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Land Education
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In this podcast episode, Daniel Martinez hosts Jared Vidales, who discusses complex real estate transactions, particularly focusing on a stressful deal involving the purchase of 29 houses in Scottsdale. Jared details the strategic approach he used to attract sellers by targeting those who bought homes during the economic downturn and are not active investors. He shares insights into the intricacies of dealing with hedge funds, the complications of escrow, and the legal complexities surrounding large real estate deals. The episode highlights the challenges and strategies in real estate investment, especially in high-stakes, high-pressure scenarios. Introduction of the Episode and Guest (0:00-0:26): Daniel Martinez introduces the podcast episode and welcomes returning guest Jared Vidales, setting the stage for a discussion on Phoenix real estate and a specific portfolio deal Jared has to share. Jared's Real Estate Strategy (0:57-1:36): Jared explains his unique approach to acquiring property by targeting opportunistic buyers from the 2010-2012 period who are no longer active, using personalized letters and portfolio spreadsheets to propose bulk purchases. Details of the Complex Deal (2:02-3:10): Jared dives into the specifics of one of his most complex and stressful deals involving the purchase of 29 homes in Scottsdale, valued at $16 million, and the subsequent negotiation complexities and price adjustments with hedge funds. Escrow and Closing Challenges (6:14-10:31): The conversation culminates with Jared recounting the intense final stages of the deal, including escrow challenges, contract nuances, and a tight deadline that nearly jeopardized the entire transaction, highlighting the high tension and stakes involved in such large-scale real estate deals.
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www.nytfire.com
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www.nytfire.com
Text 📱 210-972-1842
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Text 📱 210-972-1842
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Text 📱 210-972-1842
www.nytfire.com
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www.nytfire.com
Text 📱 210-972-1842
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In this episode, 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
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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