WS1083: Building the Team and Processes for Your Multifamily Business With Devin Elder
The Real Estate Syndication Show
As a leader, it is natural that you would want to be hands-on with everything about your business. But, to be an effective leader, you need to learn to hand control off. Today, we pick the brain of Devin Elder of DJE Texas Management Group, and he talks about building the dream team and processes to help you grow your multifamily syndication business.Devin admits that he used to struggle with handing control off to other people. But, he later realized what the difference of having the right people in your team can make. Devin talks about finding the right “who” to join your team, and he also elaborates the skill sets of an effective entrepreneur: identifying opportunities, going first, being okay with risks. Click the play button now and enjoy the show!
From House Flipping to Syndications with Devin Elder
Business with Beers
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 firstname.lastname@example.orgLinks: Who Not How
What Syndication Investors Should Expect from Sponsors with Devin Elder
Passive Wealth Strategy Show - Real Estate for Busy Pros
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.
San Antonio Multifamily Syndication | Episode #089 | Devin Elder
In this episode, Devin Elder explains the multifamily syndication market in San Antonio. Devin Elder is the founder and 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 real estate.
Navigating the Right People to Pay with Devin Elder
How to Scale Commercial Real Estate
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 --> email@example.com
Episode 042: How Devin Elder went from "growing up poor" to being one of the most reputable multi-family operators in the hot San Antonio market.
Value Added: The Real Estate Podcast
"I grew up in a trailer and now I own hundreds of millions of dollars of apartments." Devin Elder cut his teeth in the real estate investment industry by building a significant portfolio of single family homes in his hometown of San Antonio, TX. He felt a sense of accomplishment especially given the fact that he "grew up poor" with little access to any other resources, but he realized that he could do better. And do bigger. That's when he started digging into the Class B/C multi-family market in San Antonio where they have built a portfolio of over 2,000 units and have fully integrated their operation with their in-house property management arm. Listen to Devin explain how important it is for them to continue to focus on their home market and how they've positioned themselves to get access to off-market deal flow with their track record and professional reputation. Books: Who Not How by Dan Sullivan https://www.amazon.com/Who-Not-How-Accelerating-Teamwork-ebook/dp/B0867ZJ151 The DJE Foundation https://www.djefoundation.org/
Devin Elder On Instantly Building Trust & Credibility With Investors
Real Estate Money School
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.
ATE-Borrowing Experience with Devin Elder and Jared Asch
Diary of an Apartment Investor
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.Visit his website https://djetexas.com/---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.Visit his websites http://www.jaredasch.com/fireworkinvestments.com----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 firstname.lastname@example.org - be sure to let him know where you found him.Connect with him on LinkedIn or Facebook.
E119 - Building and Fostering Effective Teams with Devin Elder
Elevate with Tyler Chesser - The Real Estate Podcast for Investing, Mindset and Personal Development
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.
SA045 | Sole Partnership in Real Estate Investing with Devin Elder
How Did They Do It? Real Estate
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/