Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

barely legal to drink and 79 rentals #multifamilypodcast #motivation #realestateinvestment

7 May 2024 · 0 min

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In this interview segment, 21‑year‑old Caleb Hommel discusses how he amassed 79 rental units by the age of 21. He recounts that his real‑estate interest began during the COVID‑19 shutdown while he was a junior in high school in San Diego. At 16 he read Rich Dad Poor Dad, which sparked his ambition to invest. Initially, his plan was to finish high school, attend college, secure a high‑W2 job, and later purchase duplexes. However, the pandemic’s downtime accelerated his path: he completed high school, briefly played college baseball, then dropped out to focus on real‑estate investing, rapidly scaling to dozens of units.

I am currently barely legal to drink, being 21 years old.
All right. 21 years old, 79 units. Caleb Hommel, where did you start before you had the real estate? I imagine pretty much it went like high school real estate, so there's not a whole lot of in between there. But what was your starting point when you invested in real estate? What got you started?
Yeah, gosh, what got me started with real estate? During the whole COVID fiasco, I was a junior in high school. I know most real estate investors don't get to say that right now. So, I was a junior in high school, born and raised in in San Diego, California. And if anything, anybody knows anything about California and anything, we got completely shut down during COVID So, didn't have much to do. Picked up some little book called Rich Dad Poor Dad at 16 years old, started reading through that. And then after that, the plan was, hey, I'll finish college, I'll finish high school, go to college, get a high W-2, maybe buy some duplexes in a few years. Turns out, went a lot faster than that. Ended up finishing high school, playing a little bit of college baseball, actually dropped out of college baseball.