cover of episode 207: How to Achieve Greater Success by Doing Less with Devin Elder

207: How to Achieve Greater Success by Doing Less with Devin Elder

Publish Date: 2016/12/29
logo of podcast BiggerPockets Real Estate Podcast

BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>Real estate investors wear a lot of hats, especially in the beginning: contractor, bookkeeper, receptionist, and more. But if you truly want to grow your business, you must do LESS. At least, that’s the message you’ll hear today on <a href="https://www.biggerpockets.com/podcast">The BiggerPockets Podcast</a>, where Josh and Brandon sit down with real estate investor <strong>Devin Elder</strong> about how he’s been able to <strong>scale his business by doing fewer and fewer tasks</strong>. You’ll learn how he went from a single family rental in 2012 to buying multiple properties each month. We cover the topic of <a href="https://www.biggerpockets.com/renewsblog/2015/04/20/how-to-100000-dollars-year-real-estate/">BRRRR investing</a>, <a href="https://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/">fix and flipping</a>, using <a href="https://www.biggerpockets.com/renewsblog/2012/12/31/private-money-lenders/">private lenders</a>, getting started with <a href="https://www.biggerpockets.com/nomoney">no money</a>, and lots more. Stay tuned for this powerful episode!</p><p>In This Episode We Cover:</p><ul>
  • How Devin got started into real estate
  • How he got a mentor to help him get his first deal
  • What exactly equity capture is
  • Why the BRRRR strategy is so nice
  • Thoughts on his market, San Antonio
  • Devin’s main focus as a real estate investor
  • How his business works
  • The importance of creating systems and not doing things you don’t enjoy
  • Why you shouldn’t reinvent the wheel 
  • How he decides if he flips, holds, or wholesales a property
  • How he finds his deals
  • How to figure out if someone is fudging the numbers
  • The mechanics of his marketing
  • The story of a deal that went wrong
  • What makes him proud about how he does business
  • The name that comes to mind if he heard the word “inspiration
  • What the future looks like for Devin
  • And SO much more!
  • Links from the Show

    Books Mentioned in this Show

    Tweetable Topics:

    • “Rental income wasn’t making me wealthy, but it was paying my bills.” (Tweet This!)
    • “It’s about creating systems, getting software, and not spending time on activities that you don’t enjoy.” (Tweet This!)
    • “Nothing happens without some revenue.” (Tweet This!)
    • “Use your hustle to create some kind of value and then from there take the next best step.” (Tweet This!)

    Connect with Devin

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