46 min
E264 Devin Elder - Reading the Current Macro Environment for Effective Investing Action with Real Estate Expert Elevate with Tyler Chesser - The Real Estate Podcast for Investing, Mindset and Personal Development
-
- Investing
The aggregation of marginal gains, which mirrors our guest’s core value––making even the smallest improvements every day. In this episode, Devin Elder, our second-time guest talks about how he is reading everything on the macro environment right now and what are his insights towards more effective investing.
He also shares with us his 10,000-hour rule to becoming an expert and his timeless wisdom about being in the right peer group; and starting small and iterating after failing. If you're interested in learning more about multifamily real estate and an exciting personal growth journey as an investor and business owner, tune in right away!
Key Points From this Episode
Devin talks about the illusion of time in real estate.
Devin and Tyler talk about getting your life secured while enjoying the present moment.
As an industry veteran and real estate entrepreneur, Devin shares his read on the current macro environment.
The current headwind of the Real Estate Industry: Debt Environment.
The current tailwind of the Real Estate Industry: Rent Growth.
Devin defines and explains why property management is labor force dependent and people extensive.
The next headwind that will create more opportunities.
The 10,000-hour rule to become an expert, applied in multifamily.
How did Mike build adaptability within his growing organization and why is it necessary?
Devin talks about starting small and iterating failure after failure.
How does a peer group that understands his journey helped him succeed?
Devin and Tyler conversed about how being an entrepreneur and investor is a personal development journey.
Technology as a helpful tool but connecting physically as being timeless and considered as an investment.
One of the most important core values: Tiny Improvements Every Day.
Devin’s advice to his younger self and someone like him who’s also dominating the same markets he’s ventured.
Devin shares the keys they have to be more and more successful in a market.
Tweetables:
“I'm 44, 1 year is certain percentage of my life. Whereas when you're 20, one year is a much bigger percentage of your life..” – Devin Elder
“I get this delayed gratification and all these kind of things, but you know, what about securing sort of that win now? Or what about enjoying life now? But, you know, I think you can do both.” – Tyler Chesser
“Instead of saying, I can't afford that. And just shutting down all the powers of your brain, you say, how can I afford that?” – Devin Elder
“You've gotta plug yourself in with a peer group that understands exactly what you're going through. And I would put that honestly as the number one thing that's helped me succeed.” – Devin Elder
"And that's what change is. It's scary. And it's gonna push you outta your comfort zone .” – Devin Elder
Links Mentioned:
Invest with CF Capital
DJE Texas' Website
About Devin Elder
Devin Elder is sole owner of DJE Texas Management Group LLC (DJE), which manages all aspects of acquisition, repositioning, and disposition of single family, land, development, and multifamily projects in Central Texas. DJE has successfully completed over 200 Real Estate renovation projects, with renovation budgets ranging from $10k to $3M+. Devin has been a Principal in over 5,000 units of multifamily. No investor capital has ever been lost on any DJE project.
The DJE multifamily portfolio is managed by DJE Properties LLC, the company’s in-house property management firm. As of November 2021, DJE Properties manages 2,125 doors with an average occupancy of 95%.
---------------
Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.In this guide, created by your host Tyler Chesser, you’ll learn why you do what you do, how to easily institute cues in your environment to trigger
The aggregation of marginal gains, which mirrors our guest’s core value––making even the smallest improvements every day. In this episode, Devin Elder, our second-time guest talks about how he is reading everything on the macro environment right now and what are his insights towards more effective investing.
He also shares with us his 10,000-hour rule to becoming an expert and his timeless wisdom about being in the right peer group; and starting small and iterating after failing. If you're interested in learning more about multifamily real estate and an exciting personal growth journey as an investor and business owner, tune in right away!
Key Points From this Episode
Devin talks about the illusion of time in real estate.
Devin and Tyler talk about getting your life secured while enjoying the present moment.
As an industry veteran and real estate entrepreneur, Devin shares his read on the current macro environment.
The current headwind of the Real Estate Industry: Debt Environment.
The current tailwind of the Real Estate Industry: Rent Growth.
Devin defines and explains why property management is labor force dependent and people extensive.
The next headwind that will create more opportunities.
The 10,000-hour rule to become an expert, applied in multifamily.
How did Mike build adaptability within his growing organization and why is it necessary?
Devin talks about starting small and iterating failure after failure.
How does a peer group that understands his journey helped him succeed?
Devin and Tyler conversed about how being an entrepreneur and investor is a personal development journey.
Technology as a helpful tool but connecting physically as being timeless and considered as an investment.
One of the most important core values: Tiny Improvements Every Day.
Devin’s advice to his younger self and someone like him who’s also dominating the same markets he’s ventured.
Devin shares the keys they have to be more and more successful in a market.
Tweetables:
“I'm 44, 1 year is certain percentage of my life. Whereas when you're 20, one year is a much bigger percentage of your life..” – Devin Elder
“I get this delayed gratification and all these kind of things, but you know, what about securing sort of that win now? Or what about enjoying life now? But, you know, I think you can do both.” – Tyler Chesser
“Instead of saying, I can't afford that. And just shutting down all the powers of your brain, you say, how can I afford that?” – Devin Elder
“You've gotta plug yourself in with a peer group that understands exactly what you're going through. And I would put that honestly as the number one thing that's helped me succeed.” – Devin Elder
"And that's what change is. It's scary. And it's gonna push you outta your comfort zone .” – Devin Elder
Links Mentioned:
Invest with CF Capital
DJE Texas' Website
About Devin Elder
Devin Elder is sole owner of DJE Texas Management Group LLC (DJE), which manages all aspects of acquisition, repositioning, and disposition of single family, land, development, and multifamily projects in Central Texas. DJE has successfully completed over 200 Real Estate renovation projects, with renovation budgets ranging from $10k to $3M+. Devin has been a Principal in over 5,000 units of multifamily. No investor capital has ever been lost on any DJE project.
The DJE multifamily portfolio is managed by DJE Properties LLC, the company’s in-house property management firm. As of November 2021, DJE Properties manages 2,125 doors with an average occupancy of 95%.
---------------
Are you a real estate investor looking to elevate your income, freedom & lifestyle? If so, optimize your daily performance by downloading our free guide, Raising the Bar - 5 Steps to Elevate Your Habits, at elevatepod.com.In this guide, created by your host Tyler Chesser, you’ll learn why you do what you do, how to easily institute cues in your environment to trigger
46 min