Caleb Hommel and Chuck Sotelo managed to get into the real estate business without significant equity.
In an interview with Business Insider, they first dealt thoroughly with different markets and their advantages and disadvantages.
In order to acquire the first suitable property, they therefore relied on financing from the seller and looked for investors.
Caleb Hommel and Chuck Sotelo met on the first day of high school when they signed up for a pottery class called 3D Design. “Chucky thought it was a computer class,” recalls Hommel, who signed up at the last minute when he was told he had to choose a class. “We sat next to each other and the rest is history.” A few years they should build up a real estate business together and without equity.
The friends graduated in 2021 and went to various junior colleges in San Diego, where Hommel grew up and Sotelo has lived since seventh grade. Because of the Corona lockdowns, all of their courses were held online, so they both lived at home, five houses apart.
