sets, although it took him a little while to realize that Class C assets were not the path to riches in real estate.
The horror stories he kept hearing about homes being robbed and tenant damages convinced him that the head- ache-filled world of Class C investments didn’t pay off in the end. “There was a point not too long ago where my senior adviser and mentor, Tyler Wine, said to me, ‘If we are going to build the biggest turnkey production company in the U.S. and survive for the long haul, we can only sell what we ourselves believe in and invest in,’” Dean says. “I knew it would be an uphill battle for myself and the company to perfect selling a higher-class asset to our investors, and I knew I would make some enemies sharing my stories on why I felt Class C assets are not good
PERSONNEL FILE NAME: Carl Dean
“When I was young and hun- gry and didn’t have a lot of capital, I would flip a lot of C Class assets in lower-in- come areas,” he says. “I thought having Section 8 guaranteed rents was a dream-come- true. After growing my knowledge and available capital and moving throughout the United States doing this C Class turnkey model, I soon
COMPANY: American Real Estate Investments, Dallas, TX
PHONE: 888-323-AREI (2734)
GUIDING PRINCIPLES: Quality, honesty, transparency and just doing right by others.
WHEN YOU’RE NOT WORKING: I spend a lot of time with my dog. I play sports, I ex- ercise, and I like to travel and experience new things. FIRST REAL ESTATE DEAL: My first actual deal was where I found an asset that I wholesaled to another investor was when I was about 23. BEST ADVICE EVER RECEIVED: From Ty- ler Wine: “You don’t have to be the smart- est person in the room, you just have to know where you want to go and what it takes to get there. At that point, the only thing that can stop you is you.” TECHNOLOGY YOU CAN’T LIVE WITHOUT: I can live without a lot, but I just can’t live without the Internet or my iPhone. WHAT MOST PEOPLE DON’T KNOW ABOUT YOU: I have a tremendous soft spot for animals, and I love to interact with them and help their well-being in any way I can. I have donated both my time and money to help local animal shelters and founded a small nonprofit called The Right Way Foundation for Animals back in my hometown. FAVORITE QUOTE: “Dream as if you will live forever, live as if you will die today” -James Dean
realized the amount of management nightmares that had come from this.”
34 | think realty magazine | mar :: apr 2016
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