207: How to Achieve Greater Success by Doing Less with Devin Elder | Bigger Pockets Podcast
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 The BiggerPockets Podcast, where Josh and Brandon sit down with real estate investor Devin Elder about how he’s been able to scale his business by doing fewer and fewer tasks. You’ll learn how he went from a single family rental in 2012 to buying multiple properties each month. We cover the topic of BRRRR investing, fix and flipping, using private lenders, getting started with no money, and lots more. Stay tuned for this powerful episode!
In This Episode We Cover:
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
BiggerPockets Forums
BiggerPockets Webinar
BiggerPockets Podcast
Buildium
Investor Carrot
Tim Ferriss’ Podcast
Books Mentioned in this Show
The Book on Rental Property Investing by Brandon Turner
The Book on Flipping Houses by J. Scott
Investing with No or Low Money Down by Brandon Turner
The Book on Tax Strategies by Amanda Han
80/20 Sales and Marketing by Perry Marshall
Rich Dad Poor Dad by Robert Kiyosaki
The Millionaire Real Estate Investor by Gary Keller
Elon Musk by Ashlee Vance
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
Devin’s BiggerPockets Profile
Devin’s Website
Devin’s Company Website – We buy houses San Antonio
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