888: 25 Properties at 27 Years Old by Building His Own Rentals w/Donovan Adesoro

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making around a one-hundred percent return on his money, all without the hassle of the creaky floors, poor piping, and outdated electricals of old, “cash-flowing” rental properties.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!

Episode 888 of the BiggerPockets Real Estate Podcast podcast, hosted by BiggerPockets, titled "888: 25 Properties at 27 Years Old by Building His Own Rentals w/Donovan Adesoro" was published on February 7, 2024 and runs 36 minutes.

February 7, 2024 ·36m · BiggerPockets Real Estate Podcast

Summary

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making around a one-hundred percent return on his money, all without the hassle of the creaky floors, poor piping, and outdated electricals of old, “cash-flowing” rental properties.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! In This Episode We Cover: How to build a new construction rental and make a HUGE equity gain Whether or not new construction is STILL worth it in 2024 with higher prices Why you should build DUPLEXES over single-family homes, triplexes, or bigger properties How Donovan raised private capital almost entirely through social media The new build process, from laying the foundation to finishing and beyond How to save a TON of money with tiny square footage tweaks  And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Join BiggerPockets for FREE Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area Expand Your Investing Knowledge With the BiggerPockets Books Be a Guest on the BiggerPockets Podcast Ask David Your Question David's BiggerPockets Profile David's Instagram Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's X/Twitter Rob's YouTube Hear Donovan’s “Real Estate Rookie” Episode 4 Vital Points to Consider BEFORE Getting Into New Construction Top 5 Build-to-Rent Housing Markets for Cash Flow and Appreciation Connect with Donovan: Donovan's BiggerPockets Profile Donovan's Instagram: @donovan_builds Donovan's LinkedIn Donovan's X/Twitter: @DonovanBuilds Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-888 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

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