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

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

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making around a one-hundred percent return on his money, all without the hassle of the creaky floors, poor piping, and outdated electricals of old, “cash-flowing” rental properties.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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Show notes at: https://link.chtbl.com/BPRE

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?

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