POPULARITY
35 episodes with dje texas management group
4 episodes with dje texas management group
2 episodes with dje texas management group
2 episodes with dje texas management group
2 episodes with dje texas management group
2 episodes with dje texas management group
2 episodes with dje texas management group
2 episodes with dje texas management group
2 episodes with dje texas management group
Brent Bowers, Owner of The Land Sharks, joins us to discuss the world of land flipping, processes behind buying and selling land, and discuss how to build a thriving, sustainable business. Connect with Brent at www.thelandsharks.com. The post The DJE Podcast #281 with Brent Bowers first appeared on DJE Texas Management Group.
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
Mike Stohler, former commercial airline pilot, Navy veteran, and co-founder at Gateway Private Equity Group, joins us to discuss his journey through the world of real estate as he transitions from multifamily properties to hotels. Connect with Mike at https://www.gatewaype.com. To join the DJE Investor list visit https://www.djetexas.com/incomefund. The post The DJE Podcast #280 with Mike Stohler first appeared on DJE Texas Management Group.
Justin Howe, CEO of Maebeth Properties LLC, joins us to discuss the intricacies of balancing property acquisitions with management, and reflects on how his journey in real estate shaped his entrepreneurial path. Connect with Justin at https://www.mpvacationrentals.com. To join the DJE Investor list visit https://www.djetexas.com/incomefund. The post The DJE Podcast #279 with Justin Howe first appeared on DJE Texas Management Group.
Clint Harris, General Partner of Nomad Capital, joins us to discuss their innovative approach to transforming old retail buildings into self-storage, their in-house operations, and plans to expand with six to eight new projects next year. Connect with Clint at https//www.nomadcapital.us. To join the DJE Investor list visit https://www.djetexas.com/incomefund/ The post The DJE Podcast #278 with Clint Harris first appeared on DJE Texas Management Group.
Russ Morgan, Co-Founder and Partner of Wealth Without Wall Street, joins us to discuss Business and Finance. Connect with Russ at https://www.wealthwithoutwallstreet.com/ To join the DJE Investor list visit https://www.djetexas.com/access. The post The DJE Podcast #277 with Russ Morgan first appeared on DJE Texas Management Group.
Dave Seymour, founder of Freedom Venture Investments and Legacy Alliance, returns to the podcast to discuss how his business and ours have changed since his last appearance in 2020. Connect with Dave at https://www.freedomventure.com/. To join the DJE Investor list visit https://www.djetexas.com/incomefund. The post The DJE Podcast #276 with Dave Seymour first appeared on DJE Texas Management Group.
Dave Seymour, founder of Freedom Venture Investments and Legacy Alliance, returns to the podcast to discuss how his business and ours have changed since his last appearance in 2020. Connect with Dave at https://www.freedomventure.com/. To join the DJE Investor list visit https://www.djetexas.com/incomefund. The post The DJE Podcast #276 with Dave Seymour first appeared on DJE Texas Management Group.
Bob Lachance, founder and CEO of REVA Global, joins us to discuss his ventures, including his real estate company and REVA Global, a leading virtual assistant staffing enterprise specializing in real estate. He shares insights into his business strategies and how he leverages virtual assistants to enhance operations. Connect with Bob at https://www.revaglobal.com/ To join the […] The post The DJE Podcast #275 with Bob Lachance first appeared on DJE Texas Management Group.
Gideon Pfeffer, CEO and Managing Partner of The GSH Group, joins us to share his journey, the acquisition of over 7,000 units, and the ins and outs of building and managing his company. Connect with Gideon at https://www.investwithgideon.com/ To join the DJE Investor list visit https://www.djetexas.com/incomefund/ The post The DJE Podcast #274 with Gideon Pfeffer first appeared on DJE Texas Management Group.
Joe Fairless, Co-Founder of Ashcroft Capital, joins us to discuss the current state of rates and loans, why it's the perfect time to buy multifamily properties, and their business plan in today's market. Connect with Joe at https://ashcroftcapital.com/. To join the DJE Investor list visit https://www.djetexas.com/incomefund. The post The DJE Podcast #273 with Joe Fairless first appeared on DJE Texas Management Group.
Logan Fullmer, a real estate investor, joins us to discuss tax considerations in real estate transactions, coaching and networking events, and business challenges and adaptations. Connect with Logan at https://www.loganfullmer.com To join the DJE Investor list visit https://www.djetexas.com/incomefund The post The DJE Podcast #272 with Logan Fullmer first appeared on DJE Texas Management Group.
Mike Roeder, principal at Granite Towers Equity Group, joins us to discuss how they secured their first investors, their asset management strategies, and their current methods for raising capital. Connect with Mike at https://www.granitetowersequitygroup.com To join the DJE Investor list visit https://www.djetexas.com/incomefund The post The DJE Podcast #271 with Mike Roeder first appeared on DJE Texas Management Group.
Grant Reaves, co-founder and managing director of Stoic Equity Partners, joins us to discuss flex industrial, transitioning from brokerage to principal, and the formation of their team and capital stack. Connect with Grant at https://www.stoicep.com To join the DJE Investor, and list visit https://www.djetexas.com/incomefund The post The DJE Podcast #270 with Grant Reaves first appeared on DJE Texas Management Group.
Darin Davis, an eminent industry leader and entrepreneur, joins us to discuss his journey from single-family properties to multifamily investments, preferred equity, and the similarities between the global financial crisis of 2008 and the current economic landscape. Connect with Darin at clubcapital.co. To join the DJE Investor list visit https://www.djetexas.com/incomefund. the-dje-podcast-with-darindavis The post The DJE Podcast #269 with Darin Davis first appeared on DJE Texas Management Group.
Neal Bawa, founder of Grocapitus, joins us to discuss his team's approach to evaluating markets, assets, and the current economic conditions. Neal Bawa is a technologist who is universally known in real estate circles as the Mad Scientist of Multifamily. Connect with Neal at https://grocapitus.com/. To join the DJE Investor list visit https://www.djetexas.com/incomefund. the-dje-podcast-with-neal-bawa The post The DJE Podcast #268 with Neal Bawa first appeared on DJE Texas Management Group.
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.
https://youtu.be/Bki9jDFmn1U Elijah Brown, Co-Founder and Managing Partner of GoldHawk Capital, joins us to discuss his journey and how he raised private capital to acquire over 2,200 units across the United States. He talks about how he got into and has grown his business, what his team looks like now, the current market conditions, and how […] The post The DJE Podcast #266 with Elijah Brown first appeared on DJE Texas Management Group.
Jon Rebello, President of Jefferson Bank in the Austin, TX market, joins us to discuss the recent opening of their new downtown Austin location, their approach to banking, and their market outlook for 2024. Connect with Jon at https://www.jeffersonbank.com/. To join the DJE Investor list visit https://www.djetexas.com/incomefund. Transcript: the-dje-podcast-265-with-jon-rebello The post The DJE Podcast #265 with Jon Rebello first appeared on DJE Texas Management Group.
Agostino Pintus, a real estate investor, joins us to delve into his journey, which began with single-family homes and has since grown to encompass a portfolio of over 1,600 units. He shares insights on establishing a successful development business and creating a net lease fund, now with a deal flow exceeding $350M. Connect with Agostino […] The post The DJE Podcast #264 with Agostino Pintus first appeared on DJE Texas Management Group.
Jordan Fisher, Principal of Next Wave, joins us to discuss his journey of getting into multifamily investing while also delving into his nearly two decades of experience acquiring, redeveloping, and managing multifamily properties, highlighting his expertise as a multifamily investment expert. Connect with Jordan at https://nextwaveinvestors.com/ To join the DJE Investor list visit https://www.djetexas.com/access For […] The post The DJE Podcast #263 with Jordan Fisher first appeared on DJE Texas Management Group.
Jordan Fisher, Principal of Next Wave, joins us to discuss his journey of getting into multifamily investing while also delving into his nearly two decades of experience acquiring, redeveloping, and managing multifamily properties, highlighting his expertise as a multifamily investment expert. Connect with Jordan at https://nextwaveinvestors.com/ To join the DJE Investor list visit https://www.djetexas.com/access For […] The post The DJE Podcast #263 with Jordan Fisher first appeared on DJE Texas Management Group.
Kevin Bupp is a Florida-based Real Estate Investor, top Apple podcast host, and best-selling author of “The Cashflow Investor” with over $300 million in real estate transactions under his belt. Connect with Kevin at https://kevinbupp.com/ To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit https://www.ApartmentEducators.com The post The DJE Podcast #262 with Kevin Bupp first appeared on DJE Texas Management Group.
President of Two Bridges Asset Management, Jonathan Twombly joins us to discuss leaving his job as a Wall Street lawyer in 2011 to invest full time. Since then, he has built and sold a multifamily portfolio in South Carolina, JV'd or co-GP'd on approximately $250,000,000 of MFRE deals, and recently began constructing a portfolio of […] The post The DJE Podcast #261 with Jonathan Twombly first appeared on DJE Texas Management Group.
Gaines Slade joins as a guest host this week on Texas Land Beat, interviewing Morgan Tyler about all thing's exotics. How to manage and potentially turn them into a revenue stream on a ranch. Connect with Gaines at https://www.cbharper.com/agent/6497/gaines-slade Connect with Morgan at https://texasranchsalesllc.com To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring […] The post DJE Texas Land Beat #004 first appeared on DJE Texas Management Group.
Carlos Rovira, Principal of Rovira Property Management, joins us to discuss how he got started in real estate investing, building a property management company, buying vacant buildings, operating in multiple markets, and much more. Connect with Carlos at https://rovirapropertymanagement.com/ To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit https://www.ApartmentEducators.com The post The DJE Podcast #260 with Carlos Rovira first appeared on DJE Texas Management Group.
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
AJ Osborne, CEO of Cedar Creek Capital, joins us for a deep dive into all things Self Storage. With two decades of expertise as an owner, operator, and developer, AJ shares invaluable insights you won't want to miss. Connect with AJ at https://cedar.cc/ To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit […] The post The DJE Podcast #259 with AJ Osborne first appeared on DJE Texas Management Group.
Joel Friedland, Founder of Brit Properties, joins us to discuss moving from industrial brokerage in Chicago to syndicating his own deals. We discuss highs, lows, and invaluable insights gathered from his four-decade-long career journey. From his team dynamics to navigating current market conditions, Joel shares his debt-free investment philosophy and a wealth of additional topics. […] The post The DJE Podcast #258 with Joel Friedland first appeared on DJE Texas Management Group.
Shane Thomas, Co-Founder of Catalyst Equity Partners, joins us to discuss leaving a corporate career as a consultant and CPA to build a multifamily portfolio approaching 2,000 units. We discuss financing, raising capital, current market conditions, building a construction company, and much more. Connect with Shane at https://catequity.com/ To join the DJE Investor list visit […] The post The DJE Podcast #257 with Shane Thomas first appeared on DJE Texas Management Group.
Paul Daneshrad, Founder and CEO of StarPoint Properties, joins us to delve into topics such as scaling his company to $1 billion in assets under management (AUM), navigating the present business landscape, his book “Money & Morons: How to Shield Yourself from the Great Conflux,” and exploring a variety of other topics. Connect with Paul […] The post The DJE Podcast #256 with Paul Daneshrad first appeared on DJE Texas Management Group.
Richard Ross, CEO of Quinn Residences, joins us to discuss his career in real estate investments, how they are building and managing Built to Rent communities, and much more. Connect with Richard at https://live-quinn.com/ To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit https://www.ApartmentEducators.com The post The DJE Podcast #255 with Richard Ross first appeared on DJE Texas Management Group.
Investor Aaron Katz joins us to discuss his investing journey, from his first 90 unit deal in 2012 to purchasing and partnering on dozens of projects. We discuss building relationships with investors, education and mentoring, operations, current market conditions, and much more. Connect with Aaron at https://www.aaronkatzapartmentinvesting.com/ To join the DJE Investor list visit […] The post The DJE Podcast #254 with Aaron Katz first appeared on DJE Texas Management Group.
Ashley Wilson, Founder of Bar Down Investments, joins us to discuss her real estate investing journey, from high end flips to large multifamily assets. We discuss asset management, raising capital, construction management, and much more. Connect with Ashley at https://www.bardowninvestments.com/ To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit https://www.ApartmentEducators.com The post The DJE Podcast #253 with Ashley Wilson first appeared on DJE Texas Management Group.
Entrepreneur Brock Holliman joins us to discuss how he got started in real estate and going on to the build construction, property management, and capital management companies he runs today. Connect with Brock at MyNewRental.com and on Instagram @follow.brock To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit https://www.ApartmentEducators.com The post The DJE Podcast #252 with Brock Holliman first appeared on DJE Texas Management Group.
Emma Powell, Founder of Highrise Group, joins us to discuss getting into real estate via single family projects, scaling to multifamily and mobile home parks, fund structures, and much more. Connect with Emma at https://www.highrise.group/ To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit https://www.ApartmentEducators.com The post The DJE Podcast #251 with Emma Powell first appeared on DJE Texas Management Group.
Harland Merriam & Mike Jacobson, partners at Attune Investments, join us to discuss getting started in Multifamily investing, building a team, raising capital, a full cycle 128 unit deal, and much more. Connect with Harland and Mike at https://www.attuneinvestments.com/ To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit https://www.ApartmentEducators.com The post DJE Podcast #250 with Harland Merriam & Mike Jacobson first appeared on DJE Texas Management Group.
Jazmin Salinas, Investor Relations Manager at Massive Capital, joins us to discuss her start in the real estate world, her first deal, and the SHE campaign. Connect with Jazmin at https://massive.capital/she/ To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit https://www.ApartmentEducators.com The post The DJE Podcast #249 with Jazmin Salinas first appeared on DJE Texas Management Group.
Andrew Freed joins us to discuss building a 127 unit real estate portfolio in 3 years, owning multifamily properties in and around Worcester, MA, and much more. Connect with Andrew on Instagram @InvestorFreed To join the DJE Investor list visit https://www.djetexas.com/access For multifamily mentoring visit https://www.ApartmentEducators.com The post DJE Podcast #248 with Andrew Freed first appeared on DJE Texas Management Group.
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
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
Make It Rain: Multifamily Real Estate Investing for Millennials
Justin Liggitt is an investor relations and marketing professional with over 17 years of experience in the investment industry. He has extensive experience in full-cycle business development and retention, including deep expertise in building and managing investor relations teams and strategic marketing. He is currently Head of Investor Relations for DJE Texas Management Group, a Commercial Real Estate Investment and Management Company based in San Antonio, Texas. Prior to joining DJE, Justin helped a private equity firm launch their first private market REIT which invested in multifamily properties, and was responsible for all marketing, business development and investor relations activities of the investment product. Before getting into the commercial real estate industry, Justin spent 15 years in the wealth management industry in a number of high-level marketing and business development roles.In his spare time, Justin is an artist, avid outdoorsmen and father to a 6-year-old son. Website: https://djetexas.com/ Welcome to Make It Rain: Multifamily Real Estate Investing for Millennials! We're Daisy and Luc, two millennials who love multifamily investing. With every episode, whether we're discussing a special topic or have on an amazing guest, the goal is to provide education and resources for anyone interested in investing in multifamily real estate, especially if you're a millennial. We're excited to chat with you about the what's, the why's, the how's, the who's. The best way to show support is to share it with anyone who might benefit from it and leave us an awesome review. Check out our website at makeitraincapital.com for more goodies. Take action on your financial future TODAY! For more info, check us out at makeitraincapital.com.
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
All of us are always looking for ways to improve our business and our investments. We evaluate our teams, our systems, our process as well as the prevailing dynamics and culture in the company in order to rectify flaws and continue the best practices. Wouldn't it be practical and rewarding if we can hear from someone in the real estate industry who has mastered the best practices in investor relations, marketing, and communications and who has made the choicest investment in himself for optimum personal and professional growth? We are fortunate to be joined in this episode by such an experienced professional. Justin Liggitt heads the investor relations team at DJE Texas Management Group. Clocking in decades of experience in high-level management in the investor relations, marketing, and wealth management industry combined with a background in art and design, Justin brings in his expertise and generously shares them with us. Listen now, master these best practices and get ahead of the competition. Elevate your investments and elevate yourself now! Key Points from This Episode: Justin talks about his backstory and his upbringing. How does Justin integrate his creative side with the business management side? Why empathy and understanding are crucial when communicating with investors. Having multiple roles and responsibilities, how does Justin shift seamlessly between roles while being able to establish boundaries? Justin describes the best-in-class investor experience that their company offers. How does the mentality of abundance play into that first-class experience for investors? Justin talks about the philosophy, principles, and strategies for effective marketing of investment opportunities to their investor community. How does Justin effectively manage the process of capital raising? How does investor psychology influence the way Justin engages with investors? What would make an investor an unsuitable partner for Justin's company? Justin offers some tips on how to bring transparency in communications with clients and their teams. Justin discusses the work dynamics between various teams within their company. How does Justin invest in himself to improve work performance, achieve growth, and optimize the results of their investments? Justin answers the Rare Air Questionnaire. Tweetables: “Give yourself some grace and stop being so hard on yourself about not knowing what you're doing right now. Just slow down, breathe, and your brain will follow.” “My creativity informs my professional demeanor and the way that I approach meeting with people. When interacting with people, my intuitive or my creative side informs my professional side such that when forging new relationships with investors, I can identify, is this a fit for both parties? Is this going to be a successful partnership?” “We want all parties to win. We want investors, DJE and the community to win.” “We approach our deals from a standpoint that is consistent with our values, with an abundance mentality that all boats rise and that all parties win.” “Do something more personalized and specific with the people you meet. That allows you to connect faces with names and it's always a better move.” “Your head is not a friendly place whenever you're overwhelmed.” “One of the things that resonate not only with our investors, but also the people that we've spoken to in the past is that we're very upfront and honest about not only the potential to work together, but also if there's none.” “We do want to make sure that the investors that we're bringing on to the future have the same sort of personality, mindset, goals, and also really understand what their responsibilities are in the partnership.” “Investing is a collaboration and a partnership.” Links Mentioned: DJE Texas website How To Write One Song by Jeff Tweedy Infinite Jest by David Foster Wallace Schedule a complimentary 15-minute consultation with Justin Liggitt Invest with CF Capital About Justin Liggitt Justin Liggitt is an investor relations and marketing professional with over 17 years of experience in the investment industry. He has extensive experience in full-cycle business development and retention, including deep expertise in building and managing investor relations teams and strategic marketing. Prior to joining DJE, Justin helped a private equity firm launch their first private market REIT which invested in multifamily properties and was responsible for all marketing, business development and investor relations activities of the investment product. Before getting into the commercial real estate industry, Justin spent 15 years in the wealth management industry in a number of high-level marketing and business development roles. In his spare time, Justin is an artist, an avid outdoorsman and a father to a 6-year-old son.
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
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
In this episode, Justin Liggitt, Director of Investor Relations at DJE Texas Management Group, interviews Devin and gathers his thoughts on the state of the multifamily real estate market. They discuss rate hikes, investor sentiment and DJE's plans for the rest of the year. Connect with Justin here: https://djetexas.com/schedule-justin-liggitt/ To join the DJE Investor list […]
I did a show with Justin Liggitt of DJE Texas Management Group on a number of amazing topics including scaling and raising capital! Here we are talking about licensing for securities and if it's necessary to syndicate! https://djetexas.com/
Justin Liggitt entered the investment industry more than 20 years ago as a financial advisor. In 2011, he took on a major project that ended up steering his career toward a more creative role, which allowed him to focus on marketing and investor relations and how the two can work together. Today, he is the Director of Investor Relations for DJE Texas Management Group, a vertically integrated multifamily investment firm that focuses on large value-add syndication strategies. In this episode, Justin tells us about the target investor for DJE's syndications, branching out into Texas ranch land, and why he values stillness when it comes to his investor relations role. Justin Liggitt | Real Estate Background Director of Investor Relations of DJE Texas Management Group, a vertically integrated multifamily investment firm based in San Antonio, TX. Portfolio: GP of 2,000+ units Based in: San Antonio, TX Say hi to him at: djetexas.com LinkedIn Best Ever Book: How to Write One Song by Jeff Tweedy Greatest lesson: Be patient with yourself. Join the newsletter for the expert tips & investing content. Sign up to be a guest on the show. FREE eBook: The Ultimate Guide to Multifamily Deals & Investing Register for this year's Best Ever Conference in Salt Lake City Stay in touch with us! www.bestevercre.com YouTube Facebook LinkedIn Instagram Click here to know more about our sponsors: Trevor McGregor Coaching | Cash Flow Portal | Cornell Capital Holdings | PassiveInvesting.com
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!
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
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.
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
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.
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.
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.
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/
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/
5 Talents Podcast - Commercial Real Estate, REI, Financial Freedom
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!
Target Market Insights: Multifamily Real Estate Marketing Tips
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.
Growing up, people may hear statements about how it's impossible to retire and live out their glory years financially free. While some may believe this, many others take action to achieve their retirement goals, and this leads some individuals to real estate. Each individual has their motives as to why they wanted to get involved in real estate. However, while they may differ significantly, many of them are financially based and have a great deal to do with financial freedom. Our guest for today is Devin Elder, who is the principal of DJE Texas Management Group, a multifamily investment firm based in San Antonio, Texas, which owns more than 1,400 multifamily units. He has been featured on the top real estate investing podcasts and is also the host of The DJE Podcast, which is a commercial real estate podcast focused on multifamily. Today we are going to discuss... Our guest’s last straw moment when he realized he had to make a change Key takeaways from our guest's first capital raise Why our guest exclusively focuses on San Antonio How our guest can focus on business growth and simultaneously achieve more free and family time Learn more about our guest: Website: djetexas.com
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!
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
Achieve Wealth Through Value Add Real Estate Investing Podcast
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
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 […]
Monumental | Entrepreneurs | Visionaries | BIG Thinkers | Real Estate Investors
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
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.
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 […]
Target Market Insights: Multifamily Real Estate Marketing Tips
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/
© 2020-2025 Ivy Podcast Discovery LLC
