Podcast appearances and mentions of devin elder

Whitney Elkins-Hutten of PassiveInvesting.com interviews Devin Elder to discuss the acquisition and management of Stratton Park, a 127-unit multifamily asset in San Antonio, Texas. Devin shares his journey from corporate life to building a thriving real estate business, emphasizing the importance of broker relationships and strategic financing decisions. Discover actionable insights on navigating challenges, creating value in multifamily properties, and the operational strategies that drive success. Whether you're a seasoned investor or new to real estate, this episode offers practical advice to inspire your next move.

Devin Elder is Founder & CEO of DJE Texas Management Group, a vertically integrated investment firm based in San Antonio, Texas. Since 2012, the firm has completed hundreds of successful investment projects including many full cycle multifamily investments, development projects, and land purchases. Devin has been a Principal in over 5,000 doors of multifamily. Devin is a Pilot, Podcast host and owner of a Real Estate brokerage and the DJE Foundation, a 501(c)(3) non-profit supporting disadvantaged children in Texas and the Philippines. Summary In this episode of the Gentle Art of Crushing It podcast, host Randy Smith interviews Devin Elder, founder and CEO of DJE Texas Management Group. They discuss the current state of the real estate market, investment opportunities, and the importance of patience for passive investors. Devin shares his entrepreneurial journey, the challenges of transitioning from a corporate career to real estate, and offers advice for aspiring entrepreneurs. He also explains the investment structures used in his projects, the focus on multifamily and rural land investments, and the benefits of vertical integration in property management. In this conversation, Devin discusses the evolution of his property management company, the complexities of employee transitions during asset sales, and shares insights on market predictions and economic outlook. He emphasizes the importance of understanding debt structures in real estate, offers advice on due diligence for passive investors, and reflects on personal growth through aviation experiences. The conversation concludes with investment strategies for passive investors, focusing on development deals and multifamily syndications. Chapters 00:00 Market Insights and Investment Opportunities 05:12 Devin Elder's Journey to Entrepreneurship 11:41 Advice for Aspiring Entrepreneurs 15:30 Investment Structures and Project Types 21:30 Track Record and Market Focus 24:34 Vertical Integration in Property Management 26:03 Launching a Property Management Company 28:15 Navigating Employee Transitions During Sales 30:38 Market Predictions and Economic Outlook 37:00 Understanding Debt Structures in Real Estate 44:31 Due Diligence for Passive Investors 47:29 Bucket List Adventures and Personal Growth 49:37 Investment Strategies for Passive Investors RANDY SMITH Connect with our host, Randy Smith, for more educational content or to discuss investment opportunities in the real estate syndication space at www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor

In this episode, Anthony interviews Devon Elder, a real estate investor based in San Antonio, Texas. Devon shares his journey from corporate life to real estate, starting with a small house purchase in 2012 and growing his portfolio to over 2,450 apartment units and large land holdings. The discussion covers various aspects of real estate investing, including land acquisition, apartment complexes, Flex industrial properties, financing strategies, and the benefits of owner financing. Devon emphasizes the importance of systems, long-term goals, and maintaining a balanced lifestyle while scaling a real estate business. [0:00 - 1:22] Introduction and Devon's Background Anthony introduces Devon Elder, who shares his start in real estate in San Antonio and his impressive portfolio growth. [1:22 - 4:50] Love for Land and Outdoor Lifestyle Devon discusses his passion for land, sharing experiences like hunting on his properties and the unique benefits of owning large tracts. [7:03 - 9:26] Investing in Apartments and Flex Industrial The conversation shifts to Devon's multifamily and Flex industrial investments, highlighting the advantages of commercial tenants. [20:56 - 22:54] The Power of Owner Financing and Note Stacking Devon explains how owner financing and stacking notes have become a key strategy for long-term growth and cash flow. [33:34 - 36:05] Effective Capital Raising Strategies He shares insights on building a strong investor base, leveraging newsletters, and maintaining consistent communication to raise capital effectively. Learn More hivemindinvests.com Text

Unlock the essentials of real estate investment with insights on ROI, active vs. passive strategies, debt vs. equity, and diverse asset types. Discover how to make informed decisions and grow your capital in today's market. Read more to get expert advice from Devin Elder, founder of DJE Texas Management Group. The post What ROI should I expect from real estate? first appeared on DJE Texas Management Group.

In this engaging episode of The Helicopter Podcast, your host Halsey Schider sits down with Devin Elder, a helicopter owner and pilot. Devin shares his journey into aviation and the motivations behind owning an R44. They discuss the challenges of balancing helicopter training with his responsibilities as a CEO, emphasizing the importance of a level-headed mindset and respect for the dangers of flying, especially as a non-commercial pilot. Devin highlights the practical uses of helicopters for his real estate business and the incredible adventures he's had with his family. For an excellent look into the experiences of a private helicopter owner, and insight into an effective safety-mindset, don't miss this episode of The Helicopter Podcast!

Listen in as Devin Elder reveals how his remarkable growth spurred a philanthropic passion. Discover the joys and hurdles of real estate investing, and learn how you can bring your entrepreneurial dreams to fruition. Tap in for a dose of motivation to chase your dreams and make a difference in the lives of others!   Key takeaways to listen for The motivation behind the DJE Foundation Reasons you should widen your perspectives when growing a business Key secrets to bringing your aspirations into realization Why now might be the time to invest in multifamily assets Similarities between aviation and real estate investing    Resources Aid the Silent The Real Estate Investing Podcast | BiggerPockets The Italian Job Vistage  GoBundance  Think and Grow Rich by Napoleon Hill | Kindle and Paperback   About Devin Elder Devin is the Founder & CEO of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio, Texas. Since 2012, the firm has completed hundreds of successful investment projects, including many full-cycle multifamily investments. Devin has been a principal in over 5,000 multifamily doors. Devin is a pilot, podcast host, and owner of a real estate consulting firm, a brokerage, and the DJE Foundation, a 501(c)(3) non-profit supporting disadvantaged children in Texas and the Philippines.   Connect with Devin Website: DJE Texas Management Group LinkedIn: Devin Elder   Connect with Us Website: Angel Flight West LinkedIn: Alan Underwood  Instagram: @thealanunderwood Facebook: Alan Underwood

Devin Elder, the sole owner of DJE Texas Management Group LLC, oversees the acquisition, repositioning, and disposition of diverse real estate projects in Central Texas. With a track record of over 200 successful renovations, ranging from $10k to $3M+, DJE has never incurred investor capital losses. As of February 2024, DJE Properties, the in-house property management firm, oversees a multifamily portfolio of 2,147 units in San Antonio. Before venturing into real estate, Devin earned a Bachelor of Business Administration from the University of Texas at San Antonio and enjoyed a successful corporate career at Rackspace and 3M. In addition to his real estate endeavors, Devin is the host of The DJE Podcast and co-founder of ApartmentEducators.com. He founded The DJE Foundation in 2020, supporting various charitable causes. As the Co-Founder of Accelerated Commercial Real Estate and a member of a private CEO advisory board, Mr. Elder maintains a robust network of professionals contributing to the ongoing success and growth of DJE.   In this episode, we talked to Devin about challenges in the transition to multifamily investing from single-family, how his portfolio looks like today, his approach on focus, and what to focus, the DJE income fund, and much more.   Announcement: You can join the Apartment Investing Mastermind here.   Multifamily Investment;   02:34 Devin's background; 04:43 Challenges in the transition to multifamily investing; 15:18 How Devin's portfolio looks like today; 28:22 His approach on what to focus; 30:26 The DJE income fund; 34:28 Round of insights   Announcement: Don't miss the Best Ever Conference this year on April 10th to 12th. Use my code CASMON15 for 15% off!   Round of Insights   Apparent Failure: Losing his job before his entrepreneurship endeavors. Digital Resource: AppFolio Most Recommended Book: Who Not How Daily Habit: Waking up early and working out. #1 Insight for multifamily investing: Never stop educating yourself. Best Place to Grab a Bite in San Antonio, TX: Pinkerton's Barbecue.   Contact Devin: https://djetexas.com/  Make sure you listen to the previous episode Devin joined "Ep. 226: Creating an Integrated Multifamily Business with Devin Elder".   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.

Welcome back to another episode of your daily real estate syndication show. I'm your host, Whitney Sewell, and today we had the pleasure of catching up with Devin Elder, a respected figure in the real estate space. It's been a couple of years since our last conversation, and there's a lot to catch up on.Devin shared an overview of his business, DJE, which has a significant presence in the Texas real estate market, primarily focusing on multifamily properties. Despite the challenges posed by the current economic climate, DJE has been actively pursuing acquisitions, including a 300-unit deal closing this week. Devin emphasized the importance of finding good basis deals and adapting to the high-interest-rate environment.We discussed the necessity of being creative in times when traditional multifamily deals are scarce. Devin highlighted their pivot into land deals, which has proven to be a lucrative and enjoyable venture. By subdividing larger tracts of land and offering them to a different buyer pool, they've been able to maintain deal flow and provide investors with consistent opportunities.Devin also touched on the structure of these land deals, explaining that they are set up as 506B debt offerings, allowing investors to earn a fixed return. This approach has been beneficial for both the company and the investors, offering flexibility and a variety of investment options.The conversation also covered the importance of building and maintaining investor relationships, with referrals being the primary source of new investors. Devin shared insights into their marketing strategies and the value of having regular conversations with potential investors.Lastly, we delved into DJE's debt fund, which provides additional flexibility for the company to execute deals across various asset classes. Devin outlined the fund's structure and the goal of keeping it sufficiently deployed to meet investor expectations.For those interested in learning more about Devin and DJE's strategies, visit djetexas.com. And don't forget to like, subscribe, and share the Real Estate Syndication Show with friends interested in building wealth through real estate. Join us again tomorrow for more insights into the world of real estate syndication.VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow

Devin Elder is interviewed by Whitney Sewell on the Daily Real Estate Syndication Show. Connect with Whitney at https://lifebridgecapital.com/ To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit https://www.ApartmentEducators.com

Devin Elder is interviewed by Whitney Sewell on the Daily Real Estate Syndication Show. Connect with Whitney at https://lifebridgecapital.com/ To join the DJE Investor list visit https://www.djetexas.com/access. For multifamily mentoring visit https://www.ApartmentEducators.com

Devin Elder is interviewed by Whitney Sewell on the Daily Real Estate Syndication Show. Connect with Whitney at https://lifebridgecapital.com/ To join the DJE Investor list visit https://www.djetexas.com/access. For multifamily mentoring visit https://www.ApartmentEducators.com  

Are you feeling uncertain about investing in today's volatile market? Look no further, as seasoned investor Devin Elder shares his strategies and insights to help you navigate these challenging times. In this episode, we will explore the key principles that can maximize your returns and transform challenges into opportunities.One of Devin's core philosophies is staying professionally invested, regardless of market conditions. He believes that diversification is crucial and not just during times of uncertainty. By spreading your investments across different asset classes, you can mitigate risks and increase your chances of success.As we delve into the world of real estate, Devin sheds light on how the current rate hike cycle impacts property investment. He reveals how capital markets are adapting to facilitate deals and offers valuable advice on leveraging intuition for decision-making. If you're a passive investor, you won't want to miss this section.But Devin's expertise doesn't stop at financial gains. We also explore his philanthropic pursuits through his self-funded DJ Foundation. This inspiring journey emphasizes the importance of earning to make a positive impact on society. By aligning your investments with your values, you can create a meaningful legacy.Throughout the episode, Devin emphasizes the significance of thoughtful investment strategies. He encourages investors to measure success not only in terms of financial returns but also through key metrics such as social impact and sustainability.So whether you're an investor seeking guidance in this unpredictable market or simply interested in real estate and philanthropy, this episode is a must-listen. Join us for a discussion filled with valuable advice and practical insights that can reshape your investment perspective and pave the way for success.Ready to take your investment journey to the next level? Visit Devin's website at https://djetexas.com/ for a wealth of valuable resources, insightful articles, and expert guidance. And don't forget to tune in to Devin's podcast, where he shares exclusive tips and interviews with top industry professionals. Get inspired and stay informed by subscribing today!VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow

Ever wondered about the potential returns on real estate investments beyond multifamily properties? Look no further! Devon Elder, an experienced investor, has discovered a unique strategy that involves buying large plots of land and selling them in smaller pieces to a wider buyer pool. In a fascinating interview, Devon shares his personal journey of purchasing a ranch and how it led him to this innovative approach.But Devon doesn't stop there. He delves into various investment strategies that have proven to be highly profitable for his investors. From cash purchases to land deals and industrial projects, he demonstrates the versatility and untapped potential of real estate investments. If you're seeking a fresh perspective and innovative ways to enhance your portfolio, Devon's insights are a must-listen.By exploring these alternative strategies, such as real estate partnerships, impact investing, hard money loans, private notes, real estate crowdfunding, real estate syndication, raw land, and more, you can enjoy quicker returns with significantly less due diligence and management. It's time to unlock the true potential of your real estate investments!Visit Devon's website and listen to his podcast to discover even more alternative strategies that yield quicker returns with less management. Don't miss out on this opportunity to enhance your portfolio!VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow

We are delighted to welcome Devin Elder, the Founder and CEO of DJE Texas Management Group, as our guest. Devin will provide us with invaluable insights into the fascinating world of real estate syndication. We will explore the inner workings of his company, which has successfully completed numerous projects, and learn about their innovative strategies for attracting investors in a challenging market characterized by high debt and costly interest rates.In addition to his prowess in real estate, Devin is a master in capital raising and investor relations – the lifeblood of his business. He graciously shares his expertise on these vital aspects, offering valuable advice on leveraging referrals, maintaining regular communication with investors, and utilizing speaking engagements and podcasts to enhance credibility. Furthermore, Devin emphasizes the importance of keeping investors engaged and informed.Looking to level up your real estate investments? Whether you're new or experienced in real estate investing, tune in to Devin Elder's podcast, The DJE Podcast, for a treasure trove of practical tips and insights. Visit Devin Elder's website at DJE Texas Management Group to unlock exclusive strategies, success stories, and join a community of savvy investors. VISIT OUR WEBSITEhttps://lifebridgecapital.com/Here are ways you can work with us here at Life Bridge Capital:⚡️START INVESTING TODAY: If you think that real estate syndication may be right for you, contact us today to learn more about our current investment opportunities: https://lifebridgecapital.com/investwithlbc⚡️Watch on YouTube: https://www.youtube.com/@TheRealEstateSyndicationShow

You know how we're always told that hard work and commitment pay off? In this episode of The Real Estate Mindset podcast, I chat with Devin Elder, a multi-job hustler who transformed his life through entrepreneurship and became the owner of a quarter-billion-dollar real estate empire. Devin's story is not only about financial success, but also about personal growth, reinventing oneself, and finding happiness. He moved from being a multi-job worker to a successful entrepreneur, from striving for financial freedom to seeking fulfillment and joy in helping others. He talks about the importance of finding a mentor, investing in oneself, and aligning one's identity with their goals. He also highlights the power of setting a compelling future to stay motivated, even when the going gets tough.But it doesn't stop here. Kenny also shares insightful discussions on creating a positive environment for investors and employees, raising capital, and how referrals can be the best lead source for any business. Tune in as we explore all of these fascinating themes and learn from Kenny's experiences and wisdom. What we discuss:(0:00:01) - Entrepreneurship Journey and Real Estate Success(0:08:40) - Work Ethic, Family, Going All In(0:16:47) - The Pursuit of Happiness and Identity(0:22:34) - Adapting to Success and Creating Value(0:32:06) - Positive Investor & Employee Experience Creation(0:40:23) - Value of Mentorship and Education Payment(0:46:31) - Reaching Out and Sharing InformationTo learn more about Devin:Website: https://djetexas.com/

In this ever-changing real estate landscape, you need to keep your sights on the latest and sharpen your tools. Our very own Chris Seveney keeps us abreast of what's happening, bringing hard-earned wisdom from amazing guests. This time, he takes the hot seat opposite Devin Elder, the host of the DJE Podcast to give us an overview of the 7e Fund Structure along with some market updates. They discuss mortgage note investing, the 7e Regulation A and Regulation D funds, and how Chris builds a team at 7e Investments while running deals nationally. Chris also shares how 7e Investments still floats with the current waves of today's economy. Check out how Chris navigates the market today and more in this bonus episode!Love the show? Subscribe, rate, review, and share! https://7einvestments.com/podcast/

Devin Elder is the Founder & CEO of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio, Texas. Since 2012, the firm has completed hundreds of successful investment projects including many full cycle multifamily investments. Devin has been a Principal in over 5,000 doors of multifamily. Devin is a Pilot, Podcast host and owner of a Real Estate consulting firm, a brokerage, and the DJE Foundation, a 501(c)(3) non-profit supporting disadvantaged children in Texas and the Philippines.  Powerful Moments From The Episode 00:00:00 - Act in Spite of Fear 00:00:41 - Introducing Devin Elder 00:01:23 - Philanthropy & The DJE Foundation 00:10:06 - Stepping Up Your Contribution Game While Building a Business 00:15:11 - How to Avoid Being a “Someday” Guy 00:19:20 - How to Practice Abundance & Constantly Expand Your Life 00:27:32 - The Pros & Cons of Homeschooling 00:33:29 - Maximizing Adventure with a Personal Plane 00:42:02 - Making The Jump from Single Family to Multifamily Units 00:49:07 - How to Standout to Brokers When Multifamily Investing 00:50:44 - Solopreneur to CEO of 80+ Employees (Key Advice) 00:56:37 - When is enough, enough? 01:00:39 - Gobundance Member Pillar Questions 01:07:41 - Gobundance Card Game Question Connect with Devin Elder Website https://djetexas.com/  DJE Foundation https://www.djefoundation.org/ Learn More About Our Tribe! https://www.gobundance.com Want to watch the Tribe of Millionaires? YouTube: https://www.youtube.com/channel/UCbczkBHANH9ULLQiSt56bQA/  Watch How To Profit From Your Personal Brand | Mark Lack Ep 241 https://www.youtube.com/watch?v=OLYFjltV69s  Want to connect with our community? Instagram: https://www.instagram.com/gobundance Facebook: https://www.facebook.com/gobundance  Twitter: https://twitter.com/GoBundance Tribe of Millionaires Podcast by GoBundance is the podcast for healthy wealthy generous people who choose to live epic lives. Each week we connect with featured guests and GoBundance members to bring you the best in our community.

Welcome back to another episode of wealth building with Devin Elder joining us to share his remarkable journey in the real estate industry and how he achieved the long-awaited time freedom he always dreamed of. So don't miss this opportunity to hear powerful insights you can apply to pursue and accomplish your own aspirations right now.   Key Takeaways To Listen For • How joining masterminds can kick-start your real estate career • Ways to stimulate organic advertising through customer experience • The power of diversifying your investment portfolio • Debt and equity: Its advantageous features and cash flow possibilities  • Reasons to pursue time freedom and its impact on your business   Resources/Links Mentioned In This Episode • Rich Dad Poor Dad by Robert Kiyosaki | Kindle and Paperback • The 4-Hour Workweek by Timothy Ferriss | Kindle and Hardcover • GoBundance • Jim Rohn • Oversubscribed by Daniel Priestley | Kindle and Paperback  • CrowdStreet    About Devin Elder Devin is the principal of DJE Texas Management Group, with over  2,000+ units of Multifamily. He works with accredited investors to place capital in multifamily investments for capital preservation, growth, and tax advantages.    Connect with Devin Website: DJE Texas Management Group Office Address: Downtown San Antonio, Texas 78258   Connect With Us If you're looking to invest your hard-earned money into cash-flowing, value-add assets, reach out to us at https://bobocapitalventures.com/.   Follow Keith's social media pages LinkedIn: Keith Borie Facebook: Keith Borie Twitter: @BoboLlc80554

Drew is joined by Devin Elder, the Founder & CEO of DJE Texas Management Group, a multifamily investment firm based in San Antonio, Texas. With a portfolio of over 5,000 doors, Devin has made his mark in the industry by leveraging goal setting, KPIs, and long-term planning to drive growth for his company.Drew and Devin delve into the growth strategies behind DJE Texas Management Group, discussing the importance of setting goals, tracking KPIs, and fostering a team culture that thrives on growth. If you're looking to scale your multifamily investments and learn from a seasoned pro, this episode is a must-listen.--Real estate is the most proven way to build wealth. But learning how to invest in real estate is not easy. You need a blueprint from other successful investors. That is what this podcast is all about.In each episode, join Drew Breneman, a real estate investor who owns more than $200M in property, as he and his guests teach you what you actually need to know to be a successful investor. Whether you are a full-time active investor, a passive investor, close to retiring, just starting out, simply looking for an alternative to the stock market, this podcast is for you.His company, Breneman Capital, is a private real estate investment management firm specializing in the multifamily property sector. Breneman Capital employs a deliberate investment approach, leveraging data analytics and proprietary technology to generate superior risk-adjusted returns for investors.Breneman Capital has developed an investment strategy that aims to exploit market inefficiencies and reveal superior risk-adjusted opportunities through comprehensive use of technology and analytics.Get started today as an investor or learn more at:https://www.breneman.comWatch All Episodes On Youtube:https://www.youtube.com/@brenemanblueprint-- Social Media --Follow Drew on SocialLinkedIn:https://www.linkedin.com/in/drewbrenemanTwitter:https://twitter.com/drewbrenemanFacebook:https://www.facebook.com/drewbInstagram:https://www.instagram.com/drewbrenemanBreneman Blueprint on SocialFacebook:https://www.facebook.com/profile.php?id=100088350404003Instagram:https://www.instagram.com/brenemanblueprintTikTok:https://www.tiktok.com/@brenemanblueprintBreneman Capital on SocialLinkedIn:https://www.linkedin.com/company/brenemancapitalTwitter:https://www.twitter.com/brenemancapitalFacebook:https://www.facebook.com/profile.php?id=100084325985153Instagram:https://www.instagram.com/brenemancapitalReal Estate Investor Guidebook For Passive Investors:https://www.breneman.com/downloads

If you want to scale up your real estate investing, you need to experience a mindset shift like what Devin Elder talks about in today's episode. Welcome to Pillars of Wealth Creation, where we talk about building financial freedom with a special focus in business and Real Estate. Follow along as Todd Dexheimer interviews top entrepreneurs, investors, advisers and coaches. Devin Elder is Founder & CEO of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio, Texas. Since 2012, the firm has completed hundreds of successful investment projects including many full cycle multifamily investments. Devin has been a Principal in over 5,000 doors of multifamily. Devin is a Pilot, Podcast host and owner of a Real Estate consulting firm, a brokerage, and the DJE Foundation, a 501(c)(3) non-profit supporting disadvantaged children in Texas and the Philippines. 3 Pillars of Assets 1. Industrial 2. Land 3. Multifamily 3 Pillars of People 1. Deal guy 2. Money guy 3. People guy Books: Who Not How by Dan Sullivan and Dr. Benjamin Hardy You can connect with Devin at www.DJETexas.com Interested in coaching? Schedule a call with Todd at www.coachwithdex.com Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/c/PillarsOfWealthCreation

Devin Elder is a cool dude with a cool life...and it's by design! Learn how he built his multifamily business around his life, not the other way around.https://djetexas.com/devin-elder/Are You Stuck In Your W2 Job, Relationships, and Life?Good - Let's Change That: Apply For The Action Academy CommunityFor Frameworks, Freedom Tips, and Millionaire Financial Breakdowns:Join Our Weekly Newsletter Twitter @theactionpodIG @brianluebbenTiktok @brianluebben

In this new “What I Learned...” episode of the Passive Wealth Principles Podcast, Jake Harris breaks down his interview with Devin Elder, the principal of DJE Texas Management Group, a very big multifamily investing operation in San Antonio, Texas.In his short summary of Devin''s interview, Jake shares some important nuggets he gained from their conversation.You will find out why Devin left his W2 job and what were some of his first steps to success.Jake will talk about some of the pain points and challenges Devin faced and lessons he learned along the way.You will learn more about Devin's journey into multifamily investing and the path he took to achieve financial freedom.Jake will share why entrepreneurship is the ultimate self development vehicle, will talk about some of Devin's goals and vision for the next three years, will share why delegating is important and how to do it effectively and so much more.Listen now and enjoy another What I Learned episode!What You'll Learn in this Show: Why Devin left his W2 job and what were some of his first steps to successThe pain points and challenges Devin faced and lessons he learned along the wayThe path Devin took to achieve financial freedomWhy entrepreneurship is the ultimate self development vehicleDevin's goals and vision for the next three yearsAnd so much more...Resources:Catchknives.com Books:Oversubscribed: How To Get People Lining Up To Do Business With You

Devin Elder is the principal of DJE Texas Management Group, a very big multifamily investing operation in San Antonio, Texas, that has managed all aspects of the acquisition, repositioning and disposition of over 250 real estate projects.Devin also has other avenues of business, he's done some land deals, he's doing some flex industrial and he's got a coaching program that teaches people how to buy multifamily assets.In today's episode of the Passive Wealth Principles podcast, Jake Harris will have an insightful conversation with Devin abo how he built his business, how he exited his W-2 income and how he started to systematize his success.You will learn more about how Jake and Devin first met at a GoBundance event and what were some of the action steps that Devin took away from this meeting.You will find out how and why Devin decided to leave his W2 job and what were some of the first steps that took him to a successful business.Devin will also talk about the importance of delegating and how to delegate effectively.He will share how he started his journey into the multifamily investing space and will reveal some of the pain points and challenges he encountered along the way and the lessons he learned from them.He will also talk about his Bitcoin near billionaire status, will share some of the systems that he has put in place to unlock more time freedom, his goals and vision for the next 3 years and so much more.Listen now and enjoy!What You'll Learn in this Show: How Devin left his W2 job and what were some of the first steps that took him to a successful businessThe importance of delegating and how to delegate effectively How Devin started his journey into the multifamily investing spaceDevin's pain points and challenges along the way and the lessons he learnedAbout Devin's Bitcoin near billionaire status What are Devin's goals and vision for the next 3 yearsAnd so much more...Resources:Catchknives.com Books:The Bitcoin Standard: The Decentralized Alternative to Central Banking The Fiat Standard: The Debt Slavery Alternative to Human CivilizationOversubscribed: How To Get People Lining Up To Do Business With You

Life is limited when you limit it yourself. People can get through places and journey through everything because, in the end, the sky's the limit. Devin Elder, our guest for today, started with every bit of step in real estate investment. He asked for help, did the infamous methods, and bought houses in his pocket. Settle your thoughts, as Devin lets us build our future with every step we take. One thing about this episode is when he mentions the greatest lessons; even though he knows it would be a bad thing, he will do it again in the end. Remember, this is your MBA. Have a notepad handy, and get ready to take some notes!Key Points from This Episode: Devin talks about how he has been a principal in over 5,000 doors of multi-family.  What are the first things Devin does when investing in multi-family? Devin shares how he built a management company after his bad experiences with third-party management. How does flying helicopters help Devin? How does Devin handle bad experiences? Devin mentions podcasts as his way to connect closer to people. What is Devin's highest value for the organization? What is Devin's philosophy when it comes to time? Devin talks about investor sentiment. Devin shares how his stuff is relationship driven. What are the criteria Devin asks for when looking for deal size?  Devin shares his relationship with the brokers.  Tweetables:“It's time for me to let them do their jobs, focus on being a visionary, and building the vision for the future of the company.” – Devin Elder“You're aiming for it, but it really doesn't exist. You're never gonna get to the horizon, but it is a helpful mechanism to aim at.” – Devin Elder“But where I kind of enjoy my time in the company is building the future.” – Devin Elder“So the vision, obviously the capital,  is a huge piece of it” — Devin Elder“We're just stewards of capital and time” — Devin ElderLinks Mentioned:Apartment EducatorsDJE Texas Management Group | Real Estate Investments … About Devin ElderDevin Elder is the sole owner of DJE Texas Management Group LLC (DJE), which manages all aspects of acquisition, repositioning, and disposition of single-family, land, development, and multifamily projects in Central Texas. DJE has successfully completed over 200 Real Estate renovation projects, with renovation budgets ranging from $10k to $3M+. Devin has been a Principal in over 5,000 units of multifamily. No investor capital has ever been lost on any DJE project.The DJE multifamily portfolio is managed by DJE Properties LLC, the company's in-house property management firm. As of November 2021, DJE Properties manages 2,125 doors with an average occupancy of 95%.Prior to his Real Estate investing career, Devin earned a Bachelor of Business Administration from the University of Texas at San Antonio and enjoyed a near decade-long successful corporate career in Operations, IT, and Marketing roles at two of San Antonio's largest employers, Rackspace and 3M.Mr. Elder is the host of The DJE Podcast, a weekly show interviewing the top Commercial Real Estate investment experts in the country, and is himself a regular expert guest on the top multifamily investment podcasts in the world.In 2020, Devin founded The DJE Foundation, a 501(c)(3) foundation, whose mission is to improve the lives of disadvantaged children. The non-profit supports the Heart of Texas orphanage in the Philippines, local Christian organizations, and numerous other causes.Mr. Elder is Co-Founder of ApartmentEducators.com, a consulting firm that teaches successful professionals how to invest in multifamily communities as passive investors and operators. Devin co-founded the Real Estate Brokerage Accelerated Commercial Real Estate in 2020 with his ApartmentEducators.com business partner to assist clients in sourcing and to close multifamily investments.Mr. Elder meets twice monthly with a private CEO advisory board and has a broad network of experienced and trusted advisors, attorneys, brokers, investors, and accountants that facilitate the continued success and growth of DJE.Devin has been married to his wife Amber since 2008. They reside in far North San Antonio with their three children. He enjoys family time, piloting planes & helicopters, playing golf, and spending time with his family at Eventide Ranch, the Elder family's South Texas wild animal preserve, home to a variety of exotic animals, including Kudu, Springbok, Blackbuck, Barasignha, Scimitar Horned Oryx and a Zebra named “Pete”.

The aggregation of marginal gains, which mirrors our guest's core value––making even the smallest improvements every day. In this episode, Devin Elder, our second-time guest talks about how he is reading everything on the macro environment right now and what are his insights towards more effective investing. He also shares with us his 10,000-hour rule to becoming an expert and his timeless wisdom about being in the right peer group; and starting small and iterating after failing. If you're interested in learning more about multifamily real estate and an exciting personal growth journey as an investor and business owner, tune in right away!   Key Points From this Episode Devin talks about the illusion of time in real estate. Devin and Tyler talk about getting your life secured while enjoying the present moment. As an industry veteran and real estate entrepreneur, Devin shares his read on the current macro environment.  The current headwind of the Real Estate Industry: Debt Environment. The current tailwind of the Real Estate Industry: Rent Growth. Devin defines and explains why property management is labor force dependent and people extensive. The next headwind that will create more opportunities. The 10,000-hour rule to become an expert, applied in multifamily. How did Mike build adaptability within his growing organization and why is it necessary? Devin talks about starting small and iterating failure after failure.  How does a peer group that understands his journey helped him succeed? Devin and Tyler conversed about how being an entrepreneur and investor is a personal development journey.  Technology as a helpful tool but connecting physically as being timeless and considered as an investment. One of the most important core values: Tiny Improvements Every Day. Devin's advice to his younger self and someone like him who's also dominating the same markets he's ventured. Devin shares the keys they have to be more and more successful in a market. Tweetables: “I'm 44, 1 year is certain percentage of my life. Whereas when you're 20, one year is a much bigger percentage of your life..” – Devin Elder    “I get this delayed gratification and all these kind of things, but you know, what about securing sort of that win now? Or what about enjoying life now? But, you know, I think you can do both.” – Tyler Chesser    “Instead of saying, I can't afford that. And just shutting down all the powers of your brain, you say, how can I afford that?” – Devin Elder    “You've gotta plug yourself in with a peer group that understands exactly what you're going through. And I would put that honestly as the number one thing that's helped me succeed.” – Devin Elder   "And that's what change is. It's scary. And it's gonna push you outta your comfort zone .” – Devin Elder   Links Mentioned: CF Capital Website DJE Texas' Website   About Devin Elder Devin Elder is sole owner of DJE Texas Management Group LLC (DJE), which manages all aspects of acquisition, repositioning, and disposition of single family, land, development, and multifamily projects in Central Texas. DJE has successfully completed over 200 Real Estate renovation projects, with renovation budgets ranging from $10k to $3M+. Devin has been a Principal in over 5,000 units of multifamily. No investor capital has ever been lost on any DJE project.   The DJE multifamily portfolio is managed by DJE Properties LLC, the company's in-house property management firm. As of November 2021, DJE Properties manages 2,125 doors with an average occupancy of 95%.   --------------- Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com. In this guide, created by your host Tyler Chesser, you'll learn why you do what you do, how to easily institute cues in your environment to trigger desired behavior, directly applicable steps to create a fulfilling future and much more. Get your free copy at elevatepod.com and kick-start your new habits today. Your future self will thank you! This episode of Elevate is brought to you by CF Capital, a national real estate investment firm. CF Capital's mission is to provide property investment and asset management solutions to help investors like you maximize their returns by investing in high-value multifamily communities. If you are looking for risk-adjusted alternative investments in quality apartment communities, and are seeking tax optimized cash flow with appreciation upside without all the hassle of management, you might benefit from learning more about investing alongside our team. You're invited to reach out and learn how you can invest with us by visiting cfcapllc.com. We're also currently offering a free ebook called The Bottom Line - 10 Ways to Increase Cash Flow in an Apartment Complex. Whether you're a new or an experienced investor, we're confident you'll find massive value in this resource. Get your free copy today at cfcapllc.com.

We have more bonus content for you this week! Devin was recently a guest on Darin Batchelder's Real Estate Investing Show, and they had a timely conversation about inflation risk and how it can result in valuable rewards to multifamily real estate owners. Connect with Darin at https://darinbatchelder.com/. To join the DJE Investor list visit […]

Do you want to protect your assets from inflation? Inflation is a silent killer. It can slowly erode the value of your money, savings, and investments without you even realizing it's happening. That's why it's so important to have a plan in place to protect yourself from inflation risk. Devin believes the inflation risk in the economy provides valuable benefits to asset owners. He and his team have purchased over 5,000 multifamily units over the years and he's seen it all. Listen and learn! For links and resources discussed in this episode, please visit our show notes at https://darinbatchelder.com/inflation-risk  

Devin was a guest last year on a podcast called The Passive Wealth Strategies for Business Professionals with Taylor Loht, and we thought we'd share the episode as bonus content! Devin and Taylor have a great chat about key characteristics and leverage points that lead to a successful partnership between the general partner and investors. […]

This week we're sharing Devin's guest spot from 2020 on The 5 Talents Podcast hosted by our friend and close colleague, Abel Pacheco. Abel is also the Principal of 5 Talents Commercial Real Estate, and they discuss the mindset of financial freedom, and how that led to success in their first multifamily real estate investments. […]

Welcome to the Passive Income Brothers Podcast! Hosted by brothers Tim Lyons and Greg Lyons We take the fear out of real estate investing using real-life stories from every day successful investors! This is not a “ how to get rich fast” podcast! In this episode, we talk with Devin Elder about how he got onto the path to real estate and how overcoming limiting beliefs helped him gain financial freedom. We hope you enjoy this episode of the Passive Income Brothers Podcast.

Devin and Justin Liggitt, Manager of Investor Relations at DJE get together to reflect on the multifamily industry in 2021 and look forward to 2022. To join the DJE Investor list and see upcoming projects, go to https://djetexas.com/access For multifamily investment coaching & mentoring go to www.apartmenteducators.com Transcript Devin Elder: All right. Let's get the podcast […]

In this BONUS EPISODE, I join Devin Elder of The DJE Multifamily Podcast to discuss team building, finding and focusing on your strengths, and how I managed to buy an island off the coast of South Carolina. Learn more about DJE and subscribe to their podcast: https://djetexas.com/dje-podcast/

In starting syndication, there are many things that one needs to know to be able to build a successful business. In this Highlights episode, we look back at our conversations with Devin Elder and Lane Kawaoka. They share valuable tips on how you can kick start your syndication business!Devin recommends a course of action for inexperienced syndicators who wish to learn the ropes of the business. He also shares how you can find and build a fruitful relationship with an experienced mentor. Meanwhile, Lane gives us a “peek” into his methodology which has held him in good stead over the years. Listen now to this information-packed show!

As a leader, it is natural that you would want to be hands-on with everything about your business. But, to be an effective leader, you need to learn to hand control off. Today, we pick the brain of Devin Elder of DJE Texas Management Group, and he talks about building the dream team and processes to help you grow your multifamily syndication business.Devin admits that he used to struggle with handing control off to other people. But, he later realized what the difference of having the right people in your team can make. Devin talks about finding the right “who” to join your team, and he also elaborates the skill sets of an effective entrepreneur: identifying opportunities, going first, being okay with risks. Click the play button now and enjoy the show!

Anthony Vicino, Co-Founder of Invictus Capital, joins us to discuss targeting smaller multifamily real estate assets in a single market, building a vertically integrated real estate investment company, raising capital, publishing a book, and much more. To join the DJE Investor list visit https://djetexas.com/access For multifamily mentoring visit https://www.apartmenteducators.com/ Transcript   Devin Elder: (00:03) Anthony, […]

This week we've got a great show with Devin Elder.  Devin Elder is Founder of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio. Devin shares his journey about starting his real estate investment career with no money, getting a hard money loan to acquire his first duplex. Along the way he learned how to raise money and developed a solid track record. Connect with Josh McCallen and visit their Facebook, Instagram, and LinkedIn accounts.To learn more about the concepts discussed podcast go to https://www.brianbeers.com and sign up for Brian's free weekly newsletter delivering content directly to your inbox .Connect with Brian you can follow him on Instagram and facebook, connect on LinkedIn or email brian@beerspodcast.comLinks: Who Not How

Welcome to another episode of the Total Wealth Academy Podcast with Stephen Davis! This episode unfolds in two parts as entrepreneur Devin Elder talks about what it took to get out of the corporate rat race and then what happened when golfing became too mundane.

Devin Elder is Founder & CEO of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio, Texas. Since 2012, the firm has completed hundreds of successful investment projects including several full cycle multifamily investments. Devin is a Principal in over 3000 doors of multifamily. Devin is also a Pilot, Podcast host, and owner of a Real Estate Consulting firm, a brokerage, and the DJE Foundation, a 501(c)(3) non-profit supporting disadvantaged children in Texas and the Philippines. [00:01 – 08:20] Opening Segment I talk briefly about great values that await you in this episode Guest Introduction and backgroundGetting into real estate Building a property management company   [08:21 – 28:39] A Deep dive into the Syndication space Investor Management SystemsInvestor portals What passive investors should expect from syndicators Having a dedicated investment relations manager Picking a the right person to be your Investor relations manager Training and delegating the right person to be a part of your team Finding his first Virtual Assistant   [28:40 – 33:34] Closing Segment Quick break for our sponsors What is the best investment you've ever made other than your education?Networking What is the worst investment you ever made?Investing in a music festival and losing a hundred percent of my capital What is the most important lesson that you've learned in business and investing?Constantly look at where you want to go Connect with our guest. See the links below.   Tweetable Quotes: “I continue to invest in masterminds, purely because of the positive peer pressure of being around people. You’re just gonna mimic your network.” - Devin Elder “Proactively get in the best group you can. You want to be the dumbest poorest guy in the room if you can.” - Devin Elder “Always look where you want to go. Keep pushing your head back and constantly look at where you want to go.” - Devin Elder Resources: Loom   Connect with Devin, visit https://djetexas.com/    LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes.

Devin Elder is a Real Estate entrepreneur and San Antonio native with a proven track record of repositioning properties, delivering quality housing products to market, and delivering consistent double digit returns to hundreds of passive investment partners. Devin began investing in Real Estate in 2012 and has grown revenue and profit every year since. Devin Elder is sole owner of DJE Texas Management Group LLC (DJE), which manages all aspects of acquisition, repositioning, and disposition of single family, land, development, and multifamily projects in Central Texas. DJE has successfully completed over 200 Real Estate renovation projects, with renovation budgets ranging from $10k to $1.2MM+. Devin is a Principal in over 2,000 units of multifamily valued at over $150MM. No investor capital has ever been lost on any DJE project. https://djetexas.com/   Want to learn more about passive investing? Grab our FREE Course: https://www.passiveinvestorsclub.com/course Thank you and I appreciate you watching this video. Please like, subscribe, and share with others that you may find this valuable. Your comments are useful and help us generate better quality content based on your feedback.   Subscribe to my channel here:https://www.youtube.com/channel/UCb66-jA-WR4-LlJqp8Sn2wg?sub_confirmation=1   The Passive Investors Club is a community of like-minded individuals seeking financial freedom through passive investing in commercial real estate. More information about our club: https://www.passiveinvestorsclub.com Follow Me Online Here: Instagram: https://www.instagram.com/dwainelclarke/ Facebook: https://www.facebook.com/DwaineClarkeOfficial LinkedIn: https://www.linkedin.com/in/dwaineclarke/ Website: http://passiveinvestorsclub.com Twitter: http://twitter.com/dwaineclarke Medium: http://medium.com/@dwaineclarke SoundCloud: https://soundcloud.com/dwaineclarke Podcast: https://podcasts.apple.com/us/podcast/wealth-through-real-estate-investing/id1457606006 Spotify: https://open.spotify.com/show/7B2wIQyiMgrcEJoqBUJzRR

There's something to be said for specialization and a singular focus. When you do one thing over and over, you tend to do it well. A lot of multifamily operators are spread out all over the country, but today's guest stays in the town he grew up in and has lived in almost his entire life. Devin Elder, Principal of DJE Texas Management Group, knows San Antonio like the back of his hand and has built an impressive portfolio there. He stays away from the glitzier markets of Austin and Dallas and gains a competitive advantage by focusing exclusively on what he knows and does best.

Devin Elder is a real estate entrepreneur and sole owner of DJE Texas Management Group, LLC, which manages all aspects of acquisition, repositioning, and sale of Single-family and Multifamily properties in Central Texas. He successfully completed over 200 real estate renovation projects and acquired 2200 units of multifamily in Central Texas valued at over 212 million dollars.Devin earned a Bachelor of Business Administration at the University of Texas – San Antonio and had a decade successful career in Operations, IT, and Marketing at Rackspace and 3M.  [00:01 – 04:22] Opening SegmentLet's get to know Devin ElderDevin talks about his backgroundDJE Texas Management GroupStarting Multifamily[04:23 – 20:10] Navigating the Right People to PayPain-points encountered that leads to transitioning roles Light and Dark Side of having people overseasThe start of hiring for in-house people Navigating the right people to payTransitions in taking the Property Management in-house The reason of being successful[20:11 – 21:41] Closing SegmentDevin's advice to aspiring investorsGet around the right peopleHow he stays on top of his gameHis way to make the world a better placeHow to reach out to Devin – links belowFinal wordsTweetable Quotes:“We learn through pain. I really embrace pain, because pain is the arrows along the way that point to success. All pain.” – Devin Elder“I think the reason we've been successful is we've tried everything else.” – Devin ElderResources Mentioned: Who Not How------------------------------------------------------------------------------------------Connect with Devin visit their website https://djetexas.com/ Connect with me:I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.Call: 901-500-6191FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me --> sam@brickeninvestmentgroup.com

Devin Elder is a real estate entrepreneur and sole owner of DJE Texas Management Group, LLC, which manages all aspects of acquisition, repositioning, and sale of Single-family and Multifamily properties in Central Texas. He successfully completed over 200 real estate renovation projects and acquired 2200 units of multifamily in Central Texas valued at over 212 million dollars.Devin earned a Bachelor of Business Administration at the University of Texas – San Antonio and had a decade successful career in Operations, IT, and Marketing at Rackspace and 3M.  [00:01 – 04:22] Opening SegmentLet's get to know Devin ElderDevin talks about his backgroundDJE Texas Management GroupStarting Multifamily[04:23 – 20:10] Navigating the Right People to PayPain-points encountered that leads to transitioning roles Light and Dark Side of having people overseasThe start of hiring for in-house people Navigating the right people to payTransitions in taking the Property Management in-house The reason of being successful[20:11 – 21:41] Closing SegmentDevin's advice to aspiring investorsGet around the right peopleHow he stays on top of his gameHis way to make the world a better placeHow to reach out to Devin – links belowFinal wordsTweetable Quotes:“We learn through pain. I really embrace pain, because pain is the arrows along the way that point to success. All pain.” – Devin Elder“I think the reason we've been successful is we've tried everything else.” – Devin ElderResources Mentioned: Who Not How------------------------------------------------------------------------------------------Connect with Devin visit their website https://djetexas.com/ Connect with me:I love helping others place money outside of traditional investments that both diversify strategy and provide solid predictable returns.Call: 901-500-6191FacebookLinkedInLike, subscribe, and leave us a review on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in! Email me --> sam@brickeninvestmentgroup.com

"I grew up in a trailer and now I own hundreds of millions of dollars of apartments." Devin Elder cut his teeth in the real estate investment industry by building a significant portfolio of single family homes in his hometown of San Antonio, TX. He felt a sense of accomplishment especially given the fact that he "grew up poor" with little access to any other resources, but he realized that he could do better. And do bigger. That's when he started digging into the Class B/C multi-family market in San Antonio where they have built a portfolio of over 2,000 units and have fully integrated their operation with their in-house property management arm. Listen to Devin explain how important it is for them to continue to focus on their home market and how they've positioned themselves to get access to off-market deal flow with their track record and professional reputation. Books: Who Not How by Dan Sullivan https://www.amazon.com/Who-Not-How-Accelerating-Teamwork-ebook/dp/B0867ZJ151 The DJE Foundation https://www.djefoundation.org/

Jim Pfeifer is one of the founders of Left Field Investors and the host of this podcast. He is a full-time passive investor and concentrates on investing in real assets that produce cash flow. Jim is committed to sharing his knowledge with others who are interested in learning a different way to grow wealth.   This episode is a replay of The DJE Podcast hosted by Devin Elder.  Jim shares his journey from being a traditional stock market investor to active real estate investor until he found his current passion – passive real estate syndications. Jim also shares how he started the Left Field Investors Community with the goal of helping like-minded investors network and learn together.To connect with Jim go to www.leftfieldinvestors.com or send an email to jim@leftfieldinvestors.com.Our sponsor, Tribevest provides the easiest way to form, fund, and manage your Investor Tribe with people you know like, and trust.  Tribevest is the Investor Tribe management platform of choice for Jim Pfeifer and the Left Field Investor's Community.    Tribevest is a strategic partner and sponsor of Passive Investing from Left Field.  

In this episode of the Total Wealth Vodcast Steve is sitting down with DJE's Devin Elder to discuss the power real estate investing can have on a life.  Can you image what you could do with 22 doors of real estate?  Can you then go a little further and think about what would happen when your favorite leisure activity got dull?  How would you respond?  Tune in and listen to Devin's story!

Personal funding doesn’t have to be the barrier that keeps us from becoming real estate investors. One alternate strategy is to tap into other people’s money, and we can only do that if we learn to be good stewards of investor capital.    Delivering for our investors has to be the most important thing, and at the top of our list of priorities in business. If we set up a win-win scenario for all parties involved, we will never run out of sources of capital and investment opportunities.    What are some of the ways we can build trust and credibility with investors? How can investors prepare for what’s coming in the market?   In this episode, I’m joined by real estate entrepreneur Devin Elder. He shares how he built his business from the ground up to over 2000 doors.  Three Things You’ll Learn In This Episode   Why we shouldn't focus on the cost of capital, but on the opportunity People get hung up on the cost of capital, but it’s not the cost of capital that we need to be focused on, it’s access to capital. If you don’t have access to capital, you’re not going to be able to get started. Consider the cost to your business of not doing the deal in the first place.   How to create massive trust and credibility  If we create trust and credibility with our investors, we create the opportunity to do more deals. One of the most powerful things Devin does is paying his investors a week early. The impact this simple action has on an investor’s psychology and trust level is something we can’t buy.    How to dial in one model so that it works for us The mechanics of multifamily are pretty straight forward, and once the machine is running well, our focus needs to be scaling this winning formula. We often get tempted to get into other investing structures, but we should only do that when the first financial source is dialed in.     Guest Bio-    Devin Elder is a San Antonio, Texas native, Real Estate entrepreneur, and founder of DJE Texas Group. After graduating with a Bachelor in Business Administration from the University of Texas at San Antonio, he worked for Rackspace, Acelity, and a handful of other small tech companies in Sales, Management, and Operations roles before founding DJE Texas Management Group and transitioning full time to Real Estate entrepreneurship.   Today, Devin Elder is a principal in a number of Real Estate investment companies and owns a portfolio of over 600 units of multifamily investment properties.   Mr. Elder has been a featured guest on some of the world’s leading investment podcasts, Business Insider, and various television programs discussing Real Estate investing.   For more information, visit https://djetexas.com. 

A discussion about borrowing the track record of other members of your team and how to approach high net worth individuals with Devin Elder and aspiring investor Jared AschFollow us on Instagram, Facebook, and Twitter. For more educational content, visit our website at www.diaryofanapartmentinvestor.com. Interested in investing with Four Oaks Capital? First step is to schedule a call with us. ---Devin ElderDevin Elder is Founder & CEO of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio, Texas. Since 2012, the firm has completed hundreds of successful investment projects including several full cycle multifamily investments. Devin is a Principal in over 2,000 doors of multifamily.---Jared Asch. Jared Asch currently resides in the San Francisco Bay area with a background in selling to government with a focus on transportation, infrastructure and clean energy. He owns multiple properties in the Southeast. Jared is a relationship builder with a track record of raising more than $50 million in capital for political campaigns and nonprofits. Jared serves on the City of Walnut Creek Transportation Commission and on the Board for the Contra Costa County Transportation Authority. Jared and his wife Rebecca have three daughters. He is a two-time Ironman and avid skier and hiker.----Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital. He and his team currently have 485 units worth $21 million in assets under management and are continuing to grow. He will retire as a Lieutenant Colonel in the United States Marine Corps in 2021. Learn more about him and the Four Oaks team at www.fouroakscapital.com or contact him at brianbriscoe@fouroakscapital.com - be sure to let him know where you found him.Connect with him on LinkedIn or Facebook.

Executing your business plan is not always easy as many variables can derail your initial course of action. Today's guest, Devin Elder, knows the importance of sticking to your guns and has seen firsthand the benefits of persevering with a tried and tested investment thesis. In this episode, Devin sheds light on his company, DJE's business plan, their desired ROI on money spent on interiors, and the asset classes they invest in. While doing heavy value-adds may not appeal to all operators, for Devin, it's a chance to be creative. We also touch on systems and how software has helped the businesses streamline their processes for optimal efficiency. Along with this, Devin shares some wise words as well as a look at what his asset management superpower is. Tune in today!Key Points From This Episode:Hear about Devin's background, where he's based, and his current investment focus.Devin's most frequently implemented business plan for apartment purchases.Why dealing with people is the most challenging part of executing a business plan for Devin.The double-edged sword of big value-add deals: Opportunity versus challenge.Why Devin has not veered too far from his workforce housing investment thesis.The role that software automation plays in being able to execute a business plan.Two pieces of advice Devin would give his younger self.Find out what Devin's asset management superpower is.Tweetables:“We're looking for a substantial component of units that haven't been renovated that we can go in, update, and see an ROI 20% or better on an annualized basis.” — Devin Elder [0:02:15]“Real estate is easy, people are hard.” — Devin Elder [0:02:33]“We are scared of the unknown, right? And it looks scary at night when you can't see anything and in the morning it is silly that you are scared of it. So, you have to get the other side of that fear.” — Devin Elder [0:09:29]Links Mentioned in Today's Episode: The Garzella GroupDJE Texas Management GroupDevin ElderGary KellerAPT Capital GroupAPT Capital Group on YouTuberedIQPassive Income Through Multifamily Real Estate Facebook Group Free Call with Kyle or Lalita

Devin Elder is Founder & CEO of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio, Texas. Since 2012, the firm has completed hundreds of successful investment projects including several full cycle multifamily investments. Devin is a Principal in over 2,000 doors of multifamily.In this episode, Tyler and Devin discussed building and fostering effective investing and complementary teams. They discussed Devin's transition from a solo entrepreneur, maintaining focus and energy through delegating and outsourcing, the roles of his company's broker and creating a positive work environment.Other topics included the headwinds and tailwinds of operating in the marketplace, reverse engineering outcomes, why Devin focuses his business on San Antonio, what he'd tell his younger self about getting started in multifamily, intermittent fasting, investing in downtime and more!Connect with Devin:Website: https://djetexas.com/The following books were mentioned in the show:Rich Dad, Poor Dad, by Robert KiyosakiThink and Grow Rich, by Napoleon HillApply for coaching with Tyler! The world's top performers in any field have a coach to help them achieve drastically greater results and in less time. The most successful real estate investors are no different. To apply for a results coaching session with Tyler, visit coachwithtyler.com.This episode of Elevate is brought to you by CF Capital LLC, a national real estate investment firm that focuses on acquiring and operating multifamily assets that provide stable cash flow, capital appreciation, and a margin of safety. CF Capital leverages its expertise in acquisitions and management to provide investors with superior risk-adjusted returns while placing a premium on preserving capital. Learn more at cfcapllc.com.

Devin Elder of the DJE Texas Management group has built a stellar track record with a conservative, one-project-at-a-time approach to multifamily development. DJE works exclusively in the San Antonio market, and Devin believes this hyperlocal approach helps him execute more quickly and strategically. He and Lance also dig into the risks around Loan Maturity and Capitalization, and DJE’s programmatic approach to the upgrades of its properties.

This week real estate entrepreneur Devin Elder and I dive deep into what's changed for underwriting since last year including cheaper interest rates, the "COVID escrow" and much more.

Devin Elder of DJE Management Group brings the details you need to fuel your mind and grow your business! He shares his forecast for 2021 and why he chooses to invest in specific asset classes and how his mindset towards losing $100. DJE response during COIVDWhy reverse engineering is important to meeting the needs of your investorsHow to improve investor relationsHow to grow and expand wiselyManaging shiny object syndromeEffects of money/population growthHow cheap debt impact investingWhy DJE ruthlessly cut costs to maintain a strong cash positionThe power of increasing investor relations in uncertain timesBe certain to connect with Devin on his website DJE Management Group

This episode with Devin Elder is a must-listen if you are looking to start raising money, working with partners, or are looking to get into larger deals! Devin explains the business in a very simple and straightforward way and shares what he has learned over his years of experience in the real estate industry. This is a great episode whether or not you're currently working on larger deals... we talk about concepts that apply to every level of investing such as investing out of state, how to choose the right partners/vendors, and the difference between raising debt and equity. You won't want to miss this episode!Devin Elder is a principal in 2,000+ units of multifamily properties. He is the Principal of DJE Texas Management Group which acquires, redevelops, and manages single-family and multifamily investments in San Antonio, Texas. Show Notes:3:30 Devin shares his background in music and how he shifted his focus to real estate after working in the corporate world. 8:26 We discuss Devin's first real estate and how he 10x'ed the process. 14:45 Devin talks about how small investors can get into multifamily deals. 19:49 We discuss the changes of working at a higher, larger-scale level. Also, we talk about how finding larger 100+ unit deals can be easier since most are through brokers. 26:57 Devin shares tips to scale quickly and take on larger deals. 31:50 We summarize the steps you need to take before talking to brokers. 35:13 We discuss the differences between equity structuring and private money. We also talk about who to raise capital from and why it is important.42:04 Devin shares why working with partners is beneficial and how to find partners.47:25 We discuss Devin's biggest business-related failure. 52:28 Devin shares what he would do differently if he was starting his business again. CONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/Download my investor toolkit (cash flow calculator, investor pitch deck, scope of work template, and renovation checklist) here.CONNECT WITH DEVINhttps://www.linkedin.com/in/devinelder/https://djetexas.com/

This episode with Devin Elder is a must-listen if you are looking to start raising money, working with partners, or are looking to get into larger deals! Devin explains the business in a very simple and straightforward way and shares what he has learned over his years of experience in the real estate industry. This is a great episode whether or not you're currently working on larger deals... we talk about concepts that apply to every level of investing such as investing out of state, how to choose the right partners/vendors, and the difference between raising debt and equity. You won't want to miss this episode!Devin Elder is a principal in 2,000+ units of multifamily properties. He is the Principal of DJE Texas Management Group which acquires, redevelops, and manages single-family and multifamily investments in San Antonio, Texas. Show Notes:3:30 Devin shares his background in music and how he shifted his focus to real estate after working in the corporate world. 8:26 We discuss Devin's first real estate and how he 10x'ed the process. 14:45 Devin talks about how small investors can get into multifamily deals. 19:49 We discuss the changes of working at a higher, larger-scale level. Also, we talk about how finding larger 100+ unit deals can be easier since most are through brokers. 26:57 Devin shares tips to scale quickly and take on larger deals. 31:50 We summarize the steps you need to take before talking to brokers. 35:13 We discuss the differences between equity structuring and private money. We also talk about who to raise capital from and why it is important.42:04 Devin shares why working with partners is beneficial and how to find partners.47:25 We discuss Devin's biggest business-related failure. 52:28 Devin shares what he would do differently if he was starting his business again. CONNECT WITH AXELhttps://www.instagram.com/multifamilywealth/?hl=enhttps://www.linkedin.com/in/axelragnarsson/Download my investor toolkit (cash flow calculator, investor pitch deck, scope of work template, and renovation checklist) here.CONNECT WITH DEVINhttps://www.linkedin.com/in/devinelder/https://djetexas.com/

Executing your business plan is not always easy as many variables can derail your initial course of action. Today’s guest, Devin Elder, knows the importance of sticking to your guns and has seen firsthand the benefits of persevering with a tried and tested investment thesis. In this episode, Devin sheds light on his company, DJE’s business plan, their desired ROI on money spent on interiors, and the asset classes they invest in. While doing heavy value-adds may not appeal to all operators, for Devin, it’s a chance to be creative. We also touch on systems and how software has helped the businesses streamline their processes for optimal efficiency. Along with this, Devin shares some wise words as well as a look at what his asset management superpower is. Tune in today!Key Points From This Episode:Hear about Devin’s background, where he’s based, and his current investment focus.Devin’s most frequently implemented business plan for apartment purchases.Why dealing with people is the most challenging part of executing a business plan for Devin.The double-edged sword of big value-add deals: Opportunity versus challenge.Why Devin has not veered too far from his workforce housing investment thesis.The role that software automation plays in being able to execute a business plan.Two pieces of advice Devin would give his younger self.Find out what Devin’s asset management superpower is.Tweetables:“We’re looking for a substantial component of units that haven’t been renovated that we can go in, update, and see an ROI 20% or better on an annualized basis.” — Devin Elder [0:02:15]“Real estate is easy, people are hard.” — Devin Elder [0:02:33]“We are scared of the unknown, right? And it looks scary at night when you can’t see anything and in the morning it is silly that you are scared of it. So, you have to get the other side of that fear.” — Devin Elder [0:09:29]Links Mentioned in Today’s Episode: The Garzella GroupDJE Texas Management GroupDevin ElderGary KellerAPT Capital GroupAPT Capital Group on YouTuberedIQPassive Income Through Multifamily Real Estate Facebook Group Free Call with Kyle or Lalita

Devin Elder is Founder & CEO of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio, Texas. Since 2012, the firm has completed hundreds of successful investment projects including several full cycle multifamily investments. Devin is a Principal in over 2,000 doors of multifamily.Connect with Devin:website: https://djetexas.com/

Welcome back to the show faithful listeners. Steve is joined today by a special guest who started out like a most people do but has grown into a true real estate power house. Devin Elder is a Real Estate Operator/Syndicator and Podcaster who started off humbly in the industry but after finding a mentor and joining a group of contemporaries has blossomed into someone who has gained financial independence through real estate. Are you in a place that makes you think that you could never get out of the rat race? Listen to this show and see if you can see yourself in Devin.Please remember that Steve loves answering your questions! All of the emails that go to AskSteve@GetRealWealth.com are received and answered by Steve himself so go ahead and limber up those typing fingers!

Its mindset! Devin tells us about how he evolved from single family into syndication and grew his portfolio in San Antonio at a reasonable pace to 2,000 units due to the scalability of multifamily. Find him at djetexas.com

Its mindset! Devin tells us about how he evolved from single family into syndication and grew his portfolio in San Antonio at a reasonable pace to 2,000 units due to the scalability of multifamily. Find him at djetexas.com

Too many people stay in what they think is security while giving up their freedom. That’s what drove today’s guest, Devin Elder, Founder of the DJE Texas Management Group. Devin is a principal in a number of Real Estate investment companies and owns a portfolio of over 2,000 units of multifamily investment properties through syndication. He has been a featured guest on some of the world’s leading investment podcasts, Business Insider, and various television programs discussing Real Estate investing.Let’s jump right into Devin’s story and learn how the desire for freedom pushed him to persevere and find success. [00:01 - 10:42] Opening SegmentLet’s get to know DevinDevin gives us a bit of background on his story The desire for financial independence using the tool of Real EstateDevin’s mentors[10:43 - 16:11] Don’t Let the Failure Count Against YouDevin talks about his high-level activities at the startDevin’s process getting into multifamily [16:12 - 23:39] The Desire For FreedomDevin talks about the mindset you need to pursue freedomDevin talks about the process and strategy he uses to create success [23:40 - 28:16] Getting Your First Deal How Devin chooses the right deal and trusted partners[28:17 - 38:56] The Right SystemsDevin’s high functioning business methods The tactical systems you should use as a passive investor - the 3 themes[38:57 - 49:18] Closing SegmentDevin’s driving philosophy in growing a businessConnect with Devin and support his other projectsLinks belowFinal words from Devin and Me - connect with us. Tweetable Quotes:“I think any success that I’ve had is just an ability to persevere.” - Devin Elder.“Anything publicly that you see that is a success, there is an equivalent challenge that you don’t hear on the other side of it that you probably don’t hear about.” - Devin Elder.“I’m willing to completely give up security in order to pursue freedom.” - Devin Elder. Resources:DJE PodcastApartment Educators CourseThe DJE Foundation ------------------------------------------------------------------------------------------Connect with Devin on LinkedIn, @DevinElder. Visit https://djetexas.com/ to learn more. Guest Email: hello@devinelder.com Connect with me:https://www.5tcre.com/FacebookLinkedInInstagramWatch 5T CRE on YouTubeLeave us a review and receive your free ebookEmail us --> abel@5tcre.comSupport the show (https://www.buymeacoffee.com/5Talents)

In this episode, Devin Elder, Founder of DJE Texas Management Group LLC, walks us through his transition from a corporate job to single-family investing to large commercial multifamily investing and how he has acquired over 2000 units. FREE DOWNLOAD: Fast-Start Investor Toolkit --> https://www.apartmentinvestingjourney.com/free-tool-kitKEY TOPICS:2:15 - What Devin was doing before real estate and how he got into the business3:35 - the importance of going "all-in"5:05 - the importance of networking with people who are doing what you want to do6:30 - how he made the jump from the corporate world and what were the steps that he took12:22 - how a mastermind group was critical in helping him to build relationships early on15:05 - the importance of knowing your goals and where you want to end up16:42 - his suggestion for 3 steps to carving a path into multifamily investing.19:45 - how bringing on a partner in his residential business freed him up to scale his multifamily business21:45 - how he's built his team over the years and what does it look like today23:15 - why he started a property management company26:45 - what markets he operates in and his thoughts of investing with an out of state deal29:15 - The importance of local knowledge31:15 - The biggest mistake he made that we could all learn from32:45 - what's the biggest win you've had on your journey32:30 - what's the best advice you have for someone looking to get into the multifamily space. KEY QUOTES:"I believe in paying for shortcuts... getting out there and doing it without a mentor is super risky""Multifamily is almost easier in some ways. Flipping houses is definitely a one-man show. Multifamily is so big it requires a team and functions more like a real business."ABOUT OUR GUEST:Devin Elder is sole owner of DJE Texas Management Group LLC, which manages all aspects of acquisition, repositioning, and sale of single-family and multifamily properties in Central Texas. DJE Texas Management Group has successfully completed over 200 Real Estate renovation projects since 2012, with renovation budgets ranging from $10k to $1.2MM+. DJE Texas Management Group currently has an ownership interest in over 1,400 units of multifamily in Central Texas valued at over $130MM.Devin earned a Bachelor of Business Administration from the University of Texas at San Antonio, and has been married to his wife Amber since 2008. They reside in far North San Antonio with their three children.CONNECT WITH OUR GUEST:Website: https://djetexas.com/CONNECT WITH US! Visit our Website: https://www.apartmentinvestingjourney.com/Connect with us on Facebook: https://www.facebook.com/apartmentinvestingjourney/?modal=admin_todo_tourFollow us on YouTube: https://www.youtube.com/channel/UCpmNIzpEzxGn5ZuNgjAVV-w/featuredFollow us on Instagram: https://www.instagram.com/apartmentinvestingjourney/Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/apartment-investing-journey/id1464256464LOVE THE SHOW? PLEASE SUBSCRIBE, RATE, REVIEW & SHARE!

Devin Elder, owner of DJE Texas Management Group LLC, joins us this week. Devin has successfully completed over 200 Real Estate renovation projects since 2012. He has ownership interest in over 1,400 units of multifamily in Central Texas valued at over $130MM. Devin is also the host of the DJE Podcast, a weekly show interviewing the top commercial real estate experts in the world.

Developing a successful multifamily investing company starts with education and surrounding yourself with the right people. Buying and managing apartments is at the core of any integrated multifamily business, from there it can be expanded into complementary endeavors. Devin Elder understands this as much as anyone. Devin was a guest back on Episode 60, where he shared insights and key metrics for investing in the San Antonio market. Devin is the managing partner of DJE Texas Management Group.    Since we last spoke to Devin, he has elevated his portfolio, developed his own in-house management company, created his own podcast, and launched an apartment investing coaching business. His decision-making process to add these endeavors centered around solving pain points. The property management company was a desire to be more profitable and retain more control over his properties. The podcast allows him to connect with and learn from other investors and expand his perspective. The coaching program allows him to help individuals in a structured method beyond a coffee chat.     With all of these initiatives, Devin has created an integrated apartment investing company with complementary divisions. These business arms allow him to help more people, continue growing his business and still explore new opportunities. During our chat, Devin goes into more detail on building a complementary business, an update on the San Antonio market, and why he started investing in raw land - and buying pet zebras.    Partner: 1 Question Marketing Survey for New Event   Key Takeaways   From corporate America burnout to SFR to flipping and finally to multifamily investing San Antonio Texas Market: The 7th largest metro in the country.  Vertically integrated: Private equity company running the investments as well as the operations company running the day-to-day operations The pros and cons of working with third-party property management companies   I make decisions based on a pain point that needs to be solved   The key questions to ask before starting and running a property management company (it’s about time and money) How Devin and team grew their business quickly  The unexpected benefits of producing a podcast    Doing a podcast, you get to learn so much through awesome conversations, with different viewpoints, with successful people around the world.    What to evaluate if you’re thinking of starting a podcast Apartment Educators: How to set up a system to effortlessly run a coaching business to help others as an additional source of revenue  The different levels of fulfillment one receives from guiding and educating others as a coach and/or mentor How to vet a coaching student, enabling a win-win situation    If you have a student who is intelligent and motivated, but all they are missing is some guidance, it’s a lot of fun and super rewarding to work with those people and see them move their career forward    How to weed out those coaching students that will not benefit from your services The multifamily opportunities in the San Antonio, Texas market and how to take advantage of them   Partner: Download our Sample Deal Package Bullseye Tips:   Apparent Failure: Invested $100K hard earnest money on a deal that he had to walk away from because of COVID, but that set him up to be ruthless about their expenses   Digital Resource: Slack (chat messaging)   Most Recommended Book: The Millionaire Real Estate Investor (Gary Keller)   Daily Habit: I write my thoughts down every day to clear my mind for the day.    Wish I Knew When I Was Starting Out: It’s all going to be alright   Current Curiosity: Rural land business    Contact Devin: DJE Texas Management Group  The DJE Podcast Apartment Education Coaching  

I had the pleasure of speaking with real estate entrepreneur, and the founder and principal of DJE Texas Management Group, Devin Elder.Let's jump into Devin's story and get expert advice on how you can switch from single-family to multifamily real estate.[00:01 – 03:23] Opening SegmentDevin Elder talks about his background and how his journey beganSpent about ten years in corporate AmericaWanted to be an entrepreneur (pursued real estate)[03:24 – 10:11] From Flipping Houses to Apartment BuildingsWhy did you switch from flipping houses to apartment buildings?"I'm real big on learning."Have there any been issues with running your apartments?"I absolutely had stuff go wrong, still goes wrong, every day."[10:12 – 18:48] Devin's MisstepsDevin shares some of the problems they faced in their companyAs entrepreneurs, there are times that you just have to take the leap[18:49 – 24:53] Scaling His Multifamily PortfolioHow big was your first apartment?Devin talked about his approach when he switched to multifamilyDevin talks about the mindset to become successfulShares some actionable advice that you can apply in your life[24:54 – 30:15] Closing SegmentDevin gives powerful words of wisdom that you don't want to miss!What does it mean for you to be all in?Devin reflects on how he was able to reach where he is now Tweetable Quotes:"My default assumption is, somebody's gonna try to steal from me. Somebody's gonna not pay rent. Somebody's gonna quit on-site. And when those things happen you go, ‘Yup, I expected that. It's figuring out how to put in a plan that can deal with all those things’." – Devin Elder"I think that's important for passive investors to understand: there's a lot of dollars in this business. Pro and Con, right? There's a lot of money to be made, but guess what? There's a lot of money to be spent and a lot of operating capital to float too." – Devin Elder"Anything that man can conceive and believe, he can achieve." – Devin Elder You can connect with Devin on LinkedIn. Visit his website https://www.devinelder.com/. Check out DJE Texas Management Group’s website for more information on real estate investment opportunities. Listen to his podcast, The DJE Podcast. LEAVE A REVIEW + help someone who wants to learn more from mistakes and missteps by sharing this episode or click here to listen to our previous episodes.If you are interested in getting into multifamily or scaling your current business, hop over to our website myersmethod.com to grab your free four-step guide on how to get the ball rolling!Support the show by following our Facebook Page (https://facebook.com/groups/157335752156211)Support the show (https://www.facebook.com/groups/157335752156211/)

Many of us probably had some big goals set for 2020, but the unforeseen pandemic has meant that we have had to rethink some of those targets. Today's guest, Devin Elder, of DJE Texas Management Group, has taken the pandemic-related shifts in his stride and joins us to shed light on how they have navigated these turbulent times. We begin with a catchup, where Devin fills us in on developments since his last appearance on the show. We then dive into how DJE mitigated the effects of the crisis.Our gracious sponsor: A Cost Segregation Study typically generates accelerated depreciation deductions ranging from 15% - 45%; Whether Commercial Real Estate was acquired, built-new, or renovated over the past 15-years, a Cost Segregation Study can still be performed…and there's no amending of past tax-returns required; All Cost Segregation Providers are NOT created equal…if your Provider does NOT have a Certified Cost Segregation Professional (CCSP) on-staff, then you're at higher risk of a failed IRS audit; There are ONLY (43) Certified Cost Segregation Professionals (CCSPs) in the entire United States…(8) CCSPs are employed by Bedford. Visit www.bedfordteam.com

Devin Elder is a San Antonio, Texas, native & Real Estate entrepreneur. He worked for Rackspace, Acelity, and a handful of other small tech companies in Sales, Management, and Operations roles before founding DJE Texas Management Group and transitioning full time to Real Estate entrepreneurship. He is Founder and Principal of DJE Texas Management Group, a San Antonio based vertically integrated multifamily investment firm with 2,000 doors.Today, Devin Elder is a principal in a number of Real Estate investment companies and owns a portfolio of over 600 units of multifamily investment properties. He has a broad network of experienced and trusted advisors, attorneys, brokers, investors, and accountants that facilitate the continued success and growth of DJE Texas Management Group. During downtime, Devin enjoys travel, family time, and is an avid reader, golfer, and musician.

Devin Elder is a Real Estate entrepreneur and San Antonio native with a proven track record of repositioning properties, delivering quality renovated housing products to market, and delivering consistent double digit returns to investment partners.  Devin has extensive experience acquiring distressed properties, managing renovations, raising private capital, and managing single family & multifamily investment property. Other investments include a vacation rental in Downtown San Antonio and passive multifamily investing. Devin began investing in Real Estate in 2012 and has grown revenue and profit every year since. Prior to his Real Estate investing career, Devin managed Sales Operations for 650 sales reps at a $2B medical device company headquartered in San Antonio. Previous corporate experience includes Sales & Management at Rackspace, a $1B+ technology company headquartered in San Antonio, Texas. Devin Elder is sole owner of DJE Texas Management Group LLC, which manages all aspects of acquisition, repositioning, and sale of single family and multifamily properties in Central Texas. DJE Texas Management Group has successfully completed over 200 Real Estate renovation projects since 2012, with renovation budgets ranging from $10k to $1.2MM+. DJE Texas Management Group currently has ownership interest in over 1,400 units of multifamily in Central Texas valued at over $130MM. Devin earned a Bachelor of Business Administration from the University of Texas at San Antonio, and has been married to his wife Amber since 2008. They reside in far North San Antonio with their three children. Mr. Elder is the host of The DJE Podcast, a weekly show interviewing the top Commercial Real Estate investment experts in the country, and is himself a regular expert guest on the top multifamily investment podcasts in the world. Devin has a broad network of experienced and trusted advisors, attorneys, brokers, investors, and accountants that facilitate the continued success and growth of DJE Texas Management Group. During downtime, Devin enjoys travel, family time, and is an avid reader, golfer, and musician. On This Episode: Devin talks about watching his retirement company get cut in half during the recession. Hear why flipping single-family homes is not a long term plan for success. Discover the importance of having an amazing team. Key Takeaways: Get around people who are doing what you want to achieve. If you have a high W-2, don’t waste time on smaller flips. Partner up to avoid mistakes on deals. Tweetable Quotes: “You’ve gotta have equity in something in life.” “Don’t do something you can pay someone to do for way less.” Devin Elder: http://Djetexas.com (Djetexas.com) See acast.com/privacy for privacy and opt-out information.

In this episode, you will learn: • Devin’s brief background • What keeps Devin busy • Devin talks about his multifamily portfolio and other deals • What Devin thinks about opportunity zones • How Devin manages his income and expenses • What Devin does to stay active and healthy • Devin’s daily diet • The scariest decision that Devin has ever made • Devin’s top past and future greatest hits • Devin answers a random question from the GoBundance app • Plus, so much more! Devin Elder is a San Antonio, Texas, native & Real Estate entrepreneur. After graduating with a Bachelor in Business Administration from the University of Texas at San Antonio, he worked for Rackspace, Acelity, and a handful of other small tech companies in Sales, Management, and Operations roles before founding DJE Texas Management Group and transitioning full time to Real Estate entrepreneurship. Today, Devin Elder is a principal in several Real Estate investment companies and owns a portfolio of over 600 units of multifamily investment properties. Mr. Elder has been a featured guest on some of the world’s leading investment podcasts, Business Insider, and various television programs discussing Real Estate investing. When he’s not working on a Real Estate related project, Mr. Elder can be found golfing, playing guitar, playing with his three kids, and enjoying family time.

Devin Elder a Principal at DJe Texas Management Group has had a transformational career in real estate from single-family homes to syndicating large multi-family apartments and in doing this he was able to divorce himself from time in exchange for earning ability. This episode is sponsored by Audible.com: Read what's next. READ ANYWHERE. CANCEL ANYTIME. Grab your FREE audiobook TODAY!   

In this podcast, you will learn: How to deal with limiting beliefs about capital How to go from a soloprenuer to an entreprenuer Who to have on your team in multifamily How to leverage a loan broker as a resource and an advocate How to use a Property Management company How to use a Portal Ventor for Investor Relations How to eliminate, automate or delegate How to use a third party underwriting team How to have a zero overhead business How to utilize as-needed resources rather than having a payroll How to get in on Devin's deals if you're a beginner And so much more! You can connect with at: djetexas.com The DJE Podcast Raising Money Summit use promo code "PODCAST" to save money on your ticket. Sponsor: Think Multifamily (https://thinkmultifamily.com/podcast)

Devin Elder is Principal of DJE Texas Management Group, a San Antonio, Texas-based real estate investment firm with 1,100+ doors in Central Texas. What You Will Learn:   Why you don’t have to be a professional real estate investor to invest in property – and what the experts can do for you How to minimize costs and shift the burden of expenses off of your back Spotting a hodgepodge property and adding value to turn it into a good investment Why good properties attract good tenants – and how to handle bad tenants Establishing substantive client relationships to generate investor interest Devin’s strategies for creating value appreciation and safeguarding your property investments when the economy hits a downturn The necessity of having a “why” to motivate risk-taking and perseverance in real estate investment   Additional Resources from Devin Elder:   Website: https://www.djetexas.com   Additional Resources from Gary Wilson: My Investment Services Bronze Membership: https://edu.myinvestmentservices.com/bronze-level-membership My Investment Services Silver Membership: https://edu.myinvestmentservices.com/silver-level-membership

James:  Hi audience will come to Achieve Wealth Podcast, a podcast where we focus on value add commercial real estate investing. Today we have Devin Elder from San Antonio, to be part of our guests today. Devin Elder is principal of DJE Texas Management Group. Since 2012, DJE has completed more than 200 plus investment transaction and has an ownership stake in more than 1000 units just in multifamily in central Texas. Devin, why not you, tell about yourself, whatever I've missed out.  Devin: Hey James, thanks for having me on, appreciate it. There are a lot of details in there, a lot of ups and downs and learning and all kinds of things that go into these deals. As you know, I started out in the single-family world, same as you and I never really left it. I mean, I've been doing single family since 2012 and then a few years ago, was able to find a really great partner, a younger guy with a construction background and I was getting busier in multifamily. So I said, rather than just kill off this revenue stream in a single family, I would just bring on a partner, have him run it. And I and obviously my company too and we still run it, so we still do a lot of single-family but me personally, I'm focused about 90% of my time on the multifamily business, it's what I do today.    James: Okay, good. And you are a native San Antonio, right? Have you lived there for forever?    Devin:  Yeah, more or less. I mean, there are some times throughout my life when I didn't live here, for a few years here and there, but yeah, for the most part, I grew up here. I graduated from the University of Texas in San Antonio, went to high school here, the whole thing and now I'm trying to buy as much of it as I can. And it's really funny because there are areas in San Antonio, I'm 40 years old, so I'm going, man, for 40 years, this area is not good and now all of a sudden, the hipsters want to live there or whatever. So we're like buying these houses and selling these houses in areas that are coming up for the first time in my lifetime. It's really interesting to see, and you know how much it's changing here. I mean, you've got to frost tower downtown, you've got the Pearl massive development there, you've got cranes in the sky and in downtown San Antonio for the first time in a long time. It's good to see.  James: Yeah. Yeah. I remember my time when I started in real estate.  I'm from Austin, San Antonio. It's like one to one and a half hour drive. I mean we've got northeast one and a half hour drive and it's crazy on the price difference between Austin and San Antonio and the demographic difference.  I remember someone telling me because I was looking at deals in Austin and at that time deals in Austin was like, you know, when I look at single family homes and it was like 100,000, 120, in downtown, it's busy. And at that time, I had a limited amount of money when I started out, I only had like 50,000. I thought, okay, maybe I can buy two deals here but I want to grow very quickly.   And I went to talk to someone, he said, why not buy in San Antonio? I said, I'm not driving there for one and a half hour then. And then, at that time it hit me like a brick because hey, I'm just being lazy not driving that to buy more deals. I mean, you want success in life, you have to take that drive or drive one and a half hours, nothing. Then I look at the prices in San Antonio and I realized the amount of equity that I can generate. By buying in San Anthony, I can buy like six to eight houses there compared to Austin, which is like two houses.  Just because it's a lot more cash flowing deals in San Antonio, there's not much of appreciation play with the now things have changed, but it's just a lot of houses at that point of time, its a much larger city, more cash, was a lot of diversity there and that's why I started driving to San Antonio almost every day, not every day. I think a lot of times on the weekend, after work, we used to drive to go see houses and start buying houses there. So what'd you like about San Antonio? You have been there and what do you see in San Antonio that     Devin: Yeah, yeah. I mean, I like it. I've got a family and it's a great city to raise a family in and there are lots of family activities from a real estate investment perspective. Historically, we've been fairly slow and steady, right? So we didn't really see a big upset in values in 2008, it just kind of went flat for a little while but historically we haven't seen a tremendous amount of appreciation either. Just kind of slow and steady is the name of the game. That's heating up a bit in the last few years and it's changed, but still relative to markets like Dallas, Austin, San Antonio is still relatively quiet, relatively lower costs and some of these assets, especially like the multifamily stuff so that's good. I like this market and investing here for just kind of the long haul, just kind of slow and steady increase.   Really, we've got some good fundamentals in terms of employment. We're not wholly dependent on the price of oil or one sector; we've got a lot of military here, we've got a lot of medical here for sure. San Antonio is trying to get our tech sector ramped up and there are some local entrepreneurs and some of the guys that were a part of Rackspace and left Rackspace, are really doing a great job building technology companies and software companies here. It's very early stages, but I think in the future that does really well for San Antonio when we can start to grow some more technology companies here. So all of that is I think, trending well for San Antonio. And then just looking at the net positive migration numbers, right? How many people are moving to San Antonio.   We're still kind of a workforce housing town. Just because people are moving here doesn't necessarily mean that they're the super high wage earners or whatever. But it's a good metric that you look at when a lot more folks are moving here than leaving. And in the space we play in, workforce housing B and C multifamily, those folks are going to continue to need housing and it's really impossible to build a 1980 200 unit apartment complex, the only stuff that gets built is brand new. So there's kind of a supply constraint there, which I think plays well with the business model.    James: Got It. So yeah, often to San Antonio corridor, it's a huge growth corridor up from what I see. I mean, Austin with the high tech and the high cost of living a lot of people are going in between, Austin, Kyle Buda, San Marcos, New Braunfels, and San Antonio So it's just expanding in a huge way. And if you look at San Antonio, I think that's the closest city to the border, to Mexico; closest biggest city if I'm not mistaken. And the I35 is considered the NAFTA highway, which is good because that's a lot of business going between the US and Mexico. So what are you focusing on right now in real estate? Can you tell me your real estate focus now and we can go into the details?    Devin: Yeah, so I mentioned I've got the single-family business, which is very active. We do flips and things like that. We're building some houses, different things like that going on. But really, as I mentioned, my focus is multifamily. And really, we've got a really good team for all the parts of the business that happens; underwriting and acquisitions and asset management and those kinds of things. Me, personally, I'm really focused on the equity side and putting together equity for the projects that we buy and then the acquisition side. So really going out there and looking at every deal, underwriting every deal, touring every deal. We're focused exclusively on San Antonio. I mean, I've looked at some stuff. I own a property in Seguin now, which is about 45 minutes outside of San Antonio.  We look at properties in New Braunfels or San Marcus. I don't get up to Austin just because I haven't seen how stuff is going to pencil on the acquisition side up there. But also we're really busy in San Antonio. I'm looking at as much stuff right now as I'm happy to be looking at and touring and underwriting just by focusing in this market. So really we're looking for stuff that's over 100 units, 150 plus units, that type of thing that we can buy and do some kind of capital improvements; four, five, six, $7,000 a door of capital improvements. And that kind of run the gamut from just deferred maintenance to sprucing up the outside of a property. Maybe there's a rebrand or maybe there's kind of a management or operations issue, we can go in and fix. Something that we can go in and create some kind of value. Because at the end of the day, it's all investor return driven. So when we look at deals really like the one thing I look at in our underwriting, it's what's the equity multiple over our whole period, you know, are we gonna be able to double people's money in five years? If not, then maybe that's something that we pass on. And then if you do that, if you look at the equity multiple of around two, then your IRR is typically going to be high teens and your cash on cash probably going to be somewhere in the seven to 10 range over the whole period. So the cash on cash numbers kind of work themselves out and the IRR, we're really just looking to see is there a way to add some value cut expenses, improve our rental income by making some improvements and so forth and just hold onto these things. We like a lot of sponsors, underwrite typically five-year-olds and just go in and execute the improvements over the first year or 18 months and then just kind of hang on to the properties and try and grow that portfolio.     James: Awesome. So what's your favorite value add strategy? I mean, I think you have given a lot of the value add deals, right? Why not you describe some of the few deep value-add deals that you guys have time done and we can go into a bit more details into that.   Devin: Yeah, yeah. There's a property right now that we're actually just kind of coming out of our cycle on, a pretty heavy lift and there was a lot of section eight in that property. And then there was also some weird units where they were calling them three bedrooms and four bedrooms, but it was really two one bedrooms on top of each other and they put a spiral staircase in between. And so that was kind of a weird deal where the property was originally built as a much larger property so we went and changed it back to the larger property, basically adding units and then changing it from an all bills paid property to none of the bills being paid by the property. And so that was a pretty drastic repositioning of that property where that's tough to do and there are a lot of moving parts. It's not like just going in and making some little improvements, it was like completely re-characterizing this property as a market property versus like a lot of sectioning that was in there.   So that part was definitely a challenge. Fortunately, we budgeted well for it upfront. A property like that you want to leave a nice fat contingency number in the budget because you can go through and get all your inspections done but we know in real estate, especially old stuff built in the 70s whatever it is, that there's just going to be stuff that comes up there. So you want to be well capitalized. Fortunately, I've been in construction for a lot of years on these single-family houses, I've seen absolutely everything you could imagine, where we just spent $100,000 renovating one house. So it's like we've seen and done everything and so none of this stuff really surprises me. It's just that on the apartments you gotta watch out for things like $100,000 plumbing bill that could come up if it's a really old property or different things where the rehab numbers just get bigger.  But yeah, as far as value-add strategies, I mean on that particular property there was a lot to do. The stuff we're looking at, it seems like lately more now it's really just about kind of doing some interior updates where you're putting in kind of the classic vinyl plank and two-tone paint and new fixtures and then doing what you have to do to the exterior. Or sometimes that's a rebrand. My favorite exterior thing is the solar screens because it might be like 10,000 bucks for a whole property and it like completely changed the look of the property. So I always want to put those on if a property doesn't already have them.    James: Yeah, that's interesting. I mean, I love the solar screen is just I've tried to kind of put it in my properties but haven't gotten a chance yet, but I know the money you spend, it really gives you the exterior look that is very nice, a very clean look, rather a very sharp look of the property.      Devin: Yeah, and then it hides the blinds and it hides all kind of covers a multitude of sins. So I like doing that where possible, it has a nice impact. And I think like aesthetically it has one of the biggest bangs for the buck. You know, if you try to go paint a whole building that's going to be like ridiculously expensive. And you know how much you can on that but it's tough sometimes.    James: Correct. So let's go back to that. A property where you have to do a country Gresham change, right? Because that's a major change, right? And changing from all bills to bills paid, that's another major change. And are you eliminating section eight people and getting into a conventional market as well?    Devin: Yes.  James: Okay. That's another big chase. So you're doing a lot of changes in that deal. So how long do you expect to turn around to stabilization?    Devin: Well, it took about a year to get it stabilized and we're there now, so that's changing the bills from all bills paid to nothing. And it was interesting because we didn't really factor in or underwrite like a big huge rent bump. Usually, sometimes you say, hey, we want to do $4,000 on the inside and that's going to be $100 rent premium and so I think that is like $1,200 a year divided by 4,000, you're getting a 30% ROI on your interior upgrade if you spend 4,000 and you get $100 rent from rent bump. That's kind of like a typical underwriting ROI exercise that you would do. On this property, we didn't see it on really the rent bumps. In fact, the rents didn't really change a whole lot. But we're taking about, something like $200,000 of utility expense off so it kind of almost doesn't matter whether you're raising rents are lowering expenses, it all drops to the NOI [16:09inaudible}    James: Correct. So you go into that building, let's say the broker takes you to the unit and how do you identify the opportunity?    Devin: Yes. So the opportunity on the utilities was just kind of at the first pass of the underwriting saying, hey, based on the location of the property and what we think we can spend and improve it and rebrand it that we can make this a market property. And then the opportunity to convert some units were actually on the first two or after like we'd done some underwriting and looked at it, and then we started seeing all these funky staircases. And first of all, they just look dangerous, right? I mean you don't see spiral staircases in properties and probably for a reason. And so once we figured out the original layout of the property and said, you know what, we're just going to take these out, add some units, it's going to be safer. We're going to change the unit mix because there'll be more one bedrooms on the property, but we're okay with that. And then a kind of underwrote that and said, hey, we've got a pretty low basis now if we're looking at it as 130 unit property and we're picking it up at this price then our basis is pretty low, we feel pretty good about going in and making those changes. But the conversion opportunity, we didn't discover it till we actually did some walk-throughs.    James: So what about the parking lots and parking spots because that can be a problem with the city, right? Because usually, they go by unit mix.    Devin: Yeah, for sure. Luckily the parking ratio was really very good, to begin with, because the property had originally been built as that higher unit count. So it wasn't like we were building new units on dirt and we're running in parking constraints, we're actually just kind of returning the property to its original setup. And so the parking ratio still is pretty good even with all those units.    James:  Okay. So the guy who you bought it from, he may be the one who had converted by making like, two one-bedrooms into two by twos, I guess?  He may have done that.    Devin: They had it for five or six years. I don't think it was them, it was some previous owner. Who knows how many times it's changed hands. I guess I could go look it all up, but it definitely wasn't the donor we bought from, who knows how long it had been in that state.   James: Okay. Okay. So that's very interesting. So what about on the interior side, is there are any unique value add strategy that you really liked to do that you think is the biggest bang for the buck?     Devin: Yeah. You know, you start to tour all these apartment units and see everything and it's like, man, do they start to all look the same, right? You got vinyl planks, two-tone paint, gray walls, updated fixtures and it's all kinda the same thing, resurfacing countertops so that's all kind of the same. One of my favorite things is those little metal pull bars, you can get them for like a dollar on Amazon. You order them a thousand at a time or whatever. Sometimes we'll re-phase cabinets, but usually, we'll just paint cabinets and instead of the little knob pulls, we'll do the pull bars; it costs slightly more but in the scheme of things, we're talking about a dollar per bar instead of maybe a quarter per knob and it just gives it a nice look. I really liked that look and it's really inexpensive. Another thing that we're doing in a property that we just bought is this stone back-splash and it basically just goes right on. So it's 3D, three dimensional, it looks really good, it looks expensive but it actually doesn't really cost us that much and we do it all in house. We use third-party property management, but the property just bought the stone cutter and they can just go in there and cut it and put it right on and it looks really sharp and that's a nice improvement versus like actually going in and putting in subway tile or something that's going to be a lot more costly.     James: Interesting. I've seen like where it comes in pieces, but are you talking about the whole thing coming together?  Devin: It comes in the 12 by 12 pieces, but it basically just sticks right on. So all they have to do is make the cuts.    James: Got it. Interesting, I need to check that out.     Devin: And I've seen like the mosaic tile stick on stuff, but I don't think that stuff's going to hold up for a while, this is more like stone and it goes right on.     James: Do you remember what's the name of it?     Devin: I don't, I could send it to you, but I don't remember off the top of my head.     James: And how much does that cost to do it?    Devin:  I think it should be costing us $150 to put in.     James: Yeah, that's really cheap, right? Just put it in at 150. A lot of people like the back-splash. And that's very interesting that we can put that in. And I know about the pull ball of the cabinet. That looks really nice as well.     Devin: Yeah, it's a nice easy upgrade.     James: Absolutely. Yeah. Got it. Got it. Got it. So is there any deal that you thought was not a good deal and you walked away and later you found out it's a good deal? And can you describe what you could have done to catch that opportunity?  Devin: You know, I feel that way all the time. You know, I underwrite a deal and then I maybe offer on it and the offer wasn't high enough and we lose the deal. And then I see a friend of mine buy it or something and I'm going, well, so they saw something in it, you know, I couldn't get it to work, but what did they see in it? Or like there was another deal that I was like way low on our offer price, I was like $2 million low on our offer price, which I was like, that's as high as I can get it to underwrite to. And then, I see it come out on crowd street and some firm California bought it and they were like super aggressive on their numbers.  And I'm going, man, this is a big firm, they have 5,000 units, I have to assume they know what they're doing and they're being really aggressive. And so, there's not a deal that I can point to, specifically, and say, oh, that was the one that got away because if we lose a deal, I just move on. I mean, we're looking at so many deals and touring so many deals that I don't really worry about it if we lose a deal, I mean, that's just the name of the game you're going to lose. My philosophy is you're going to lose most of the deals and that's okay. That's just the game. But I do see stuff that we look at and then somebody else buys it and sometimes I scratch my head and I wonder how they're making the numbers work.  So, a lot of that I think, unfortunately, is that we've just been in kind of this market where stuff's been appreciating. I mean, we see that a lot on the single family. Like we buy a project and then we rehab it and maybe we go over on the rehab budget, but in the six months it took us to buy to sell, there's been appreciation and it's like, wow, that's really good when it's working for you, but it's not always going to go in that direction. So I think we've seen a lot of that in multifamily and you have to be very cautious right now in this stage of how long we've seen asset prices increasing and just not assume that that's going to kind of continue forever.  James: Right. Yeah. So let's go to a bit more personal side. What do you think is your top three things that you have inside you that is your secret sauce in becoming a success in the business?     Devin: Yeah, I think early on, it was the absolute decision to make this a success. And by decision, you may have heard that the root word of 'decide' is to cut off, right? So it means to cut off any other alternatives. And I think looking back, it's easy to just say, oh yeah, I just made that decision but it's very extremely difficult in the beginning, getting started without really any money to get started or any knowledge or experience. It's not like my family has done this or I learned this from somebody that was close to me, it was really just going out and figuring it out.   So making the decision early on that this was going to be what I did and it was going to be a success and not being a dabbler. A lot of people want to kind of just try things out and I don't think that's the recipe for success in anything. Like it's more like a marriage. Like you commit to it forever. And so I committed to this early on and put everything I had into it in terms of my resources and my money and everything in it and it had to work right? And when it has to work, I think you find a way to make it work. So that the first one. And kind of the most important thing was just being very decisive about this being what I was going to end.....    James: When did you decide, was it when you were in school or when you're doing your W2 job?     Devin: Yeah. While I was doing my W2 job, I, I did my first couple of houses and I decided because I really wanted to get out of my W2 job and I didn't even know that real estate was going to be it, I just didn't want to work for somebody forever.     James: And do you have a triggering point that at that point where you decided, I'm going to do this full time?     Devin: Yeah. I was fortunate in my first career I worked at a really fantastic company and I had a great couple of years. And then after awhile, I started to get a little bit restless and I thought maybe there are better opportunities. And I started kind of moving to different companies, trying to find the next promotion or whatever. And then, I just kind of discovered after a few years of doing that, that it was the same everywhere I went, every company, it was just the same stuff I had to deal with. And somewhere along the lines I just really kind of discovered that I wasn't going to be happy unless I was an entrepreneur unless I was calling my own shots. So that was really the catalyst for me to say, I have to get out of here. My older brother is an entrepreneur, he has been his whole life and I have always appreciated the level of freedom he had, even if other things were crazy. Because as an entrepreneur, there's definitely some crazy stuff, like you have to be on board for that, but I'm definitely on board for, I think I'm just cut out to be an entrepreneur and now that I am an entrepreneur, I'm much happier. So it was finding that vehicle, I didn't know that it was going to be real estate, but I knew first I wanted to be an entrepreneur and then I figured out that real estate was going to be it.    James: Any other thing that you think is your secret sauce?   Devin: I think, finding people that are really good at things and giving them tasks. Because as an entrepreneur, you wear so many hats. It's really important for me to, once I figured out one little process that I give it to somebody else, right? Whether that's like editing my podcast or doing my underwriting, it's like I can do all these things but as a CEO of a company, I shouldn't be doing any of those, I should only be doing a handful of things. And I think it's very tempting for people to spend hours, let's say, underwriting a deal or pulling apart a financial statement on a T12 of a property. It's like, well, you can find really good people to do that, probably better than you, and then you can focus your time on other things.   So I'm very big on a dollar per hour activity and I keep spreadsheets and everything to track all this stuff of what are the highest dollar per hour activity, things that I can do and I need to find somebody else to handle all the other activities.     James: Awesome. Awesome. Is there any proud moment in your life where you think you are really proud of in real estate ventures?     Devin: Yeah, I mean, quitting my day job was a big one. I mean, I was very, very proud of that.     James: At the point of quitting or after a few years after quitting?    Devin:  No. Definitely just getting to the point where I had enough cash flow and everything to be able to quit my job. That was a very big step. I'm very proud of some of the renovation work we've done and this is like single-family and multifamily, but there are hundreds of properties in San Antonio that are like nice properties now because of the work we did, you know? And so we're not buying nice looking properties most of the time, we're buying properties and spending 1 million bucks on making them nicer. And so that's pretty cool to be able to do that. And that's having an impact, even a small impact, on the city that I live in and I love that.   And then now as I've been in business for a while, giving other people some opportunities, you know, whether that's some of the people that work in my business, giving them an opportunity through the company and giving investors an opportunity. So many of my investors you talked to, they didn't know they could put money into a deal like this and make this great return and not have to do any work. And it's like, people just don't even know that it's an option, you know? And so to be able to have people participate in that is really very rewarding. So I'm very proud of like the renovation work that we've done and we've raised and return millions of dollars of capital at this point and that it feels very good to be like a good steward of other people's money, I'm very, very proud of that piece, probably more than anything.     James: Absolutely. I think it's very fulfilling taking a distressed property and changing it. I mean we did a lot of single-family and now we're doing multifamily, but we remember one of the flips that we did, we bought like 42,000 if I remember correctly, and sold it for 140. But we also put like 40 to 50,000 into it but that was a complete change in the house and until now I can remember that house and how it was when we left it. And even when you're old, I'm sure I can drive by that place and say, you know, we flipped that house to look as nice as right now. So, yeah, it's very fulfilling.    Devin: Yeah, it is. I was driving around the other day and I was in this part of town called Beacon Hill, which is like this big up and coming area of San Antonio is kind of on a little bit northwest of downtown. And I don't remember what I was doing over there, I'd met somebody for lunch or something, but I said I'm going to drive down the street where I flipped a house and then I just drove by it, it was like two years later, oh, the house looks good. And I said, you know what, I flipped another one on the other street. And so I drove like four or five houses in that area that I flipped at some point over the last couple years. I said, hey, we did a lot of houses and you spent a lot of time and money and energy over here and it's cool.     James: Yeah. It gives you a lot of happiness inside you. I mean, what are the habits that you think that you have mastered or want to master that you think makes you a very successful entrepreneur?    Devin:  It's definitely systems. So I'm very naturally inclined towards putting together systems. So I like to figure out what a process is and cut it down, anything; whether it's the acquisition process on multifamily or any part of the business.  I like to figure it out, boil it down into stages and then within each stage, go down the steps. And then I like to really document the steps and to give them to other people. And that's really the key for me is I take a process, really spend time breaking it apart and then figure out every single little minute step. I have like a standard for creating training and that is I want to be able to take somebody who's walking down the street and pull them into the office, and if they can read and write, they'll be able to do the task the way that I'm training them, right? So very simple. And I think about McDonald's like as a good example, not that the food is anything great, but the systems are just tremendous, right?   Teenagers run McDonald's, right? It's a tremendously successful enterprise but the systems are so important. So I'm a big systems guy and that's kind of the thing that I'm always striving to do. Is anytime I'm doing something, I go, can I systematize this and automate this and give this to somebody else? And so, that's something that I'm focused on all the time. Now there are some things you can't, so like broker relationships, face to face time, things like that. Like there's no automating those things and that's okay but I want to automate and systematize everything else so that I spend my time, my very short time and energy on the most important things. So definitely just being disciplined about creating those systems and it's difficult but if you can be patient and create one little system or process and automate it and you extrapolate that towards the future of how many times this little task that takes me five minutes, if it's off my plate for the next thousand days, how much time is that going to save me? So I'm always kind of just trying to fine tune that and really segment all the pieces of the business and get them into the hands of people that are the right fit for whatever task or job it is.    James: Yeah. That's something that I'm learning to try to do as well. I mean, my wife and I, we are such a control freak in our business and we want to make everything perfect but it's basically impacting our lives. Because now we have to try to do everything. So as we grow big, right now we have like 30 employees. We recently hired people on the corporate side to help us and it is becoming much better now, but still, it does just take time to really give up that particular work to someone else. And the way to do it is to create systems and process and manuals and all that. So we are actually learning how to do that right now. So it is a very hard thing to do, especially when you grow from small to big. Unlike you go into a big organization, you already know everything is set up but now you're going from doing it yourself, but now you're to delegate to someone else and the understanding that the other person may not do it as how well you can do. And you have to understand that and live with it.    Devin: Yeah, it's a very tricky thing and that's business. It's tricky because you are an equity owner and you would do anything for the business. And then you've got somebody at $12 an hour that's just not going to, you know, if you gave them half the company, they'd work as hard as you but you're not giving them half the company. You can't give everybody half of the company equity that's not how it works. So the way I try to approach that is just creating really, really clear training. One of my assistants is overseas and it was very frustrating for me at first to work with her because I couldn't just like say, here's the problem, just deal with it. She just didn't have that skill sets and just fix it. But I started really creating very specific training on step by step, by step by step. And not only did that make it easier for me to understand the process, but it made it easier for her to understand and everybody was happier.   And so, we use something that a friend of mine turned me onto, it's called Loom and it's a browser extension and for recording little videos. And so there are hundreds of videos in my organization for how to do everything. And so that allows me to kind of give it away and if I sign a task to somebody or there's an automated task, it also includes a link to the training. So if they haven't done that task in a month, they get the task but Hey, there's also a link to a three-minute training, which anybody could learn for that little task.  And over time, instead of like building a operations manual, which to sit down and write would be murder, right? It would just be awful to sit down and write the whole thing. I basically have built the operations manual one tiny task at a time and put it all in a spreadsheet that's by the system, right? Whether it's the accounting system or the marketing system, whatever it is. And so there's this whole library of content basically to how to do just about anything in the business. And so it's been a hard process getting all that going. But, again, the freedom that comes from--it's still me dictating, this is exactly how I want this thing done; I set it up and then transferred over to somebody else, one little task at a time and just have transferred hundreds of tasks over a few years of doing that.   But yes, it's difficult because nobody's going to do it as well as an owner or cares as much as an owner, but there are just inherent limits there.     James:  Yeah, absolutely. Absolutely. Let's go to another one more topic. Let's say a Newbie who wants to walk your path and be very successful in real estate, single family flips and now into multifamily; what are the 3 to 5 advice that you would give them to get started in this hot market?     Devin: Yeah, it's definitely a hot market. I would say, the number one thing is don't try to do this yourself. Like all yourself, there's too much, right? I mean, this is a business like any other business and you wouldn't try to just go open up a dry cleaner and say, hey, I have zero experience in this business, but I'm going to go open a dry cleaner and it's going to make money, right? There are too many things you don't know.    So like in multifamily, the underwriting, the broker relationships, raising capital, asset management, renovations, all those things are like big topics, where there are lots of variables and you're not just going to learn that stuff overnight. So I think somebody who wants to get in, don't try to do it yourself, but you can partner with somebody that's done it and try to add value to them and be a part of a larger deal. That's kind of from where I sit now, what I wish I would've known kind of earlier on, that you can partner with somebody on a bigger deal in various ways. You've got to be able to add some kind of value to somebody that's further down the path. And if you can do that, then you can get on a larger deal, but you don't have all the responsibility on that project and then you can get in that world and start learning through doing. Because I think we really do learn through doing. And so, that's kind of what I would recommend is, don't assume you have to go out and do it all yourself because I think that's just a recipe for frustration and potentially, for disaster.    James:  Awesome. Awesome. If there any funny stories from residents or tenants that you want to share with the audience?     Devin: There are so many.     James: Choose the funniest one.     Devin: Ah, this is sad. Sad, but funny. So we're doing this project that was like, oh, crazy turnaround project, right? Like 15,000 a door renovation. Crazy. So there's something called a writ of possession and so when you evict somebody, you go to court. And I was actually doing this on this property. I use third-party management now, so I don't go to court and evict people, but I've done that over the years, I've done all of it. So we evicted this guy for nonpayment and that's just how it goes, you don't pay, you can't stay, it's not a charity we're running.    James:  This is Texas and it's landlord friendly.    Devin:  Very landlord friendly. So anyway, we go, we evict this guy, he doesn't move out, whatever and he's got stories. And so finally we get to sink all the writ of possession we filed, the bear county sheriff comes out and they stand outside for an hour. They don't touch anything, but they just stand there to make sure nothing like violent happens. And so we get the crew in and we start moving this guy's stuff. So they opened the door and the guy who'd been like completely combative and everything, he opens the door, the sheriff is there, he's got a neck brace on and he's like, Oh man, oh he can't, he's wearing this neck brace. And I'm like, I've never seen this guy in a neck brace. Right? So the guys move everything out on the lawn and as soon as the sheriff leaves, he walks out on the steps, pulls the neck brace off, starts smoking a cigarette, right? The neck brace was totally just a prop for sympathy. Who carries a neck brace around just to have it for sympathy? And I was like, ah, man!   There's a lot of stories like that. Like, we're buying properties that are, a lot of times, beat up but at the end of the day, you can't have any business' product for free if you're living somewhere, you need to pay for it and that's, how it goes. So a lot of stuff like that for sure.    James: Interesting. Interesting. Yeah. I think that's it, Devin. So why don't you tell about yourself and how can the audience reach you, in case they want to reach you and where to find you best.    Devin: Yeah. Yeah. So we've got all kinds of stuff online and content and stuff like that out there. The easiest way is through the main company website, which is djetexas.com. So that's Delta, Juliet, Echo, texas.com. And if you hit the website, you'll see links to everything else and in a way to if you want to schedule a 15 minute call with me and learn about this stuff or you want to take the next step in this career for yourself, whatever it is, I'm happy to chat with people. So that'd be the best way is the website.    James: Awesome. Thank you for joining us today, Devin, and for all the audience, thanks for joining us. You can always join us into our Facebook group. It's called Multifamily Investor's Group. It's like almost 700 people right now, within one month so join us. And there's a lot of very meaningful discussion happening about multifamily, and we'll talk about other business issues as well over there, but join us today and thanks for joining today for the podcast.     Devin: Thanks, James.    James:  Bye Bye. 

Edified Equity Podcast Episode 57: Interview on the DJE Podcast - We discuss private equity, education platforms, & the Marathon Approach Show Notes: Welcome to the Edified Equity Podcast! My Name’s Dino and Here we will focus on all of the unique Benefits associated with being a Passive Equity Investor in an Apartment Syndication. You can learn more about, and follow, us on the Web, iTunes, Stitcher, FB, YouTube, Twitter, Linkedin, Instagram, & our Award Winning Blog on Bigger Pockets. All associated links will be in the show notes. If you Find this information Helpful Please Subscribe, Like, Comment, Rate & Review! Associated Links! Edified Equity Website: http://www.edifiedequity.com/ Edified Equity Podcast iTunes: https://apple.co/2EUPjvE Edified Equity Podcast Stitcher: http://www.stitcher.com/s?fid=185852&refid=stpr Edified Equity Facebook Group: https://www.facebook.com/groups/MultifamilyPassiveCashFlow// Edified Equity YouTube Channel: https://www.youtube.com/channel/UCiTMeHhVXIMgCujDzXTxkww Twitter: @EdifiedEquity LinkedIn: http://bit.ly/2EMd0WK Bigger Pockets Blog: https://www.biggerpockets.com/blogs/10726-benefits-multifamily-passive-investors Edified Equity Podcast Episode 57: Interview on the DJE Podcast - We discuss private equity, education platforms, & the Marathon Approach Dino Pierce, CEO of Edified Equity, joins us to discuss the growth of his private equity company and education platform. DJE Texas Management Group & Devin Elder, I had a great time & enjoyed our conversation. I sincerely thank you for the invitation and opportunity. I’m hoping your listeners enjoy and get a few takeaways that benefit their businesses & lives. I hope you found this information helpful. Whether you are here for the education, entertainment, or If you, or someone you know, has a problem finding the right place to invest their money - please help them by sharing this info. I don’t have anything to sell BUT I AM on a mission and I will be delivering quality, consultative, educational, content on a routine basis! Thanks for Tuning in- Make it a great day - you certainly deserve it! This is Dino Pierce CEO of Edified Equity Signing off - Goodbye #biggerpockets #leadership #business #podcasting #relationships #multifamilyinvestments #impactinvesting #trust #costsegregation #apartments #syndication #equity #directinvestments #cashflow #appreciation #taxshelter #solo401kinvesting #selfdirectedira #passiveincome #alternativeinvestments #highnetworthindividuals #familyoffice #generationalwealth #trusts #privatemoney #privateequity #duediligence #realestate #realestateinvestor #realestatelife #realestateinvesting #legacy #legacyplanning #ROI #multifamily #multifamilyinvesting #investing #investor #investment #entrepreneur #entrepreneurlife #entrepreneurship #hardassets #apartments #apartmentinvesting #financialfreedom #gratitude #CIO #cheifinvestmentofficer #singlefamilyoffice #multifamilyoffice #wealthmanagement #RIA #billiondollarfamilyoffice #edifiedequity #bonusdepreciation

Devin Elder formed his San Antonio based real estate investment company in 2010 and currently owns over 1,000 doors. He's also the host of the DJE Podcast. Connect with Devin Elder: https://www.devinelder.com Connect with Seth Ferguson: http://www.SethFerguson.org http://www.ALBACapitalGroup.com

Today we chat with Devin Elder who is based out of San Antonio, TX. Devin is a former corporate sales leader who has turned full time investor. Ever since he got into the corporate world he was looking for an alternative. Devin eventually found real estate investing and slowly worked his way up from single family homes into larger multifamily properties. After a handful of these large deals Devin took the plunge and left his full time job. Listen in and find out exactly how he made it happen!  

On todays episode of the “Real Estate Nerds” Podcast Scott is joined by Devin Elder, real estate investor and owner of DJE Texas Management Group. Scott asks Devin about his “Best Deal” and Devin does a great job going into a lot of detail about the process of deal making. Devin also shares how he […]

Devin Elder is the principal of DJE Texas Management Group. Since 2012, the company has completed hundreds of real estate investment projects and currently owns over 1,000 doors in Central Texas. After starting his investing career in single family rental real estate, he quickly scaled the business. To date, he has completed well over 100 acquisitions and has ownership interest in over $70MM+ in single family and multifamily Real Estate in Texas. Devin has also been a featured guest on the top Real Estate Investing podcasts in the world. In today’s episode we talk about how successful entrepreneurs keep getting kicked in the teeth and continue to keep getting back up, breaking down OPM, OPT, and OPK (and what exactly those mean - you will really want to know, I promise you), and how to reverse engineer your goals and create systems to work on your goals daily. !! Get entered to win a $50 Amazon gift card by signing up to our Email Newsletter at www.evanholladay.com !! Books Recommended by Devin: Willpower Doesn't Work: https://amzn.to/2TfWO7N Devin's Website: www.djetexas.com Devin Elder on Facebook: www.facebook.com/djetexas Devin Elder on LinkedIn: www.linkedin.com/in/devinelder Leave a review for Monumental on iTunes: www.bit.ly/eholladay Intro/Outro Music by The Pass: SoundCloud: www.soundcloud.com/the-pass/tracks sonaBLAST! Records: www.sonablast.com/ Subscribe to the podcast and emails from Evan: www.evanholladay.com Follow Evan on Instagram: www.instagram.com/evanholladay Follow Evan on Facebook: www.facebook.com/EvanHolladay Follow Evan on Twitter: www.twitter.com/EvanHolladay Contact Evan: www.evanholladay.com

Devin Elder presents “The Ideal Investment” live with CPA Ed Guerrero  

Dan interviews Devin Elder with DJE Texas Management Group to discuss how they were able to acquire a 106-unit multifamily investment that built in 1974. This apartment investment was purchased for $5.25MM with $920,000 in capital improvements with the addition of 24 units to make this a 130-unit property.

Dan interviews Devin Elder with DJE Texas Management Group to discuss how they were able to acquire a 106-unit multifamily investment that built in 1974. This apartment investment was purchased for $5.25MM with $920,000 in capital improvements with the addition of 24 units to make this a 130-unit property.

Devin Elder teaches us to think about the who before the how, narrow our focus and to have a vision for your life, don’t focus on chasing the money in your bank account. He also talks to us about the power of just getting starting. Devin Elder is a multi-family syndicator in San Antonio, Texas. Starting with one single family rental, he scaled that business to over 100 projects and has since shifted focus to multifamily. He is a principal in over 750 units in Central Texas. Book: 4 Hour Work Week by Tim Ferriss Rich Dad Poor Dad by Robert Kiyosaki You can connect with Devin Elder: djetexas.com This podcast made possible by our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars. Connect with Pillars Of Wealth Creation on Facebook: www.facebook.com/PillarsofWealthCreation/ Subscribe to our email list at www.pillarsofwealthcreation.com Subscribe to our YouTube channel: www.youtube.com/channel/UCkg8HggkdPAuBaAQySJSEQQ

In this episode, Whitney interviews Devin Elder, Principal, DJE Texas Management Group. Devin shares his business philosophies that has helped him syndicate 778 properties in Central Texas. Why does Devin prefer to invest in properties with good cash flow? What is a recommended course of action for inexperienced syndicators who wish to learn the ropes of the business? We also share how you can find and build a fruitful relationship with an experienced mentor. Tune in to this information-packed show now!

Visit ToughDecisions.net for complete show notes of each podcast episode. In this episode, we welcome Devin Elder, the principal of DJE Texas Management Group and a multi-family real estate investor in San Antonio, Texas. Listen to Devin as he shares his toughest decisions in business, including how he held on and lost to a property when he should have just let it go, and the lessons he learned through that experience.

Visit ToughDecisions.net for complete show notes of each podcast episode. In this episode, we welcome Devin Elder, the principal of DJE Texas Management Group and a multi-family real estate investor in San Antonio, Texas. Listen to Devin as he shares his toughest decisions in business, including how he held on and lost to a property […]

Download This Awesome Podcast: http://bit.ly/2Q8KIsF WHAT ARE WORDS THAT YOU LIVE BY? “Make everyday a good last day.” Devin believes to let business be business and keep family time seperate. Don't interrupt family time with business, keep your emails and work tasks for work hours. Starting off in investing Devin recommends having a mentor is the way to go for your first deal, just to have someone guide you through. During his first investment he lived by BRRRR: Buy, Renovate, Refinance, Rent, Repeat. No new ideas, is another great phrase to live by! Investors are successful for the same reason, so follow suit, make the jump and prosper.  During his first investment looking back now, Devin wishes he had a better understanding of syndication models though, he wouldn't change anything, he has no regrets! Thank you so much Devin for all your value! To find out more about Devin contact: hello@devinelder.com  -- Thank you for listening and please give us a 5 star rating and review if you like what you here:  rate our podcast. You are welcome to join our REI Foundation podcast group here. To check out more of our podcasts, click here.   See acast.com/privacy for privacy and opt-out information.

A native of San Antonio, Texas, Devin Elder was inspired to become an entrepreneur after observing his business-minded brother. Before fulfilling that dream, he started a corporate career in a handful of small tech companies in San Antonio as a salesperson. Those roles provided invaluable sales skills, which helped with his real estate investments. After some insightful reading, he realized the need to create passive income which led him to the world of real estate. He founded DJE Texas Management Group which now consists of a portfolio of 670 units. On this episode, he breaks down the San Antonio market and shares key metrics to consider in multifamily investments, transitioning from single-family to multifamily successfully, and leveraging networks.     Key Market Insights   A San Antonio, Texas native Worked in various small tech companies as a salesperson Developed a passion for entrepreneurship from observing his brother Realized the importance of passive income after reading  The 4-Hour Workweek and Rich Dad Poor Dad Purchased his first investment property in 2012 in San Antonio, which is a single family rental on the Southeast side of town Started raising capital for single-family projects, then transitioned over to multifamily which was his end goal Bought a 6-unit property to kickoff his multifamily venture, which he has snowballed into a portfolio of 670 units Win single-family investors to multifamily by building relationships and educating investors well Key tip: Leverage someone else’s credibility when first starting out (property manager, mentor, contractor, etc.) 3 Key Metrics in Multifamily Investment: 1. Landlord friendly, growth, affordability San Antonio Market: Easy and simple eviction process, diversity in employers, average 67 people move a day, sustainable and continued development growth Job diversity includes strong healthcare sector, military, rising software and tech companies Hot Sub-markets: East and Southeast, Northwest Quadrants Where to find opportunities: North Central Sector for 100+ unit B and C assets     Bull’s Eye Tips:   Winning Your Market: Focus on the team.   Tracking Marketing Changes:  Surround yourself with the right people.   Daily Habit: Write every morning.   Resources: 21 Hacks to Find the Best Sub-Markets The 4-Hour Workweek by Tim Ferris Rich Dad Poor Dad by Robert Kiyosaki Book Recommendation:  Willpower Doesn’t Work by Benjamin Hardy   Think and Grow Rich by Napoleon Hill Digital Resources Google Docs   Spanning - Data Backup and Protection  Tweet This: “Renovate, refinance, rent and repeat”   “Bigger is better in multifamily”   “When starting out, figure out a way to partner with others, then leverage their credibility” Places to Grab a Bite: Pearl Brewery   Connect with Devin: Website: https://www.djetexas.com/  

Our guest for this week’s show is founder and managing partner of DJE Texas management Group, Devin Elder Devin is a real estate entrepreneur based in San Antonio, Texas. He started his career renovating single family properties, and has since moved over into the multifamily space. Since 2012 he has completed over 100 real estate investment projects and currently owns 660 multifamily doors. In today’s show, we pull back the layers of Devin’s business and take look at the mechanics of how he’s been able to build such a significant multifamily business in only a few short years. In addition, we’re going to dig deep into the capital raising side of his business to see how he’s been able to fund his substantial growth over the last few years. Recommended Resources Check out our company and our investment opportunity by visiting www.SunriseCapitalInvestors.com Self Directed IRA Investment Opportunity – Click Here To Learn More About How You Can Invest With Us Through Your SDIRA Accredited Investors Click Here to learn more about partnering with me and my team on Mobile Home Park deals! Grab a free copy of my latest book “The 21 Biggest Mistakes Investors Make When Purchasing their First Mobile Home Park…and how to avoid them MobileHomeParkAcademy.com Schedule your free 30 minute "no obligation" call directly with Kevin by clicking this link https://www.timetrade.com/book/KV2D2

Devin Elder is owner and/or partner in a number of Real Estate investment companies and owns a portfolio of over 100 units of single family and multifamily investment properties. He has been a featured guest on some of the world's leading investment podcasts, Business Insider, and various television programs discussing Real Estate investing. What you will learn: What did Devin's first deal look like? (6:45) How Devin started developing relationships with wholesalers. (13:40) What is Devin's biggest win so far. (18:20) What are some of Devin's best systems he implements that he wishes he put into place sooner. (23:40) What is Devin's biggest lesson learned since he became a full time real estate investor. (28:45) What is the one unique thing that his company does that is ahead of the industry standard. (32:40) What are some of Devin's favorite tools and resources he uses inside his business. (35:11) What is the most important piece of advice Devin would give to other real estate investors. (42:41) Quotes: Once you step over that line and finally do a deal something happens and you become a different person. Having real estate numbers on the flip itself, and then having a really good model to forecast revenue are two things to swear by. In order to be a rock star for my lenders all the stuff on the back end has to work perfectly. Use your attention as if it is costing you money. Resources: Help spread this uplifting content by leaving a review on iTunes: http://bit.ly/MMiTunesReview Stay in touch with Matty A: Website: https://mattaitchison.com Facebook: https://www.facebook.com/officialmattya Instagram: https://www.instagram.com/officialmattya YouTube: https://www.youtube.com/channel/UCinIteUWBIk-ycgg5i7q99w/featured Stay in touch with Devin: Personal Website: http://www.devinelder.com

Here's some of what you will learn: The importance of having mentors and other experienced people on your team. The importance of educating yourself in the multifamily business to get started. The benefits of developing long-term relationships for access to the best deals. The importance of networking to become a problem solver and be a part of other deals. The benefits of gaining experience in multiple areas of the business to be able to make better decisions. The importance of responding to broker deals in the proper way to show knowledge in the business. The importance of refurbishing units and how your cashflow can be affected. The difference between Physical occupancy vs Economic occupancy. The importance of reading and educating yourself on both the business and your mindset. The importance of making the decision to commit and move forward in the business. The reasons why real estate is one of the best investments possible. The importance of choosing a proper mentor or bring people on your team to help with deficiencies. The importance of getting uncomfortable and push through limiting beliefs. The importance of making a decision to work hard on your goals and narrowing your focus for success. Tips on how to take action and advice on where to start. The importance of education before action, but avoid education without action. The benefits of using resources like masterminds to shorten the learning curve in the business. About our Guest: Devin Elder can be reached at: www.DJEtexas.com Want to build Lifetime Cash Flow from Multifamily Properties? If you’re committed to creating the life you deserve, we've created the best multifamily training and coaching program on the market. I personally coach you on your path to create the life of your dreams. I will help you CRUSH it in this business!  - if you'd like to receive information about our program, text CRUSH to 41411 now. Recommended Resource Looking to invest in a multi-family real estate project? Want to partner with me personally on a deal? To schedule a time for us to talk click on this link: http://www.meetme.so/RodKhleif2 Review and Subscribe acquisitions, Devin Elder, apartment investing, apartments, appreciation, Assisted Living, broker, brokers, business, cash flow, cashflow, commercial, commercial real estate, CRE, CRE investing, Defaulted paper, Donald Trump, entrepreneur, equity, Eviction, expert, experts, Foreclosure, funding, Hedge fund, investing, investing in real estate, investments, Rod Khleif, Rod Khleif Florida, Rod Khleif Real Estate, Riyad Khleif , manager, mergers, millionaire, multi-family, multifamily, Office, passive income, podcast, private lending, private money, property management, raw land investing, real estate, real estate broker, real estate cashflow, real estate coaching, real estate investing, real estate investor. Investing, REIT, Retail, Robert Kiyosaki, sales, Sales Coach, sales expert, Sales Training, Self Storage, Selling, Senior Living, Shopping Center, Short Sale, Suburban Office, syndication, training, value add, Repositioning assets, multi-family expert, multifamily expert, multi family investing, multifamily training  

Devin Elder is a multifamily syndicator who has completed over 100 residential and commercial real estate projects in six years! Devin worked in the corporate IT world for ten years, but quickly became tired of the rate race and working so hard for zero job security. He had always admired entrepreneurs and chose to apply himself to real estate in the single-family investing realm. He quickly snowballed into multifamily.   Hear Devin’s take on Buying Right, Managing Right and Financing Right with both single and multifamily. He also talks about how it felt getting into multifamily syndication, his buying criteria, and what his business plan looks like for repositioning a property and getting his investors returns.   He also discusses the major benefits to his business when he focuses on the things he is good at that are most worth his time and delegating the other day to day business activities go to others.   This was an awesome, high energy show that our listeners will definitely enjoy!   ​Top 10​ -Starting with single family homes -Snowballing Capital -Entrepreneurial Hero's -Corporate Anti-Hero's -Refi and Roll -Scale -Buying Right -Buying at Retail -Fix and Flips -And much more!   DJEtexas.com Invest with Jake and Gino: Create an Account - Rand Partners www.croudstreet.com/wheelbarrow   Check out the podcast for iTunes: iTunes Store - https://itunes.apple.com/us/podcast/jake-gino/id1025080737?mt=2 Check out the podcast for Android: RSS FEED - http://jakeandgino.libsyn.com/rss Thanks so much for joining us again. Have some feedback you’d like to share? Leave a note in the comment section below! If you enjoyed this episode, please share it using the social media buttons you see at the top of the post! Also, please leave an honest review for our Podcast on iTunes. Ratings and reviews are extremely important to our show and help in our rankings. Please leave a review if you find value in our show! Click here to learn more about our multifamily educational platform: Multifamily Mastery - https://jakeandgino.mykajabi.com/offers/tw3qfTWN If you have any questions, please email me at gino@jakeandgino.com If you would like to partner or invest with Jake & Gino, please fill out

On my first podcast of the new year I have Devin Elder as my guest. Devin has done a lot in real estate, and is expanding his business more every year. He started out as a rental property owner, moved into flipping houses, wholesaling some deals, and now he is focusing on investing in multifamily properties. Devin has recently bought a 75 and 192 unit apartment building and is looking to buy more. You can hear him discuss his real estate career on this podcast.  

So you want to get into multi-family investing, but you don't have the money or the track record. Maybe you think that baby steps is the way to go, learning the game through single-family rentals or managing a small complex on your own. But if you have the right team, you don't need to have $5M in the bank or 15 years of property management experience. You can serve as the quarterback and focus your energy on putting together deals, while your mortgage broker, property management company, and general contractor execute the playbook. Devin Elder was born and raised in San Antonio, Texas. After graduating from UT-San Antonio with a degree in business, he went the corporate route, working in sales and operations for several area companies. But with each promotion, Devin lost a little more time and a little more autonomy. Then he got fired. In that moment, Devin vowed to find an alternative. At about the same time, Devin bought, renovated and refinanced his first single-family rental. Initially skeptical of real estate as a viable investment, he soon realized that the cashflow from rental properties could be his way out. Two years and 20 doors later, Devin quit his last corporate job and became a full-time investor. Since then, he has shifted his focus to multi-family, working his way from a six-unit that he managed himself to a 75-unit to a 192-unit. Today Devin shares how a desire to scale his real estate business inspired the shift from single- to multi-family and why he takes pride in having a positive impact on the community. He explains the initial lack of confidence that held him back from pursuing multi-family and how he overcame that with the right peer group and a ‘someday is now' philosophy. Listen in to understand why Devin would pursue entrepreneurship sooner if he could do it all over again, and hear his advice around ‘borrowing credibility' to jump-start your multi-family business! Key Takeaways  [2:33] What inspired Devin to leave the corporate world for real estate Climbing corporate ladder, lost time/autonomy Giving his all, got fired Vowed to find alternative Single-family investment proved viable [5:00] Devin's initial strategy Acquire enough cashflow to cover bills Put team together, several single-family rentals 20 doors in two years Moved to tears on last day of work [7:59] Devin's shift from single- to multi-family Wanted to scale business (5X cashflow) Realized multi-family was more feasible Banks willing to lend (established business model)  [9:37] Devin's multi-family starting point C-area six-unit bought, managed himself Wasn't ready to take other people's money Friends from local mentor group encouraged bigger deals [12:17] Devin's second multi-family deal 75-unit, deep value-add Unsafe building, occupancy low Capital raise with 11 investors $1.2M renovation [15:46] Devin's take on working your way up in multi-family Jump into 80-plus units 5-80 units is ‘no man's land' Larger project allows for staffing [16:59] Devin's advice to his younger self Multi-family is way to go Hoard your money to get first deal done Second will follow in quick succession [18:06] Devin's current multi-family deal 192-unit in nicer area 8-10% cash-on-cash return Equity multiple of two over five years [19:27] Devin's advice to aspiring real estate investors Employ ‘borrowed credibility' Build team with experience, track record Act as quarterback, specialize in putting deal together [22:47] Devin's failures Lost own money on flip house, improved systems Counts not pursuing entrepreneurship sooner as failure [24:00] How Devin overcame a lack of confidence ‘Someday is now' Quitting job as mental hurdle [24:52] Devin's AHA moment Desire to create life he enjoys every day Not working toward ‘someday' [25:33] What Devin is excited about Making positive impact on community through multi-family Rewarding to give investors good return Rehab of property impacts neighborhood Connect with Devin Elder DJE Texas Management Group Resources Partner with Michael Invest with Michael Podcast Show Notes Free eBook: The Secret to Raising Money to Buy Your First Apartment Building Review the Podcast on iTunes

It is so important to surround yourself with like minded people who can get you into the GAME! A mentor can seriously fast track your investing career. My mentor helped me get to where I am today, and many mentor's have helped many other successful investors reach their massive goals. Devin Elder is a PRO when it comes to being an educator and an influencer in the real estate investing space. Tune in to hear: - How to identify the right mentor - How to use that mentor to his/her maximum potential to help you get in the GAME! - Leverage the experience and expertise of your mentor to attract more capital and scale your business. So what are you waiting for? Get educate, take action and go make a dent in the universe. If you want to see what my guests look like head over to my YOUTUBE channel: www.youtube.com/channel/UCuFEo0AY…iew_as=subscriber Head to my NEW website www.reedgoossens.com/podcast-investing-in-the-u-s/ to find links from today's show. Hit me up at info@rsnpropertygroup.com if you want my FREE EBOOK! Take action, back yourself and go out and make an impact in the world! Follow me on: Facebook: www.facebook.com/reed.goossens Instagram: www.instagram.com/reedgoossens/ twitter: twitter.com/reedgoossens

Want to have double or triple returns in your investments? Real estate investor and entrepreneur Bruce Petersen joins us today to share how he started from doing small to syndicating large multi-family deals in and around Central Texas. Tune in and learn how you too can get high investment returns and build a successful business in another episode of Grab Life Big! In this episode, you will learn: Bruce’s brief bio. What Bruce did driving around places in over a month. The number of units that Bruce owns. What Bruce thinks of the real estate market today. Bruce’s current vertical and horizontal income. What is Bruce’s left to invest. Bruce’s life happiness index and giving back ratio. What brings Bruce joy. How Bruce’s diet looks like. Bruce’s top bucket list items. Bruce’s greatest hits. Plus so much more! Bruce Petersen is a real estate investor and entrepreneur. He is a syndicator of large multi-family deals in the central Texas market. Bruce self-manages through his own property management company, Bluebonnet Commercial Management. He has been investing in real estate since roughly 2000 and began syndicating multi-family in 2012. Bruce has started a multi-family investing podcast with another GoBro, Devin Elder that they should have up on itunes and the like within the next couple weeks. Bruce has won the National Apartment Association Independent Owner of the Year for 2017 and coaches others on how to successfully invest in multi-family.

Real estate investors wear a lot of hats, especially in the beginning: contractor, bookkeeper, receptionist, and more. But if you truly want to grow your business, you must do LESS. At least, that’s the message you’ll hear today on The BiggerPockets Podcast, where Josh and Brandon sit down with real estate investor Devin Elder about how he’s been able to scale his business by doing fewer and fewer tasks. You’ll learn how he went from a single family rental in 2012 to buying multiple properties each month. We cover the topic of BRRRR investing, fix and flipping, using private lenders, getting started with no money, and lots more. Stay tuned for this powerful episode!In This Episode We Cover:How Devin got started into real estateHow he got a mentor to help him get his first dealWhat exactly equity capture isWhy the BRRRR strategy is so niceThoughts on his market, San AntonioDevin’s main focus as a real estate investorHow his business worksThe importance of creating systems and not doing things you don’t enjoyWhy you shouldn’t reinvent the wheel How he decides if he flips, holds, or wholesales a propertyHow he finds his dealsHow to figure out if someone is fudging the numbersThe mechanics of his marketingThe story of a deal that went wrongWhat makes him proud about how he does businessThe name that comes to mind if he heard the word “inspiration“What the future looks like for DevinAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets PodcastBuildiumInvestor CarrotTim Ferriss’ PodcastBooks Mentioned in this ShowThe Book on Rental Property Investing by Brandon TurnerThe Book on Flipping Houses by J. ScottInvesting with No or Low Money Down by Brandon TurnerThe Book on Tax Strategies by Amanda Han80/20 Sales and Marketing by Perry MarshallRich Dad Poor Dad by Robert KiyosakiThe Millionaire Real Estate Investor by Gary KellerElon Musk by Ashlee VanceTweetable Topics:“Rental income wasn’t making me wealthy, but it was paying my bills.” (Tweet This!)“It’s about creating systems, getting software, and not spending time on activities that you don’t enjoy.” (Tweet This!)“Nothing happens without some revenue.” (Tweet This!)“Use your hustle to create some kind of value and then from there take the next best step.” (Tweet This!)Connect with DevinDevin’s BiggerPockets ProfileDevin’s WebsiteDevin’s Company Website – We buy houses San Antonio