Multifamily Development vs Acquisition with Darin Davis

Darin Davis is Principal and Co-Founder of Presario Ventures.  He has over 18 years of real estate experience involving acquisition, development, management, and dispositions. In 2002, he founded his first 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 $500,000,000 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 the great state of Texas.

 

[00:01 - 04:54] Opening Segment

• Get to know Darin Davis
• Darin shares about his life and starting Presario Ventures

 

[04:55 - 10:29] Invest in Multifamily Development

• Why should you invest in multifamily development?
• “We were losing!” 
• The Good Side of Investing in Multifamily Development 

 

[10:30 - 31:18]  Multifamily Development vs Acquisition

• Resources, Development, Market Downturn, and Costs
• Inflation is the big buzzword now!
• Darin talks about sensitivity underwriting
• When does debt become your friend?
• “That’s not us!”: A Unique Way of Finding Assets and Catering to their Specific Markets
• What is Build To Rent?
• BTR Costs versus Apartment Costs
• Here’s What You Should Do when Evaluating Your Deals
• “It’s based on them first.”
• Darin endorses Tom Burn’s book, Why Doctors Don’t Get Rich
• How Darin and Tom started their partnership with one another
• Levelling up Your IRR in Six Weeks
• Why Focus on Either Multiple or Cash on Cash

 

[31:19 - 41:25] Closing Segment

• Quick break for our sponsors
  • Groundfloor offers short-term, high-yield real estate debt investments to the general public. Check www.passivewealthstrategy.com/groundfloor/ to get started.
• What is the best investment you've ever made other than your education?
  • Their team
• Darin’s worst investment
  • Not listening to the people closest to him

• What is the most important lesson that you've learned in business and investing?
  • Building a relationship 
• Connect with my guest. See the links below.

 

Tweetable Quotes:

“We have so much more control.” - Darin Davis

“We put a lot of space between the good and the probable.” - Darin Davis

“Be actionable.” - Darin Davis

“At some point, it’s okay to say ‘no’.” - Darin Davis

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Connect with Darin Davis through info@presarioventures.com and LinkedIn.  Visit their website https://presarioventures.com/. Grab a copy of Why Doctors Don't Get Rich.

 

Invest passively in multiple commercial real estate assets such as apartments, self storage, medical facilities, hotels and more through https://www.passivewealthstrategy.com/crowdstreet/

Participate directly in real estate investment loans on a fractional basis. Go to www.passivewealthstrategy.com/groundfloor/ and get ready to invest on your own terms. 

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