Jefferson Calloway, CEO of Cal Capital LLC and seasoned real estate investor, shares his fascinating journey from being a military helicopter pilot to building a diverse property portfolio. He discusses the importance of creativity in financing and the power of house hacking. Jefferson emphasizes that being likable and easy to work with is crucial in the industry. He also explores the benefits of multifamily investments and offers strategies for success in short-term rentals, illustrating how personal relationships can lead to lucrative opportunities.
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Accidental Beginning
Jefferson Calloway's real estate journey began accidentally when a fellow officer offered him a townhouse.
Renting a room to the seller covered the mortgage, sparking his interest in real estate investing.
volunteer_activism ADVICE
House Hacking for Velocity
House hack to minimize out-of-pocket expenses when building a portfolio.
Rent out rooms or units to reduce your living costs and accelerate property acquisition.
volunteer_activism ADVICE
Slow and Steady Portfolio Growth
Build your real estate portfolio slowly using conventional financing and little out-of-pocket money.
Don't be afraid to house hack, even if temporarily, to gain income and build equity.
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Andrew J.W. Smith's "Ramen to Riches" is a concise guide to building wealth from scratch. The book emphasizes practical strategies and actionable steps for beginners, focusing on budgeting, saving, and investing. It encourages readers to develop a strong financial foundation and build momentum towards their financial goals. The book's straightforward approach and relatable anecdotes make it accessible to a wide audience. It serves as a springboard for those seeking to improve their financial literacy and embark on a journey towards financial independence.
The E-myth revisited
why most small businesses don't work and what to do about it
Michael E. Gerber
The E-Myth Revisited challenges the common assumption that most businesses are started by entrepreneurs. Instead, Gerber argues that most businesses are started by technicians who understand the technical work but not the business itself. The book introduces the concept of the E-Myth and explains that successful business owners must balance three roles: the Entrepreneur (the visionary), the Manager (the planner and organizer), and the Technician (the one who performs the technical work). Gerber emphasizes the distinction between working 'in' your business and working 'on' your business, and he provides strategies for systemizing and scaling businesses, including the concept of the Franchise Prototype.
In this episode of the Short Term Show, Avery welcomes Jefferson Calloway. Jefferson shares his journey into real estate, starting from his time as a helicopter pilot in the military stationed in Alabama, where he purchased his first rental property. He discusses his transition back to the East Coast and his focus on home remodeling, highlighting the synergy between real estate and home improvement. Avery and Jefferson also discuss why being likeable and easy to work with are important qualities to have in real estate, and how househacking and creative financing can significantly contribute to the growth of your portfolio.
For more information on how to get into short term rentals, read Avery’s Book, Short-Term Rental, Long-Term Wealth: Your Guide to Analyzing, Buying, and Managing Vacation Properties
The Short Term Show 