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

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 estateHow he got a mentor to help him get his first dealWhat exactly equity capture isWhy the BRRRR strategy is so niceThoughts on his market, San AntonioDevin’s main focus as a real estate investorHow his business worksThe importance of creating systems and not doing things you don’t enjoyWhy you shouldn’t reinvent the wheel How he decides if he flips, holds, or wholesales a propertyHow he finds his dealsHow to figure out if someone is fudging the numbersThe mechanics of his marketingThe story of a deal that went wrongWhat makes him proud about how he does businessThe name that comes to mind if he heard the word “inspiration“What the future looks like for DevinAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets WebinarBiggerPockets PodcastBuildiumInvestor CarrotTim Ferriss’ PodcastBooks Mentioned in this ShowThe Book on Rental Property Investing  by Brandon TurnerThe Book on Flipping Houses by J. ScottInvesting with No or Low Money Down by Brandon TurnerThe Book on Tax Strategies by Amanda Han80/20 Sales and Marketing by Perry MarshallRich Dad Poor Dad by Robert KiyosakiThe Millionaire Real Estate Investor by Gary KellerElon Musk by Ashlee VanceTweetable 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 DevinDevin’s BiggerPockets ProfileDevin’s WebsiteDevin’s Company Website – We buy houses San Antonio