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 http://www.impactequity.net, https://www.linkedin.com/in/randallsmith or on Instagram at @randysmithinvestor
