Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

How He Financed a 25 Unit Apartment at 20 Years Old

23 Sept 2023 · 1 min

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0:37

Twenty-year-old Caleb Hommel bought a 25-unit apartment complex in Stephenville, Texas for $2 million using seller financing. He raised the capital from investors he met while playing a game for over a year.

Chapters

Caleb Hommel, how old are you? Right now I'm 20 years old. Okay, what do you do for a living? Buy real estate. Okay, did you buy this right here? Not quite. We're at Chip and Joe's Silos. Magnolia Silos in Waco. Super cool. What did you buy? Last week I bought a 25-unit apartment complex in Stephenville, Texas. How'd you finance that? Seller finance. Is there any other way you should do it? I don't think so. Last question for you. Where'd all the money come from? You bought 25 units. It's a $2 million purchase. I've looked at it myself. Is that friends and family money? I sure wish it was. That was investor money I made through connections from playing game for over a year when I got started with you guys. So I'm talking about 20 years old, Caleb Hommel. Let's go!