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In this episode, Anthony interviews Devon Elder, a real estate investor based in San Antonio, Texas. Devon shares his journey from corporate life to real estate, starting with a small house purchase in 2012 and growing his portfolio to over 2,450 apartment units and large land holdings. The discussion covers various aspects of real estate investing, including land acquisition, apartment complexes, Flex industrial properties, financing strategies, and the benefits of owner financing. Devon emphasizes the importance of systems, long-term goals, and maintaining a balanced lifestyle while scaling a real estate business.

[0:00 - 1:22] Introduction and Devon's Background

Anthony introduces Devon Elder, who shares his start in real estate in San Antonio and his impressive portfolio growth.

[1:22 - 4:50] Love for Land and Outdoor Lifestyle

Devon discusses his passion for land, sharing experiences like hunting on his properties and the unique benefits of owning large tracts.

[7:03 - 9:26] Investing in Apartments and Flex Industrial

The conversation shifts to Devon's multifamily and Flex industrial investments, highlighting the advantages of commercial tenants.

[20:56 - 22:54] The Power of Owner Financing and Note Stacking

Devon explains how owner financing and stacking notes have become a key strategy for long-term growth and cash flow.

[33:34 - 36:05] Effective Capital Raising Strategies

He shares insights on building a strong investor base, leveraging newsletters, and maintaining consistent communication to raise capital effectively.

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hivemindinvests.com

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Help support the show. https://anchor.fm/hivmindcrm/support

In this podcast, the speakers discuss the current challenges and strategies in the land investment market. They emphasize the importance of buying properties at the right price, especially in a declining market, and share insights on pricing strategies, including underpricing to sell quickly and the risks associated with properties on dirt roads. They also discuss the increasing role of seller financing, raising capital, and using AI tools to streamline processes such as drafting contracts and calculating property payoffs. The speakers highlight the significance of adapting to market changes and leveraging technology to stay competitive.

[0:00 - 1:47] Market Conditions and Opportunities

The speakers discuss the current state of the land market, noting that despite a low point, there are significant opportunities for investors who buy wisely.

[1:47 - 3:47] Pricing Strategies in a Declining Market

They emphasize the need to buy properties at lower prices and underprice them to move quickly in a challenging market.

[4:51 - 6:04] Leveraging Agents and Brokers for Property Sales

The team shares how they are actively involving agents and brokers in property sales and hint at launching a unique disposition campaign.

[11:04 - 12:10] Using AI for Real Estate Transactions

Discussion on the benefits of using AI tools to streamline tasks such as calculating payoffs, drafting contracts, and analyzing offers.

[52:55 - 57:02] Raising Capital and Finding Investors

They offer tips on raising capital, including using third-party credibility and leveraging relationships with friends, family, and new investors.

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hivemindinvests.com

Text 📱 210-972-1842

Help support the show. https://anchor.fm/hivmindcrm/support