The development side of real estate investing is not often viewed as the easiest way into the business. Our guest today, Darin Davis from Presario Ventures, offers a slightly different perspective on the topic, and he talks about how he and his company shifted the model to suit their needs as well as their clients. We get to hear from Darin about his venture into real estate and the first steps he made with his partner, which eventually grew into their current business.
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We talk about pursuing the different asset classes and why Darin has found a good fit in multifamily before looking more deeply at the lessons Darin took from his early deals. We get into the strategy that Presario has for safeguarding against a downturn and their generally cautious philosophy and policies. Darin tells us how his love of his work makes it an easy job to do and takes away the challenges of self-discipline, making every day exciting! We also talk about Darin’s dislike of failure and his attitude towards learning, teaching, and providing for his family. Make sure to tune in for this great chat with Darin Davis!
Key Points From This Episode:
- How Darin got started in the business of real estate and his early days in the game.
- Why to choose development and the reasons that Darin has made it a focus.
- Darin’s thoughts on different asset classes and their utility to his business.
- The lessons that Darin learned on his first few deals and what he would do differently now.
- Darin’s thoughts on a defensive preparation for a downturn.
- Unpacking the usefulness of a HUD loan and who they best suit.
- Darin’s predictions for the short term future of the real estate markets.
- Why it helps to love what you do when striving for self-discipline.
- The focus that Darin has put on his ‘why’ — his commitment to taking care of his family.
- Darin’s business improvements during the pandemic.
- Thoughts on meeting new investors and the importance of these connections.
- How a commitment to success has served Darin in his business and kept him moving forward.
- Darin’s focus on providing and educating the youth and the forms this takes.
- How to find and connect with Darin and his company online!
[bctt tweet=”Even though we’re in the development space, we’re not truly developers. We’re the capital that supports the developers. — @LIVdarin” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Darin Davis
Darin has over 16 years of real estate experience involving the acquisition, development, management, and dispositions. In 2002, he founded his first company with an initial emphasis on land entitlement, multi-tenant, and Class B commercial retail centers. In 2009, Darin co-developed his first multifamily project in Austin, TX. Since then he and his business partners have focused their efforts on the multifamily sector primarily in the Texas marketplace. As a Sponsor and General Partner, he has directly participated in securing over $400,000,000 in debt and equity for acquisition and ground-up construction. Darin is experienced in Public-Private Partnerships and HUD-insured loan products. He is an honored alumnus from the University of Oklahoma, and he and his family currently reside in Austin, Texas.
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