25-Year-Old Real Estate Developer Building 20 DUPLEXES!
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- เผยแพร่เมื่อ 28 ธ.ค. 2021
- Donovan is a 25-Year-Old Real Estate Developer with no previous real estate background who is now building 20 duplexes on the south side of Houston, Tx. He started out house hacking his first duplex, and now he is a home builder. Listen as he drops major gems on the process as he begins to build wealth.
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Watch PART 1 of the follow-up Interview with Donovan.
• 26 Year Old Real Estat...
Watch PART 2 of the follow-up Interview with Donovan.
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@Donovan_builds
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This guy's success comes from believing in himself, taking the risk and executing a plan. Pull the trigger!
You got to pull the trigger! FACTS!
Appreciate it!
@@donovana.6177 good work smart and had faith to do work
@donovona.6177. Any updates on this venture? Great information! 👍🏽
A two-story Quadplex is where the money is at. Live in one unit, rent three units, and make some money while living free. Most towns allow a maximum of a quadplex without special permits.
I thought this was going to be just an interview lol. The amount of valuable Information dropped in this vid is CRAZY.
Thanks, Please subscribe. I’m dropping a follow-up interview with Donovan this week.
I love your commitment to affordability and the way you are using an owner/landlord model to help your buyer generate equity and live affordably. That's good community building!
I agree, changing one’s mindset makes a big difference! Congratulations and keep going!! I am about to start building a 10 unit duplex and super excited because this has been a dream for the past 5 years!!!
I love listening to him, so intelligent and knowledgeable.
ALL BLACK MEN NEED TO BE PARTNERING AND DOING THIS!!!!!!!...THIS IS RESPECT!!!!
Too many cooks in the kitchen.
Most of the men I know are doing this and More Men are Moving on from the female perspective.❤
Good Information. As a Licensed GC and Land Developer Donovan is off to a good start and knows the science behind being a real estate developer. This will help him be sustainable in this business.
Hi Derrick I am looking for Single Family Land Developers in GA and in Texas I have Land That needs to be Developed
This is inspiring! Please keep us posted on your journey!
Appreciate your transparency.
Keep grinding!!
Love this Congrats to you & much much much future success. I’m now ready also! Now is the time!!
Drove by this last week. Great to see the story behind it.
Great video, Lots of incredible information here!
May be one of the most useful videos on this topic I have watched
I love that you are focused on affordable homes and keeping people working. We are doing the same. We buy/build housing that someone who is working a normal job can afford to rent or buy.
Please show more of these videos. Absolutely inspiring and I love how his BELIEF is there!
Thanks for watching
This is awesome, this channel is definitely on the come up
A lot of great information here, great job!
Huge congrats and respect to this young man. Absolutely awesome.
I learned from your duplex video when I was starting out!!
@@donovana.6177 no way! That's fantastic! Makes me incredibly happy to see people executing on the knowledge we share. Congratulations on your success!
Just found your channel and love it! Can't wait to be featured on it
Congrats 👏🏾 I just purchased my first commercial building. Just do it! It's worth it! 🏢🏠🏃🏾💰
Love the story! This definitely just motivated me
Thanks for watching
Very informative. Great video!
Glad it was helpful!
Great overview… spot on. It’s about doing and making it happen. Educate and execute!
Thanks for watching
Immensely impressed by him!
Wonderful content indeed
When I listen to this young "Mighty Man of Valor" he reminds me of some very wise words, ..."let no one despise your youth..." I often tell others-it's really not the time-but what you do with that time that determines your level of experience-because I have met many people with titles and had/have them titles for many years and has not truly positively impacted few to no lives-I will continue to follow this young man because he has truly help inspired me to keep pushing and involving my young mighty man of valor on our Mom and Son journey as Legacy Wealth REI and motivators :)- Awesome, Enriching, and very impactful-young man-many nuggets you drop in here!!! :)
I've watched SEVERAL videos. Yours, Donovan was VERY helpful. Keep posting please. Break down each step from purchasing the lots to construction loans, etc. THANK YOU FOR YOUR TIME!
As form of restitution for all of the over 1,200 Freedmen's townships that were burned down and bombed, native Blacks or Freedmen should not have to look for loans or apply for any, when the federal money already belongs to us by federal birthright and it is what we are OWED. Freedmen's reparations and no more of our federal funding going to black people or mixed race who are not descendants of United states abolition and are not focused on prioritization of LINEAGE, Freedmen's historic preservation, or building new Freedmen's districts like how there are stupid and now pointless Chinatowns all over the place... Freedmen have unique federal claims here and not all "black success" is the same. Foreign background having blacks or mixed race with families from abroad do not have the same federal claims and entitlements and their families don't have the same issues to deal with. If this man is not one of the Freedmen then he is not one of my people and if he is one of the Freedmen then he possibly had financing help. What irks me is how our people are not trying to raise the money ourselves. Screw a loan, that could take decades to pay off!!! We have enough debt!! We need to raise our own money!
Great video!
I need that layout of his duplex! This is 🔥
This dude am inspiration. U can read all you want, but action is where it's at. Just like he said, can't explain how to do it....just jump in and do it!
Spot on, Respect and Subscribed.
Do it while we are young, forget parties and bull sheet,
Stay humble, act like the bread is to expensive, till they figure out you own the bakery.
Amen.
OMG , I cant emphasis enough how impressed this guy got me. I love his videos. Im 20 doing my diploma for real estate management. I'd like to be a developer someday in the near future. Thanks for sharing this great videos.
Awesome interview 🙌🏽
Thanks for watching
Great work. No hemmimhg and hawing . Just keep in it simple and getting it done.
I got 4 teen agers kids, I'm going to make em watch this video, inspiring what this young man is doing, keep the good work.
Spread the word because knowledge is power. Most people don’t know that anyone with the drive can do what he is doing.
Why don't you do it and allow your kids to watch YOUR progress?
@@yungbfresh1 we are working on it, we're trough the process of getting a heloc to buy our second property.
OUR FIRST FAMILY BLACK MALE MEETING IS IN TWO WEEKS!!! I JUST BOOKED IT BASED OFF OF THISSS VIDEO I JUSTED WATCHEDD!!!!NO EXCUSESSS!!!!..BECAUSE THESE MEN ARE GONNA BUILD WHETHER THEY LIKE IT OR NOT!!!!!!!!!!!...NO FAILURES!!!..NOT IN MY FAMILY!!!!!!!.......IF THIS 25 YEAR OLD YOUNG MAN WITH NO EXPERIENCE AND NO MONEY IS OUT HERE DOING IT THEN THERE ARE NO EXCUSESSSS!!!!..NOT ONE!!!!
Thank you, sir
DANG this video was good! 💪
(Edit) That house was absolutely based too. 🔥
👏🏾 way to go
You’re from MN?! Same that’s so inspiring. Continue doing your thing!
Yes! Thank you!
Great start. Good luck👍👍
Thank you 😁
Thank you
Thank you for sharing
Thanks for watching!
Impressive!
That’s a really nice duplex!
Thank you# Respect ❤❤
thank you
Before starting new construction, you should ascertain an APPRAISAL PER PLANS AND BLUEPRINTS to avoid appraisal issues.
Great Information this is my new career field I’m choosing I have a vision plan .
Thanks for watching
Good work! Can you show the duplex
Awesome job young man.
Christine
That’s dope I’m from St. Paul MN
I’m dropping a follow up video with him soon!
Nice video man
Appreciate it
Good job
THANK YOU FOR NOT DANCING OR RAPPING. YOUR JOURNEY IS PLEASANT TO SEE AND EDUCATIONAL
🙄 Hardy har har.
I like the way you are managing risk etc.
I'm at a point in my life where I want to be the first to generate generational wealth for my family but I can't risk being leveraged to the nuts.
I'm planning to build a single family home or possibly twin-homes 1 at a time every few years as I can cash flow them. My income is up and I've been saving for a while. I could generate $2200 a month as long term rentals, or $50k a season as short term rentals.
Once I get to a stable $12k a month after tax income I'll quit my 8-5. Just keep going. Build a new one every few years.
Amazing
Thanks
he is awesome
what lender are you using?
JUST DO IT!!!!!!!!!
Share the square footage of the duplexes please
i'm in the process... would be super helpful if i could check out the floor layout/blueprints of this one.. any help is appreciated , I need it ASAP lol
Yes, love that he’s from Minnesota!! That’s my bit of motivation to keep going. I’m 21 from Minnesota as well looking to advance my real estate career!!!
Go for it!
Being born in Minnesota doesn't make him one of the U.S. freed slaves by lineage/heritage. Is he from a FOREIGN FAMILY BACKGROUND who just HAPPENED to have been born here? And is his mother even "black"? Or is he another half breed?? Is he racially black and part of the Freedmen's cultural heritage/lineage?? If not then he is an ANCHOR BABY, PERIOD. If he is not an anchor baby then it would help MORE if he was telling all of these black males and so called biracial bastard mixed males to stop chasing bitches who aren't black and focus on building up new housing and stores for our people like they were supposed to have done more than fifty years ago. This is what the Civil rights movement was really supposed to have been about instead of forcing all ethnic groups of white people to integrate and obsessing over legalized miscegenation. The fact that a 25, now 26 year old had to step up to the plate and do some stuff like this goes to show that the males over thirty five, over forty and over FIFTY FAILED THE PEOPLE AS A WHOLE HERE IN AMERICA and that goes for these disrespectful and arrogant black immigrants who won't stop moving into historic Freedmen's neighborhoods opening Caribbean and African restaurants and cultural centers. They did this shit to us all across the country and refuse to leave our districts.. we are in need of whole new districts that will be under protected covenants. When we were under separate but equal laws our idiotic forbears gave up our advantage and ruined the culture, period!!
I had already started doing skilled trades work younger than this dude in Arizona and I am a woman so this doesn't fascinate me and neither do people with Latin sounding surnames who mistreated me when I was training in this line of work. Oh and if these so called Black developers are not talking about communities that are not strictly for American freed slaves and where I don't have to see anymore ugly super whitewashed half breeds, anymore meth or heroin users with black dudes, and no more crack heads then I don't want to hear it!! If the new complexes and neighborhoods are still bringing in white Mexicans, Caucasians and other white supremacists then I don't want to hear about it!! I want the same neighborhood exclusivity that Italians, Chinese and other politically protected groups have!!
@@buildingwealthwhileblack What would also help is making sure that all of these black and biracial immigrants who won't stop invading Freedmen's neighborhoods and districts across the nation start getting questioned and dealt with legally and politically, that they are ALL uprooted from our United States freed slave enclaves and the males from those foreign black nation groups are heavily scrutinized for pushing further immigration and ostracized for not building up and cleaning up their villages abroad and refusing to return gone, refusing to stay out of Freedmen's federal claims discussions and also staying the fuck out of black wall street conversations that has nothing to do with foreigners. This one man is not going to be enough to fix all housing injustices happening against United States freed slaves across the country in both rental and home buying and nothing is being said about reclamation of homes that were stolen from Freedmen either. That is what I am focused on. No disrespect to this man for trying but until I see my demands being met for Freedmen then we are still by majority of us stuck at a standstill. And until I see discussion from black men and so called half black males about assembling building teams nationwide, stopping all of this stupid ass marching and protesting, stop fucking making making of these ugly half breeds and "new white" children and making sure that our new housing is not "amalgamated" or whitewashed and there are no dickheads or sneaky black females laid up with rednecks, migrants with no papers, or other outsiders then I don't want to hear it.
I want exclusivity and priority put upon native U.S. Blacks or no more talks about "excellence" period until those problems are solved with permanent solutions.
Really would like to sit down and pick this guys brain man I’m around the same age and would like a lil mentorship
Nicely done bro! I’m 33 living in Seabrook, staring the same journey. I have one rental and done one flip
KEEP GOING!!!!!!!
I’m 33 I haven’t started yet I’m working on my credit now it’s in the 740 just trying to see which route to take and I been with Navy Federal for 3 years
I'M USING THIS AS MY FIRST BLACK MALE FAMILY MEETING!!!!!!!...THIS IS CRAZY!!!!....A HIGH LEVEL MINDSET IS THISSSSSSSSS!!!!!!!!.......UNBELIEVABLE YOUNG MAN!!!!!!UNBELIEVABLE!!!!!!!HE OUT HERE WITH ZEROOOOOO EXCUSESSSSSS!!!!!!!!DOINNN THE DAMMMNNNNN THANGGG!!!!THIS IS AN "ALPHA MALE"..THIS IS A "HIGH LEVEL MINDSET HUMAN BEING"...THISSSS!!!!!
he's smart- educated and engineer that why he is a success and he used faith and did work.
WHY CAN'T I DO THAT!!!!!!!!!!!MINDSET!!!!!!!!!!!!!!!!!JUST DO IT!!!!!!!!!THIS IS CRAZZYYY!!!!!!!!!!NO EXCUSESSSSSSSSSSSSS!!!!!!!!!!!!!
Great job. I'm an East sider JHS 87
Where this duplex houses available??? Address plzzz??
Is it better to built or renovate existing house? What you think guys
I’m a GC in North Carolina. Taking the chance and believing in yourself is key
Which part of NC? Im a realtor here in Charlotte
@@WandoTheMachine I’m building in Lenoir County, Johnston and Lee County
Thanks for watching
I didn’t know you could sell individual units in a duplex. I thought you could only rent them out. Great info
Donovan sells the duplex, not each individual units.
@@buildingwealthwhileblack got it, thanks
Where did he find the builder/contractor?
My son is 22 I would love for him to learn this, I wanna learn Real Estate Development
Thanks for watching
Donovan, what would happen if you found a way to keep all these duplex’s or atleast a couple that your building
That’s actually the plan! Want to keep about half
This is awesome…how can I connect with him?
Hey Donovan I been watching yours videos
I would like to know what bank do you use to get the loans I’m trying to get in same business with my two boys I would appreciate if you know which bank will be best thanks 😊 😊
If you have land owned free and clear in Texas I know a company that will finance your build
What was the zoning for the land that he purchased? I'm atempting to do the same thing and looking for land, but my issue is I can only find land for single family housing in/near a subdivision. I cannot find lots that can be used for duplexes. Should I look into commercial lots? I'm in the metro Atlanta area.
Nah just keep looking or go outside ATL or to NC or FL nearby
Houston Texas has very laxed zoning laws. Unfortunately I do not know the laws in your city.
I got a question... When the appraisal doesnt meet purchase price(selling for 300k but valued at 280k) and you say you need to make up the difference, how do you make up the difference? Like, do you add more things to the property to increase its appraisal, or do you literally come out of pocket $20k? That part confused me(im a new investor), would appreciate it if someone could explain. Thank you!
In this scenario, the buyer would have to come up with the $20K out of pocket if the house doesn’t appraise for $300K.
@@buildingwealthwhileblack Thank you!
@@1bluegreen2 watch the follow up interviews for more information about Donovan.
Good deal young man
Would sell off plan once model unit complete subject to escalation
Trae Young doin' a great job. Playing for the Rockets, and doing real estate as a side hustle!
That's funny!
Where do get loan from bank want general contractor to manage complete project
Where do you find your plans for the the duplexes?
Good question
He got the plans from the builder of the first duplex he purchased that he is living in.
Fiverr has cheap blueprints. It's more to it than just going on there and buying blueprints but it'll get you going in the right direction
A WHOLE LEADER AT 25 YEARS OLD!!!!!!!NO EXCUSESSSS!!!!!!!!
how did you get started on your first duplex build
Donovan used the builder from the duplex that he purchased as his primary residence.
I live in North Dakota. This guy is interesting
Thanks for watching
💪🏾
Is a builders license needed for multifamily new construction?
In Texas no a builders license is not needed. If you have land you can build on it with blueprints and a permit
How did u financed your projects because I want to be a developer like you.
If your land is paid off free and clear I know a company that will finance your build
Hi there
I would like to get in touch sometime, I like that you are speaking about the issue of affordability in housing, that it can be a win-win-win
If interested in connecting, send me a response
Cheers
Hello Donovan I have a deal under contract in San Leandro CA its next to San Francisco CA that I've done a developers assessment on it can I speak to you in regards To the deal looking for buyer
I wish every 20 something would be like him. Male AND female! 👏🏽
Thanks for watching
What are some good loan companies that'll give you funds for Building multi family apartments such as yours ? Thank you I want to get started but I’m stuck on that part.
Where do you want to build?
Texas have the land already just need to find a good loan company.
@@davidcarter3066 if your land is paid off free and clear I know a company that will finance your build
@@montrealbailey5322 what company is that???
@@odalissuastegui8508 loan ranger capital
How else do you make money on development other than the sale?
If you're building just for selling, then that would probably be it
You can make money as your own GC during the build or you can keep the property and refinance from your construction loan to a traditional mortgage loan and keep the property as a rental if you do not want to sell it
Where did the funding come from?
He saved up his capital from petroleum engineering and partnered with someone who had the money while he did the designs, etc.
@@michaelmcwhirter thanks! So he had a good amount of money to partner with ahead of time. Do you know if he had developing experience prior?
@@AberrantArt I think he may of had a nest egg saved up anywhere in the ballpark of $10k-$50k, varying wildly depending on how he saved while working at his fuels job. So that would probably be some of his down payment to buy his first duplex. He said he had no experience prior and had to learn everything as he went along. He bootstrapped the entire process as he went along. Definitely not for the faint of heart because one wrong move and you have a mess of problems! Haha but it is possible still! (That's currently what I am doing now) But that's the info I got. I hope that helps! 💪
@michaelmcwhirter definitely helps! I've got about 30k of my life savings that I want to try and get a return on. It would be awesome to do a new build, but I think it would require a few years of classes to learn how to properly build a house. Then an extreme amount of luck finding the right funding partner.
Do you know any builders in the Atlanta Metro area? I am looking for a good contractor to build a 4, 3, or 2 plex on my land. Anyone?
say what is the name of the loan he got the money from 🤔
It's a new construction loan. There's companies that provide new construction loans if you the land
You live in the other side 1 or 2 years? Then move on to the next property?
Donovan was inspired to develop duplexes because the first home he purchased was a duplex where he rented out the other side. He didn't move into any other duplexes he built.
Very tight profit after you pay realtor cost