25 Homes at 27 Years Old by Building His Own Rental Properties

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25 Homes at 27 Years Old by Building His Own Rental Properties

Рет қаралды 49,281

Күн бұрын

Episode #888
Do NOT buy rental properties. There’s a MUCH better way to build wealth. And we mean that literally, “building” wealth is the best path. At just twenty-seven years old, today's guest has built twenty-five homes, often making around a one-hundred percent return on his money, all without the hassle of the creaky floors, poor piping, and outdated electricals of old, “cash-flowing” rental properties. So, how is he doing it?
Donovan Adesoro bought his first duplex in 2020. He took advantage of a zero percent down loan program, allowing him house hack a new build for just $3,000 out of pocket. But once he saw how much equity he could make, he realized he had to do more. So, Donovan linked up with other investors, overseeing the new build process in exchange for capital to buy land. He then used the plots of land as collateral for his new construction loans, and within six months, Donovan was the proud owner of a brand new duplex with TONS of equity included.
But if you’re like most investors, you know NOTHING about new construction. Thankfully, Donovan, who wasn’t a builder by trade, breaks down the entire building, funding, and capital-raising process so you can repeat his system and start building your wealth instead of buying it! Plus, Donovan gives ACTUAL numbers on what he’s making for every new home and some expert tips on lowering your costs while selling for a high price!
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4 Vital Points to Consider BEFORE Getting Into New Construction:
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Top 5 Build-to-Rent Housing Markets for Cash Flow and Appreciation:
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Connect with Donovan:
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Instagram: @donovan_builds or / donovan_builds
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X/Twitter: @DonovanBuilds or / donovanbuilds
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Show notes at: link.chtbl.com...
00:00 Intro
01:03 Buying 0% Down Duplexes
06:35 Going All-In On Duplexes
12:30 Builder Tips to Save $$$
16:35 Lending, Costs, and Profits
24:59 Who’s Buying New Homes?
26:23 Does This Work in 2024?

Пікірлер: 54

@theterrygilbertjr 6 ай бұрын

Houston Texas Realtor here & I can confirm Donovan Duplex’s are definitely better than other builders in our market. We just had 25 hit the market.

@embitious630 5 ай бұрын

Info please I’m interested in duplex

@dr.matthewjones4661 5 ай бұрын

What is Donovans contact information?

@claybournewhite4680 6 ай бұрын

60 years old and inspired by this young man. Great interview

@spidaman8888 6 ай бұрын

My three favorite channels: Biggerpockets, Stock Brotha, & How Money Works. Great to watch! 🔥 🔥 🔥

@02nupe 6 ай бұрын

Earn your leisure? 🧐

@robertruschak7083 5 ай бұрын

Great job with the duplexes 👍🏿👍🏿

@TJ-th9hw 6 ай бұрын

Donovan has grown so much from the last time he was on the BP Rookie Podcast. I’m so proud of all your accomplishments. Keep it up! Thanks David & Rob for having him on the show.

@02nupe 6 ай бұрын

Salute to this young brother!

@uguru4170 6 ай бұрын

Following you daily from Turkey, thousands of miles away and learning lot of stuff. Thx a lot guys. 😊

@TheNelsonsGo 4 ай бұрын

We were in Turkey for 9 months

@Bedalit 6 ай бұрын

I just found y’all. You guys sound real, I’ll do your strategies and report back to y’all. Keep doing this, people needs hope ❤

@evefavorse5939 2 ай бұрын

Incredible genius level moves at such a young age! I’m 60 and want to be like him when I grow up!

@themarkandmelteam 6 ай бұрын

We can see these transactions working 2 to 4 years ago but not in today's inflated market, with peak housing and building costs! However, because of the downturn in home prices in some areas of Arizona and Texas, we are starting to see a few deals available again.

@Falcon8856 4 ай бұрын

Love the concept of adding value to the market instead of simply buying for cash flow!

@collinbaptiste5619 6 ай бұрын

Donovan, you're a flipping genius, bro 👏🏾 🎉🎉

@RiskOnRealEstate 6 ай бұрын

I’m looking to buy a new build duplex in the next few months . I’ve got the cash to buy a lot in that neighborhood outright . Building it would be awesome with a loan product like that . I’m interested .

@jamesmckinney8926 6 ай бұрын

I custom built my STR Best decision ever! Family Vacation Destination: “Brand New Farmhouse” on Airbnb located in Summerville, GA 6 bed, 6 bath, Pool, Hot Tub, Sauna, Wrap Around Porch!

@ElderFreeman413 5 ай бұрын

Love these construction focused videos

@adriennerecco 6 ай бұрын

I love your business plan. Same thing I've been thinking about doing. Id love to connect with you to brainstorm my next steps.

@brianbatista1368 5 ай бұрын

California Architect here - there is no such thing as a commercial building department vs residential building department. The building codes you use are governed by the use of the buildings which in this case are all 'R, Residential'. The CRC applies to everything from a single family home to a 100 unit building and it is the same building department looking at the drawings.

@Lavonwoods 6 ай бұрын

Good stuff Donovan! The sky is the limit man. Houston duplex market is hot.

@gokoronkwo 6 ай бұрын

Great interview. Donovan is the real deal.

@franrub9234 6 ай бұрын

Love you GUYS!!! I never miss any show. Thank you!!!!!!!!

@embitious630 5 ай бұрын

I wanna do what he did to start in real state, i am a single mom of 3, i hope he can guide me through

@jayknox6319 4 ай бұрын

It’s refreshing to see young smart black men 💯

@FLYCREWPRODUCTIONS 6 ай бұрын

Nice new video I love the fact y’all drop new content every week

@Lawrence_of_Asia 5 ай бұрын

Very well Spoken! Super wise!

@binarydimensions336 6 ай бұрын

I'm curious to find out of what stack of books📚are those behind David Greene. Great inspiration.👏 Thanks guys

@leeroach3381 6 ай бұрын

Very helpful Thank you for sharing

@PS3PS3PS3PS3 6 ай бұрын

How did he get 25 homes in 4 years???... I'm 2 years in and I only have a duplex and a single-family home. Buying another one this year... Im doing well though, I guess everything's relative to each individual

@stevedepalo8821 6 ай бұрын

I’m halfway thru and doesn’t seem like talk about how he scaled.

@hollywoodclipp 6 ай бұрын

Find other ways to buy other than just traditional

@bluebutterfly4308 6 ай бұрын

He's getting investors to foot the bill for him

@theterrygilbertjr 5 ай бұрын

Investors to help out & split the profit.

@edgardojove6468 5 ай бұрын

when you arent using your own capital.....scalability becomes much easier

@Lightos 6 ай бұрын

Now this is a real engineer! Worked on the math on everything!

@JonJohnsonRealEstate 5 ай бұрын

Great vid Thank you

@slikio9965 6 ай бұрын

Awesome brother!🙌🏽👍🏽

@SergioB-MakingMillionaires 5 ай бұрын

Build from ground up? 🤔 Interesting!

@WSTuning 5 ай бұрын

@biggerpocket, Do you know if his construction costs were per unit or for the whole duplex? I've been trying to pencil numbers in my area and construction costs here may not make this strategy feasible. Thanks!

@JGComments 5 ай бұрын

Bro sidestepped the money pit problem!

@jakefromstatefarm1381 4 ай бұрын

$3000 closing on a 275k duplex that's cap

@tnorth7090 6 ай бұрын

why would you build duplexes and not semi-detach homes. 2 semi's would sell for 50k+ more each

@tnorth7090 6 ай бұрын

is biggerpockets available in canada

@pos3334 3 ай бұрын

so no income verification....

@joevince6066 6 ай бұрын

Beast

@seanyork7460 6 ай бұрын

@ 1800/Unit - Construction Costs are about $80/SF?

@WSTuning 5 ай бұрын

This is what I'm trying to figure out. What are the /SF numbers on this?

@jjfade2391 6 ай бұрын

How are you getting away with your tax guy/ IRS not saying you’re a business now. I flip houses and used to be short term capital gains but ny tax guy says because I do it every year it has to be filed as regular income with self employment taxes? 😫😫

@gandr.e.5136 6 ай бұрын

You have a terrible tax person. H&R Block is not your friend.