BiggerPockets Real Estate Podcast
Business:Investing
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making around a one-hundred percent return on his money, all without the hassle of the creaky floors, poor piping, and outdated electricals of old, “cash-flowing” rental properties.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 advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices
825: Seeing Greene: Early Retirement, Private Lending, & The $10,000 “Guru” Trap
824: Bankruptcy to Financial Freedom by Following the “No B.S.” Real Estate Rules w/Jason Lewis
823: The Tax-Free Strategy Only Real Estate Investors Can Access w/Mitchell Baldridge
822: Seeing Greene: The 10-Year Real Estate Retirement Plan (Use Home Equity!)
How to Buy Your FIRST Rental by The End of THIS Year (Step-by-Step Plan)
821: From Making $48K/Year to Millionaire By His Mid-30s w/Ryan Tseko
820: The Late Starter’s Guide to Retirement with Real Estate (40s, 50s, or 60s!) w/Kim Woolf Bosler and Kyle Mast
819: What Caused 2023’s WILD Insurance Market (and When Prices Could Fall) w/Robert J. Hamilton
818: From 16-Year-Old Skater to Investing in “Cash Machine” Kmart Conversions w/Mikey Taylor
817: 2 “Slam Dunk” Small Multifamily Deals in 2023 (and Where to Find Them) w/Dan Nelson and Jodi Gauthier
816: Seeing Greene: How to Invest with $20K and “Luxury” House Hacking
815: $10K/Month at 25 Years Old by Buying $100K Properties w/Soli Cayetano
814: BiggerNews: Home Prices to Stall as “Deflation” Concerns Pop Up
813: Seeing Greene: The Real Estate “Red Pill” That Made Me $400K/Year w/Dana Bull
812: 17 Properties in 3 Years Thanks to “Non-Stop Rejection” w/Jason Lee
811: 3 Real Estate Tools That'll Save You DOZENS of Hours
810: Tom Brady’s Coach: You DON’T Need to Be the Best to Get the Best Results w/Greg Harden
809: How 1 Rental Property Saved Corey Kent’s Financial Future
808: This “CARFAX for Properties” Could Change EVERYTHING About Investing w/Sheila Fejeran and Teresa Grobecker
807: How to Build a Deal Flow “Funnel” to Get UNLIMITED Deals Sent To You w/James Dainard and Sam Primm
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
TED Talks Daily
Radiolab
StarTalk Radio
The Inforium
Entrepreneurial Thought Leaders