Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Devin James

Devin James has started 110 posts and replied 473 times.

Post: Things are looking up in North Port FL

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 482
  • Votes 294
Quote from @Juan Cristales:

Congrats! That's super exciting! What do you think is the catalyst behind the sudden surge in activity? I'm thinking of offering seller contributions to help buyers buy down the rate. 

Juan-


Honestly, no idea. 

So hard to understand whats going on the the market right now.

Post: Which CRM do you Swear by?

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 482
  • Votes 294
Quote from @Richard Majkrzak:

Zoho software is an underrated value for small businesses in my opinion. Most of their apps offer a full-featured trial and a free forever tier, making it easy to explore the value.

As a solopreneur, I subscribe to the Zoho One suite for around $45/month, which gives me access to nearly all their apps—including CRM, Mail, Sites (website hosting), Sign (eSignatures), and Bookings (scheduling).

The native integration between tools is nice—for example, you can create an estimate in CRM, auto-fill a quote template through Sign, and send it for signature with just a few clicks.


 We've decided to work with ZOHO - such a good system. Thank you!

Post: Things are looking up in North Port FL

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 482
  • Votes 294

We currently have 5 homes under contract (to sell)  in North Port, FL after months of minimal interest

The ebbs and flows of today’s market are interesting to experiance

Pricing, demand, buyer confidence are all shifting in real time

But one thing stays constant: Buyers still want well-built homes at a fair price and a smooth experience getting there.

Post: In real estate, you need three things: Time, Skill, and Capital

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 482
  • Votes 294
Quote from @Kyle Vogeler:

Great post - I hope this helps put things into perspective for some of the newer investors. Where you are now is not where you will be years from now, but it also wont happen over night. 

Gaining experience will (hopefully) gain you capital and gaining enough capital will allow you to gain time by hiring employees.


 Yes sir!! Exactly who its intended for.

Post: I just made a $25K+ mistake — and it was 100% on me.

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 482
  • Votes 294

We asked for some pricing adjustments on our current listings. In the addendum they sent over, there was also an extension agreement tucked in. I skimmed the document — like I had a dozen times before — and signed it without catching the change.

As a result, instead of bringing the listings back in-house like we had planned, I accidentally extended the agreement another six months.


I didn’t slow down.

I didn’t read carefully.

I signed something I shouldn’t have.

It was a painful (and expensive) reminder: gotta stay sharp even when something feels routine.

Familiarity can lead to missed details.

And its usually the small stuff that turns into the big stuff.

Always double-check.

Always slow down.

Especially when it feels “automatic.”

Lesson learned.

The good thing is that this $25K mistake today will prevent a $250K or $2.5M mistake later.

Post: In real estate, you need three things: Time, Skill, and Capital

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 482
  • Votes 294

But most of us rarely have all three at once.

When I started in College at 18 (Photo), I had time—but no capital and no skill.

So I found mentors who had the capital and skill, but not enough time.

I offered to cold call multifamily owners for them—and soaked up everything I could.

A few years later, you hit that mid-career stage:

You’ve built the skill, started building capital—but time becomes limited.

Eventually, I see many people graduate to becoming lenders or passive investors—once they have the capital and skill, but no longer want to spend their time in the day-to-day.

Your value shifts with each stage.

The key is knowing where you are now, and who you should align with to grow.

Post: Just because the numbers work, doesn't mean its a good deal

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 482
  • Votes 294
Quote from @Eric Fernwood:

Hello @Devin James,

You are absolutely right about the numbers being misleading. My first investment was a Class C (D?) four-plex in Houston, which appeared to be a cash cow on paper and I estimated an ROI between 12% and 14%. However, reality proved to be quite different.

To summarize, I typically lost about $1,000 each month. This is because I failed to consider the behavior of the tenant segment attracted to this type of property. For instance, I assumed that if a tenant signed a lease, they would remain for a year. In reality, my average tenant stayed only five to seven months. I learned that with cash-based tenants, leases hold little significance.

I also did not anticipate the high number of evictions, averaging about one every two months. The eviction process took two to three months, during which tenants would exploit the system to live rent-free.

In short, the second-best day of my early investment career was purchasing that property. The best day was selling it.

The lesson I learned was that the tenant segment is the most critical element, not the property itself. I learned to select tenants with the right financial behaviors and then purchase properties that would attract them. This shift in approach has proven highly successful.

Sounds like great tuition!

Thank you for sharing

Post: Grateful for my career timing

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 482
  • Votes 294

I’m extremely grateful to have entered the real estate business when I did (2018).

In just a few short years, I’ve witnessed more market shifts, challenges, and lessons than I ever expected:
✅ Historic market boom
✅ Historic rate hikes
✅ Supply chain issues
✅ Uncertainty
✅ Opportunity

It’s been a front-row education that no book or podcast could have provided.

Its exciting to realize that these moments are shaping the foundation for my career.

I'm excited to see what will come from the lessons learned during these early years.

Post: Just because the numbers work, doesn't mean its a good deal

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 482
  • Votes 294
Quote from @Joe Villeneuve:

OK.  I'm going to agree, and disagree here.

A deal IS all about the money.  If the numbers work, it's a good deal.  Here's where I would say instead, "Just because the numbers show a property is a good deal, doesn't mean you should buy the property".  Does that make sense?


 Agreed

If the numbers take into account the external factors mentioned and still work, then I say go for it.

Post: Just because the numbers work, doesn't mean its a good deal

Devin James
Posted
  • Developer
  • Orlando, FL
  • Posts 482
  • Votes 294

The numbers might look great in a spreadsheet…

But here are a few things the financial model won’t tell you:

- What do the neighboring properties look like?

- Are there active buyers in the market?

- How long will it actually take to get to the finish line?

Sometimes it’s not about whether the deal can work—

It’s about whether it’s worth the time, risk, and capital.

Gut checks, local insight, and patience matter.