Aug 21, 2018
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
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.
The 4-Hour Workweek by Tim Ferris
Rich Dad Poor Dad by Robert Kiyosaki
Willpower Doesn’t Work by Benjamin Hardy
Think and Grow Rich by Napoleon Hill
Spanning - Data Backup and Protection
“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:
Connect with Devin: