EPISODE · Jun 2, 2026 · 45 MIN
Opportunities, Spec Homes, and Thinking Bigger with Caleb Harwell Ep. 16
from Save to Zero · host REI Capital Guys
Episode 16: Opportunities, Spec Homes, and Thinking Bigger with Caleb Harwell Most people see an opportunity and overthink it. Others take the shot and figure it out as they go. Save to Zero hosts Mike and Zach sit down with real estate investor Caleb Harwell to hear how he started his business with curiosity and connection. While working at a bank, he noticed investors making in a month what he was making in a year, and instead of ignoring it, he started asking questions. That simple move opened the door to everything that came next. Caleb shares how he went from buying single-family rentals to flipping houses, building new construction, and developing high-end spec homes in some of Atlanta’s most established neighborhoods. He talks openly about learning on the job, taking smart risks, and leaning on mentors, masterminds, and real-world experience to move faster. You’ll also hear the difference between working with outside builders and bringing more of the process in-house, why “who not how” matters when you want to grow, and how Caleb thinks about the future. You’ll Learn in This Episode: How Caleb got into real estate Why asking questions can open big doors How masterminds help you grow faster The shift from rentals to luxury spec homes Why construction became the better play The value of focusing on “who,” not “how” How Caleb stays on top of design trends Why systems matter when you want to scale How Caleb thinks about long-term commercial investing What real freedom can look like as an entrepreneur Quotes “If I see a shot and an opening, I’m going for it. At the end of the day, we’re all gonna die. Go for it.” “It’s not what I like. It’s what the market wants and what the market likes.” “I want experiences, I want moments, different cultures, different foods. That’s way cooler to me than a Ferrari or a Rolex.” “The ultimate success is being able to turn your phone off.” About Caleb Harwell Caleb Harwell is a real estate investor and developer. He started off in residential buy-and-hold rental properties and has grown into commercial investing and high-end spec home builds across Georgia. Caleb is a small-town guy with worldwide dreams and goals. Faith, family, and freedom. Find Caleb Harwell on Instagram Find REI Capital Guys For Investors & the Fund – Learn how the Fund works and book a call For Borrowers & Deals – Get funding and support for your next investment
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What this episode covers
Caleb Harwell went from making $45K a year as a bank teller, watching clients collect that same amount every single month in rent, to building $3M+ luxury spec homes in Atlanta's most sought-after neighborhoods. In this episode, he breaks down how he and his brother went from fix-and-flips to high-end new construction, why he walked away from a custom home deal that could have made him an extra $200K, and how he's using spec builds as a capital engine to fund long-term commercial real estate wealth.
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Opportunities, Spec Homes, and Thinking Bigger with Caleb Harwell Ep. 16
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