14-Unit Studios On Van Buren in Phoenix, AZ With Caleb Johnson, Apartment Syndication Expert

14-Unit Studios On Van Buren in Phoenix, AZ With Caleb Johnson, Apartment Syndication Expert

January 26, 2026 · 24 min

About this episode

Whitney Elkins-Hutten interviews Caleb Johnson about the challenges of acquiring a 14-unit studio property in Phoenix, AZ.

Whitney Elkins-Hutten of PassiveInvesting.com interviews Caleb Johnson of Red Sea Capital Group to dive deep into a 14-unit studio in Van Buren, a redevelopment in the heart of Phoenix, Arizona and unpack the real-world challenges behind acquiring a bank-owned, 1940s-era property—from navigating hard money lending and skyrocketing rehab costs to pivoting business plans when co-living no longer penciled. Caleb shares candid insights on due diligence for vacant assets, negotiating purchase price, raising capital in a cautious market, and why experience and the right team matter more than chasing big returns. If you want a transparent, deal-level breakdown of how seasoned investors create value in today’s multifamily market—this episode delivers lessons you won’t want to miss.

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