Host: Casey Silveria
Guest: Jordan D’Silva
Jordan DeSilva, CEO of Web City Properties, a real estate investment firm in Dallas, focuses on expanding the company’s portfolio with single-family rentals, multi-family properties, and residential properties. He believes in social impact and has founded a nonprofit to address community issues. Jordan is actively involved in leadership and entrepreneurship initiatives in Dallas to address the undersupply of housing, particularly in multi-family units, caused by zoning restrictions. He advocates for more density and affordable housing in underserved areas, though navigating zoning changes and development can be challenging and requires community engagement. Despite the obstacles, Jordan remains committed to positively impacting the real estate industry.
During the conversation, Jordan emphasized the importance of finding land on a good basis and in a great location to mitigate risks associated with interest rates and construction costs. Once interest rates normalize, deals become more favorable. Recent third-party data should back underwriting, and insurance premiums should consider long-term effects, including after natural disasters.
Jordan highlights the value of patience, finding mentors, and securing good locations while waiting for market conditions to improve. Partnering with experienced developers or hiring development consultants is crucial for newcomers. The book “Dirt Rich” is recommended for land acquisition strategies.
The main takeaway is that it is possible to achieve good returns while positively impacting the community through intentional and creative approaches. Building relationships, increasing tenant satisfaction, and addressing local needs without significant monetary costs can lead to long-term success in the real estate industry.
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Key Points: Real Estate Investment, Communication
Connect with the Guest!
LinkedIn: Jordan Dsilva