John Casmon

Refinancing Apartments After Only 3 Months with Caleb Bryant, Episode 107

Buy, renovate, rent, refinance, repeat. The popular strategy known as BRRRR has been elevated and expedited by Caleb Bryant. He managed to implement the strategy on a large apartment complex and refinanced in just 3 months. Caleb and his Relentless Capital team have invested in 800+ units collectively.

Learn more about his strategy and how he went from a touring musician to touring apartment communities with his partners.

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Key Market Insights

Lives in Huntsville, AL and invests in Birmingham, AL
His team has invested in over 800 doors and Caleb has invested in 170 doors
Was touring as a bassist in a band through the Southeast Region
Invested passively first after networking with a sponsor
Was doing random jobs as he looked to break into real estate
Learned real estate through podcasts and Audible while working other jobs
Felt passive investing in a syndication was a relatively safe option
Quit his job and got on the active side
Met someone in Orange County and got a coach through RE Mentor
Found current team through persistence ……and Craigslist
Invested in a deal in the 5 Points West area of Birmingham
5 Points West: Lots of good things happening, infrastructure, private investment
$20MM sports complex moving two blocks away from the property
Closed a 96 unit in January and began refinancing after 3 months
Buy a property for 65% of what it will be worth
Paid over $29k per door, but it was worth $40k at closing, and will be worth $50k per door when refinancing
Larger companies – hedge fund, private companies – willing to let it go at a discount
$2.5MM in private debt – as low as 12% interest