Real Estate Rookie

Snowballing to 7 Properties in 6 Years with This Rinse-and-Repeat Formula

14 snips
Nov 18, 2024
Jefferson Calloway, a real estate investor, skyrocketed his portfolio to seven properties in just six years using a simple, repeatable strategy. He shares how his journey began with a unique rental situation that taught him the power of mentorship and owner-occupied investing. Jefferson also emphasizes critical tips for finding investment properties, managing risks, and building an effective team. He reveals how to mix active income with near-passive real estate investments, all while maintaining a focus on wealth-building and smart financial strategies.
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ANECDOTE

Accidental Start

  • Jefferson Calloway accidentally started investing when a fellow Army officer sold him a townhouse and became his tenant.
  • This accidental mentorship led to his first experience in remote property management and sparked his real estate journey.
ADVICE

Owner-Occupied Advantage

  • Leverage owner-occupied loans for lower interest rates and down payments.
  • Consider renting out portions of your primary residence (house hacking) to offset costs.
ANECDOTE

Duplex House Hack

  • Calloway's second deal was a duplex, which he initially rented.
  • He then house hacked it by renting out the other unit and a bedroom within his own unit.
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