Welcome to our webinar, "How to Go from $0 to $50M in Real Estate in 8 Years with Speaker Calvin Chin." In this session, we'll guide you through the essential strategies to build a multi-million-dollar real estate portfolio. Whether you're a beginner or have some experience, you'll gain valuable insights to help you achieve extraordinary success.
From Corporate Ladder to Real Estate @ 0:10
Calvin shares his journey from working at Oracle and aspiring to climb the corporate ladder, to realizing that path did not align with his values and desire for more time and freedom. He discovered real estate as a vehicle to achieve his goals of passive income and doing work he's passionate about.
House Hacking and Early Missteps @ 5:50
Calvin and his wife Jennie started their real estate journey by house hacking - buying a condo in the city and having Jennie rent out rooms in her home. They made some early mistakes, like underestimating capital expenses, but learned valuable lessons along the way.
Expanding to Out-of-State Investing @ 6:32
Faced with the high costs in California, Calvin and Jennie looked to invest out-of-state, starting with single-family properties in Texas and Alabama. This allowed them to generate cash flow and build equity, though they still struggled with the self-management aspect.
Transitioning to Multifamily @ 7:06
As Calvin and Jennie continued to scale, they realized the limitations of the single-family model and made the transition to multifamily properties. This allowed them to leverage their equity, increase cash flow, and accelerate their growth.
Leveraging Appreciation and Depreciation @ 7:18
Calvin and Jennie utilized strategies like the BRRRR method and cost segregation to recycle their capital and maximize the tax benefits of real estate, enabling them to rapidly expand their portfolio.
Quitting the Corporate Job @ 21:11
After building a substantial multifamily portfolio, Calvin was able to leave his corporate job, overcoming the mental block and identity shift that came with that decision. His wife Jennie played a key role in helping him make that transition.
Navigating Market Changes @ 50:38
As interest rates rose, Calvin and Jennie adapted their strategies, getting creative with financing and focusing on distressed properties to find opportunities in the shifting market conditions.
Scaling to Larger Deals @ 55:21
Calvin and Jennie began partnering on larger commercial multifamily deals, leveraging their network and expertise to access bigger opportunities. They emphasize the importance of building the right team to support this growth.
Advice and Next Steps @ 1:04:23
Calvin provides final advice, encouraging the audience to take action and make changes, even if small, to improve their financial and personal lives. He invites attendees to connect with Zen Coast Team for more information on potential partnership opportunities.
