This episode is brought to you by Presario Ventures, a private equity real estate firm based in the booming Austin, Texas, market. To learn how to invest in the future of Texas with Presario Ventures, visit info.presarioventures.com/bestever.
Ash Patel engages in a captivating conversation with Darin Davis, principal and co-founder of Presario Ventures, based in Austin, Texas. Together, they explore the evolving landscape of commercial real estate investing, with a particular focus on the multifamily sector. Darin shares his extensive 22-year journey in the real estate industry, revealing how he transitioned from a corporate background to become a pioneering multifamily investor.
Key Takeaways:
- The Art of Acquiring at a Discount: Darin emphasizes the importance of purchasing properties at a discount. By not overpaying and targeting Class A properties in areas with strong demographics and job growth, investors can secure solid returns.
- Economic Perspectives and Predictions: Darin recalls the challenges faced during 2008-2010 and how his team successfully navigated through the economic downturn. He offers predictions on interest rates and provides insights on the looming economic headwinds, suggesting investors should be prepared for current rates to hold for the next three years.
- Importance of Due Diligence and Trust: The discussion highlights the critical role of due diligence in safeguarding investor interests. Darin touches on the HUD insured loan program, its benefits, and its application. The necessity of establishing and maintaining trust with investors is also underscored.
Darin Davis | Real Estate Background
- Principal and Co-Founder, Presario Ventures
- Portfolio:
- Multifamily
- Self-storage
- Retail
- NNN
- Based in: Austin, TX
- Say hi to him at:
- LinkedIn
- presarioventures.com
- Best Ever Book: Bill O'Reilly's Killing Series
- Greatest Lesson: Don’t be afraid to go through an economic downturn. It will give you immeasurable experience to take with you moving forward.
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Presario Ventures
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