Podcast Summary β Developer Mogul Interview (M19 Podcast) ποΈποΈ
Episode Snapshot
- Host: Jav Chavez
- Guest: Anthony (developer mogul)
- Theme: Anthonyβs origin story, projects (single-family, multifamily, mixed-use), lessons, golf & networking (M19)
Key Projects & Results ποΈπ°
Rancho Cucamonga mixed-use
- 176-unit apartment building
- ~9,300 ftΒ² retail (restaurant, coffee, juice bar)
- Wrapped construction with parking core; rooftop pool, gym, community center
- First mixed-use in Rancho Cucamonga; local mandate pushing housing
Prescott, AZ (30 acres β 52 homes)
- Semi-custom luxury homes (2,400β3,700 ftΒ² initially)
- Sales expectation: $950kβ$1.05M β actual sales $1.1Mβ$1.7M, average ~$1.41M
- Overlooks private golf course; strong inbound migration (CA, Pacific NW, CO, IL)
- New deal: additional 90 lots (40 then 50) on 120 acres for larger homes (2,600β4,700 ftΒ²), options for 4-car garage, casitas, hobby garages
Lake Las Vegas, NV
- In escrow on 2 island lots for luxury custom homes (5,500β6,000 ftΒ²)
- Market tailwinds: potential NBA relocation, wealthy buyers relocating for taxes/lifestyle
Los Angeles value-add multifamily
- Acquired
8 buildings (330 units) from 1920sβ1980s under rent-control niche
- Strategy: swap management, renovate units (~$15kβ$20k/unit), raise rents from ~$650 β $2,150 on turnover, refinance to return capital
- Also executed small-lot subdivision builds in Hollywood/Hermosa/Newport Coast spec homes
Origin Story & Background π¨βπ©βπ¦βπ¦π
- Raised in Rancho Cucamonga; parents taught discipline and real estate fundamentals (mother licensed agent; father worked in GE Capital mortgage/appraisal/REO)
- Early hands-on property management and appraisals with family
- Collegiate baseball at Long Beach State (walk-on), learned discipline and teamwork
- Early career: equipment finance, insurance placement, high-interest lending; joined brother in development ~15 years ago
- First projects: flips and spec homes in LA/Newport Coast; raised initial capital from friends, family, business school contacts
Business Strategy & Playbook (Actionable) π οΈ
- Identify undervalued assets in migration-growth markets (AZ, NV, Sun Belt)
- Use phased lot purchases to let market dictate absorption (buy in tranches)
- Value-add multifamily play: change management β renovate on turnover β raise to market rent β refinance & recycle equity
- Small-lot subdivisions: acquire larger lots, subdivide (R3/R4 zoning), build multiple for resale
- Capital raising: friends & family, family offices, golf/lifestyle networking (M19) for GP equity and investor relationships
- Due diligence on migration drivers: jobs, wages, where people live, local demand patterns
Notable Lessons & a Costly Mistake β οΈ
- Lesson: Operational oversights can be expensive and dangerous β e.g., missed code/inspection item (rusted fire escape) triggered a ~$30k required fix during a Koreatown apartment remodel
- Emphasis on compliance, inspections, and liability mitigation to avoid catastrophic outcomes
Lifestyle, Networking & M19 Involvement β³π€
- Anthony uses golf for relationship-building and capital raising (lunches, dinners, courses)
- Joined M19 after seeing it on Facebook; values entrepreneur-focused mastermind + golf trips (Pebble Beach, Pinehurst, Bandon Dunes)
- Travels frequently for acquisitions: evaluates markets in-person (meet brokers, tour land, interview locals)
Current Focus / Roadmap (through 2026) π
- Raise GP equity and investor capital for Rancho Cucamonga construction and Prescott expansion
- Close and design luxury Lake Las Vegas homes; work with architects/engineers to add βcharacterβ to developments
- Continue travel for deal sourcing, networking, and scaling projects in Sun Belt markets
- Anthony describes himself as genuine, humble, continually learning, and open to mentorship and connections
- Contact:
Memorable Quotes π
- βSomeone might be paying $650 a month. Now you're getting $2,150 a month.β β on rent-up value-add strategy
- β72% of the wealth is with the boomers. Now theyβre downsizing β¦ following their kids.β β on demographic tailwinds
If you want, I can extract timestamps, create a one-page action checklist for replicating Anthonyβs multifamily/value-add play, or draft an outreach message template to pitch him or similar developers.