The Journey (with Leo Young)
In this episode of The Journey, Leo sits down with Adriana Barrero, co founder of Elan Equity and a seasoned real estate operator with nearly three decades of experience across residential, development, multifamily, and commercial real estate. Adriana shares her journey from immigrating to the United States with 300 dollars to building and redeveloping properties in Austin’s urban core. She explains how resilience, pivoting through adversity, and long term thinking shaped her approach to investing. The conversation dives into underwriting discipline, sponsor vetting, conservative projections, and why values matter more than marketing decks. If you are an investor who cares about durability, integrity, and protecting capital through market cycles, this episode offers hard earned perspective from someone who has taken deals full cycle. Key topics covered * Why pivoting is the most important skill in business and investing * From immigrant beginnings to full cycle multifamily operator * Lessons learned from flipping, wholesaling, and ground up development * Why multifamily fits the “basic necessity” investing thesis * Red flags in underwriting and overly optimistic projections * How cap rates really impact long term outcomes * The importance of sponsor background checks and due diligence * Why “conservative” is often misused in investment decks * Values, honesty, and protecting investor capital * Thinking in probabilities instead of promises Timestamps 00:01 Adriana’s background and introduction 00:44 Biggest lesson learned this year 03:51 Immigrating with 300 dollars and building from scratch 06:11 Moving internationally and discovering real estate 08:14 First unexpected real estate win 10:40 Transition from residential to multifamily 14:54 Hard lessons from development projects 18:00 Pivoting and problem solving in real estate 20:26 Entering commercial real estate 22:17 How Adriana underwrites deals 28:11 Vetting sponsors and background checks 30:51 Most important trait in an operator 32:21 Why “conservative” is often misused 34:30 Proving doubters wrong 🤝 Connect with Adriana Barrero LinkedIn: https://www.linkedin.com/in/adriana-barrero/ [https://www.linkedin.com/in/adriana-barrero/] Facebook: https://www.facebook.com/adriana.barrero.193648 [https://www.facebook.com/adriana.barrero.193648] Website: http://elanequity.com [http://elanequity.com] Email: Adriana@ElanEquity.com [Adriana@ElanEquity.com] Connect with Leo LinkedIn: https://www.linkedin.com/in/leo-young [https://www.linkedin.com/in/leo-young] Instagram: https://www.instagram.com/leoyoungrealestate [https://www.instagram.com/leoyoungrealestate] Invest with us: https://tidycal.com/leoyoungrealestate/investor-alignment-call [https://tidycal.com/leoyoungrealestate/investor-alignment-call] Support the show If this episode brought you value, follow, rate, and share the podcast so more investors can discover conversations like this. Disclaimer This podcast is for educational purposes only. It is not financial, legal, or tax advice. Always consult licensed professionals before making investment decisions.
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