Lincoln and Noelle. He's an economy of scale advocate, and his story involves jumping from five units to 500 units in a short amount of time.
Listen in and get ready for a spirited conversation. You’ll hear about Caleb’s mistakes and triumphs – and how he persisted until he reached his goals.
What you’ll learn about in this episode:
- How to leverage credit instead of letting debt leverage you
- The value of going all in – making your side hustle the main thing
- Lessons learned from trying to flip homes at the epicenter of a downturn
- How to hold on to a crazy, grandiose idea
- Why establishing passive income can take “sleep is optional” amounts of energy. No such thing as easy money.
- How to capitalize on an investment that brings in a solid return.
- Building economies of scale for even bigger returns
- Going public with goals in order to build in accountability around those goals.
- Creating public momentum increases opportunity through others buying into your vision