Caleb Hancock

Buying Multifamily Assets in Central Texas | Check Out Our Newsletter "The Asset Advantage" Below! Newsletter:

[Caleb Hancock @CalebMHancock]

Howdy all,

Want to give an intro as I start utilizing this platform more.

A year and a half ago started a real estate investment group with my college roommate. During conception we've had our first acquisition, which is currently outperforming projections.

Industrial Engineer by trade but turned into a deal junkie focusing on multi-family.

We target 20-75 unit 1980-2000’s vintage value add apartments in Central Texas and Indiana. Would love to pay a fee/give equity to anyone that brings a deal to us.

Been hooked in real estate since a young lad and look forward to building our firm to give investors a reliable outlet for alternative investment opportunities.

Cheers!

[Caleb Hancock @CalebMHancock]

@theficouple Risk adjusted

[Caleb Hancock @CalebMHancock]

@LukeAWalters Blow it up

[Luke Walters @LukeAWalters]

Had our logo updated over the weekend. What do y'all think?

[Chris Hoffmann @STLChrisH]

Two universal private equity truths I’ve learned from my DMs:

1. 90% of PE Vice Presidents dream of quitting to raise their own fund. Frustrated with their carry participation (or lack of).

2. 90% of PE associates are actively searching for an SMB to buy so they can quit PE.

[Caleb Hancock @CalebMHancock]

Trust but verify

Some people have the wildest projections/estimates

[Caleb Hancock @CalebMHancock]

@dig_deeper1 I Feel this

[Caleb Hancock @CalebMHancock]

Always crazy how mindsets can change depending on the rooms/people you surround yourself with. One moment Ill be proud of where I’m at and others I realize how little I’ve done. Both perspectives are great, and I look forward to scaling!

[Caleb Hancock @CalebMHancock]

@chasedownleads Truly finding opportunity in any situation

[Caleb Hancock @CalebMHancock]

@shawngorham Haha bad day on the twitter machine

[Caleb Hancock @CalebMHancock]

@credealjunkie “No way they will take that, they’d be losing money”

Numbers are numbers, I didn’t put them in that situation, they did.

[Caleb Hancock @CalebMHancock]

@fortworthchris Have to fix the root of the problem

[Caleb Hancock @CalebMHancock]

@dirtdog Give them a computer to play on at the office, that kept me busy as a lad following my dad around!

Especially Armor Games Warfare 1944

[Caleb Hancock @CalebMHancock]

@NickMaccini Congrats man!

[Caleb Hancock @CalebMHancock]

@HowardRoark90 I agree, but cold calling definitely still works. Partner Just got a signed contract on another deal doing less than 1000 calls.

[Caleb Hancock @CalebMHancock]

KPI’s are important to track so you know what your goals should be. For us to close our first deal direct to seller we made 2,319 cold calls. Now we know how many calls we need to make for the next one. Assuming this number will go down as we progress.

[Caleb Hancock @CalebMHancock]

@HowardRoark90 For multi family or single family wholesale?

[Caleb Hancock @CalebMHancock]

@HowardRoark90 Better on the phones, more targeted/consistent mailers, etc

[Caleb Hancock @CalebMHancock]

I have an owner/lead with a $15M+ portfolio, in January of last year he told me he was interested in selling it all. We met multiple times and I gave him a fair offer on his portfolio. He ghosted me, I’ve called/texted/emailed him 1-2 a month since and no response. Until yesterday, he finally responded and said he will give me a call when he gets back to the US. Are we on to something?

[Caleb Hancock @CalebMHancock]

@AnthonyGirand @MrFamilyOffice Get invited for lunch, play a round, etc and talk to everyone you can. Met some big players this way.

[Caleb Hancock @CalebMHancock]

@credealjunkie Also what Differentiates between alright, good, and great for yall?

[Caleb Hancock @CalebMHancock]

@credealjunkie What are your minimum metrics?