The Importance of a Team with Devin Elder
Episode description
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:
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