When you think about long-distance investing, what comes to mind? People usually have reservations about investing out-of-state, but today’s guests took it a step further and invested from halfway across the world. Today’s guest, Caleb Drake, has closed on nine doors with one flip underway.

Caleb was active duty military for fourteen years, and once he joined special ops he was deployed for six months at a time. During those six months, his house would sit, unused, and that’s when he saw an opportunity. Caleb decided to rent out his house through Airbnb. As a new landlord and Airbnb host, Caleb had to learn by doing, a task that was increasingly more difficult since he was self-managing from Iraq, Afghanistan, and Africa. Caleb was able to combat this challenge by building a team that could handle what he couldn’t.

After a few years of investing solo, Caleb joined a partnership to expand his portfolio and increase his profit. His partner was also out of the country, so they switched off who was “on-call” and figured out how to automate their check-in and check-out processes. As the business grew, the partnership adjusted to ensure its longevity. Caleb now hopes to continue to scale his business, add to his personal portfolio, and build wealth in the background.

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Join the Real Estate Rookie Facebook Group:
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Register for BPCon 2022 in Sunny San Diego:
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Try Out the BiggerPockets Calculators:
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Your Step-by-Step Guide to Buying Out-of-State Investment Properties:
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Real Estate 101—How to Structure Partnerships as a New Investor:
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Use IGMS to Automate Your Short Term Rentals:
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Follow Caleb on Instagram:
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Get in Contact with Caleb Through Gmail:
caleb.p.drake@gmail.com
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Connect with Caleb on BiggerPockets:
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Connect with Ashley and Tony on BiggerPockets:
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Episode 181

Show notes at: [ Ссылка ]

00:00 Intro
05:17 Getting Into Real Estate During Deployment
08:16 Self-Managing From Africa, Afghanistan and Iraq
12:47 Finding His Partner & Automating His Airbnb Processes
21:17 Balancing & Structuring His Partnership
27:04 Getting into Long-Term Rentals
29:20 Financing His Properties
35:40 Lessons Learned Along the Way
41:07 Rookie Request Line
44:23 Rookie Exam
48:18 Building a Personal and Partnership Portfolio
50:20 Rookie Rockstar

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