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25-Year-Old Real Estate Developer Building 20 DUPLEXES! 

Building Wealth While Black
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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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28 авг 2024

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Комментарии : 213   
@yungbfresh1
@yungbfresh1 2 года назад
This guy's success comes from believing in himself, taking the risk and executing a plan. Pull the trigger!
@raymondpryor8549
@raymondpryor8549 2 года назад
You got to pull the trigger! FACTS!
@donovana.6177
@donovana.6177 2 года назад
Appreciate it!
@keithwisdom1663
@keithwisdom1663 Год назад
@@donovana.6177 good work smart and had faith to do work
@adoptmefand8054
@adoptmefand8054 10 месяцев назад
@donovona.6177. Any updates on this venture? Great information! 👍🏽
@collinbarrymore
@collinbarrymore Год назад
I thought this was going to be just an interview lol. The amount of valuable Information dropped in this vid is CRAZY.
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks, Please subscribe. I’m dropping a follow-up interview with Donovan this week.
@rayellenkishbach8998
@rayellenkishbach8998 Год назад
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!
@ruel.e.i.
@ruel.e.i. 2 года назад
ALL BLACK MEN NEED TO BE PARTNERING AND DOING THIS!!!!!!!...THIS IS RESPECT!!!!
@confidentialcitizen1463
@confidentialcitizen1463 Год назад
Too many cooks in the kitchen.
@OuttaSpace007
@OuttaSpace007 4 месяца назад
Most of the men I know are doing this and More Men are Moving on from the female perspective.❤
@zion1
@zion1 14 дней назад
Thats a deep good come back​@OuttaSpace007
@derrickpatrick1206
@derrickpatrick1206 2 года назад
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.
@lancephillips8903
@lancephillips8903 Год назад
Hi Derrick I am looking for Single Family Land Developers in GA and in Texas I have Land That needs to be Developed
@wealthandwellnesswithGrace
@wealthandwellnesswithGrace 10 месяцев назад
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!!!
@kryptonj8
@kryptonj8 Месяц назад
A 10 unit duplex? Gotta be a mistype right
@wealthandwellnesswithGrace
@wealthandwellnesswithGrace Месяц назад
@@kryptonj8 meant 10 duplexes
@KJInvesting
@KJInvesting 13 дней назад
Congratulations on your achievement
@XBoysAtWorkX
@XBoysAtWorkX 10 месяцев назад
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.
@christiandelapena8623
@christiandelapena8623 7 месяцев назад
I love listening to him, so intelligent and knowledgeable.
@RehabValuator
@RehabValuator 2 года назад
Huge congrats and respect to this young man. Absolutely awesome.
@donovana.6177
@donovana.6177 2 года назад
I learned from your duplex video when I was starting out!!
@RehabValuator
@RehabValuator 2 года назад
@@donovana.6177 no way! That's fantastic! Makes me incredibly happy to see people executing on the knowledge we share. Congratulations on your success!
@mamalon2014
@mamalon2014 2 года назад
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.
@raymondpryor8549
@raymondpryor8549 2 года назад
Spread the word because knowledge is power. Most people don’t know that anyone with the drive can do what he is doing.
@yungbfresh1
@yungbfresh1 2 года назад
Why don't you do it and allow your kids to watch YOUR progress?
@mamalon2014
@mamalon2014 2 года назад
@@yungbfresh1 we are working on it, we're trough the process of getting a heloc to buy our second property.
@ruel.e.i.
@ruel.e.i. 2 года назад
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!!!!
@donovana.6177
@donovana.6177 2 года назад
Thank you, sir
@brysonsteele3289
@brysonsteele3289 2 года назад
Congrats 👏🏾 I just purchased my first commercial building. Just do it! It's worth it! 🏢🏠🏃🏾💰
@sheiszarr
@sheiszarr Месяц назад
Awesome video 😊 Definitely can tell he wants to help people and not withhold valuable information 👏🏽
@buildingwealthwhileblack
@buildingwealthwhileblack Месяц назад
Thanks for watching and leaving such a positive comment! I'm always here to share what I know.
@bjorkmarkowitz1144
@bjorkmarkowitz1144 Год назад
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.
@u.lisawilliams6877
@u.lisawilliams6877 2 года назад
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!!! :)
@MICHELLEPUNI-fw5xm
@MICHELLEPUNI-fw5xm Год назад
Please show more of these videos. Absolutely inspiring and I love how his BELIEF is there!
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks for watching
@theeawebb4
@theeawebb4 2 года назад
Drove by this last week. Great to see the story behind it.
@fc27r6
@fc27r6 7 месяцев назад
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!
@confidentialcitizen1463
@confidentialcitizen1463 Год назад
Before starting new construction, you should ascertain an APPRAISAL PER PLANS AND BLUEPRINTS to avoid appraisal issues.
@cortressafitts7361
@cortressafitts7361 Год назад
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!
@alexw853
@alexw853 Год назад
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!
@getinthespace7715
@getinthespace7715 11 месяцев назад
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.
@malvinmudenda2792
@malvinmudenda2792 2 месяца назад
Wonderful content indeed
@buildingwealthwhileblack
@buildingwealthwhileblack Месяц назад
Your support means the world to me, thank you!
@michaelmcwhirter
@michaelmcwhirter 6 месяцев назад
DANG this video was good! 💪 (Edit) That house was absolutely based too. 🔥
@Toxic_Futures
@Toxic_Futures 4 дня назад
This dude is building entire neighborhoods now in Minnesota
@GUAPSON
@GUAPSON 18 дней назад
awesome!!! great video
@conniefarris6273
@conniefarris6273 2 года назад
Love this Congrats to you & much much much future success. I’m now ready also! Now is the time!!
@BHancock9598
@BHancock9598 2 года назад
This is inspiring! Please keep us posted on your journey!
@williammyers9209
@williammyers9209 2 года назад
May be one of the most useful videos on this topic I have watched
@Zaeeeeeee
@Zaeeeeeee Год назад
You’re from MN?! Same that’s so inspiring. Continue doing your thing!
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Yes! Thank you!
@chandlerchandler2543
@chandlerchandler2543 2 года назад
Great work. No hemmimhg and hawing . Just keep in it simple and getting it done.
@hugomiranda8185
@hugomiranda8185 14 дней назад
Who did your plans? You are amazing!!
@HolyFacts
@HolyFacts 2 года назад
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.
@rillawhat8142
@rillawhat8142 2 года назад
Appreciate your transparency. Keep grinding!!
@wolfpack2233
@wolfpack2233 5 месяцев назад
A lot of great information here, great job!
@buildingwealthwhileblack
@buildingwealthwhileblack Месяц назад
Glad it helped!
@hernansalinas713
@hernansalinas713 2 года назад
Nicely done bro! I’m 33 living in Seabrook, staring the same journey. I have one rental and done one flip
@ruel.e.i.
@ruel.e.i. 2 года назад
KEEP GOING!!!!!!!
@lashaddavid55
@lashaddavid55 Год назад
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
@KJInvesting
@KJInvesting 13 дней назад
@@lashaddavid55 Hi, I help people buy their first 4-plex or 8-plex brand new builds for pre-sale with low capital entry
@MikeyBee-
@MikeyBee- Год назад
I need that layout of his duplex! This is 🔥
@christianbrent4642
@christianbrent4642 Год назад
Love the story! This definitely just motivated me
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks for watching
@ruel.e.i.
@ruel.e.i. 2 года назад
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!!!!!
@thisneeds2besaid
@thisneeds2besaid Месяц назад
First thing, why would you sell that? Take a heloc, rent it out, get rent money and let the rents pay back mortgage and spent heloc. You did all that to take home 30K? Who raised yall?
@buildingwealthwhileblack
@buildingwealthwhileblack Месяц назад
Donavan did end up renting this duplex out.
@cademonk4258
@cademonk4258 2 года назад
This is awesome, this channel is definitely on the come up
@SolarTTauri
@SolarTTauri 2 года назад
Immensely impressed by him!
@None11223
@None11223 2 года назад
Great video, Lots of incredible information here!
@rozbarnes7484
@rozbarnes7484 2 года назад
That’s dope I’m from St. Paul MN
@buildingwealthwhileblack
@buildingwealthwhileblack 2 года назад
I’m dropping a follow up video with him soon!
@rmw090
@rmw090 10 месяцев назад
That’s a really nice duplex!
@timkimball007
@timkimball007 3 месяца назад
Impressive!
@shanedurkee7308
@shanedurkee7308 Год назад
Great overview… spot on. It’s about doing and making it happen. Educate and execute!
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks for watching
@ReeInvesting
@ReeInvesting 7 дней назад
love it
@imaninaomic
@imaninaomic 2 года назад
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!!!
@buildingwealthwhileblack
@buildingwealthwhileblack 2 года назад
Go for it!
@alexw853
@alexw853 Год назад
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!!
@alexw853
@alexw853 Год назад
@@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.
@robmalcolm882
@robmalcolm882 2 года назад
Just found your channel and love it! Can't wait to be featured on it
@XxFuzzballxX
@XxFuzzballxX 2 года назад
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!
@buildingwealthwhileblack
@buildingwealthwhileblack 2 года назад
In this scenario, the buyer would have to come up with the $20K out of pocket if the house doesn’t appraise for $300K.
@XxFuzzballxX
@XxFuzzballxX 2 года назад
@@buildingwealthwhileblack Thank you!
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
@@1bluegreen2 watch the follow up interviews for more information about Donovan.
@Jollofpappi
@Jollofpappi 6 месяцев назад
👏🏾 way to go
@rptooreal1833
@rptooreal1833 2 года назад
Very informative. Great video!
@buildingwealthwhileblack
@buildingwealthwhileblack 2 года назад
Glad it was helpful!
@darnelllewis5984
@darnelllewis5984 Год назад
Thank you
@KH-zi7gp
@KH-zi7gp Год назад
My son is 22 I would love for him to learn this, I wanna learn Real Estate Development
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks for watching
@summermcmillan9545
@summermcmillan9545 Год назад
Awesome interview 🙌🏽
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks for watching
@QuashaJackson-go2ml
@QuashaJackson-go2ml Год назад
Great Information this is my new career field I’m choosing I have a vision plan .
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks for watching
@workfromhome598
@workfromhome598 10 месяцев назад
Great video!
@eastpos6857
@eastpos6857 Год назад
Great start. Good luck👍👍
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thank you 😁
@KDTheInvestorAgent
@KDTheInvestorAgent 2 года назад
Donovan, what would happen if you found a way to keep all these duplex’s or atleast a couple that your building
@donovana.6177
@donovana.6177 2 года назад
That’s actually the plan! Want to keep about half
@Trapperjohn1000
@Trapperjohn1000 Год назад
I’m a GC in North Carolina. Taking the chance and believing in yourself is key
@WandoTheMachine
@WandoTheMachine Год назад
Which part of NC? Im a realtor here in Charlotte
@Trapperjohn1000
@Trapperjohn1000 Год назад
@@WandoTheMachine I’m building in Lenoir County, Johnston and Lee County
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks for watching
@denniswalker6124
@denniswalker6124 2 года назад
Awesome job young man. Christine
@ruel.e.i.
@ruel.e.i. 2 года назад
A WHOLE LEADER AT 25 YEARS OLD!!!!!!!NO EXCUSESSSS!!!!!!!!
@keithwisdom1663
@keithwisdom1663 Год назад
he's smart- educated and engineer that why he is a success and he used faith and did work.
@cassandragrayes6149
@cassandragrayes6149 Год назад
I didn’t know you could sell individual units in a duplex. I thought you could only rent them out. Great info
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Donovan sells the duplex, not each individual units.
@cassandragrayes6149
@cassandragrayes6149 Год назад
@@buildingwealthwhileblack got it, thanks
@ruel.e.i.
@ruel.e.i. 2 года назад
WHY CAN'T I DO THAT!!!!!!!!!!!MINDSET!!!!!!!!!!!!!!!!!JUST DO IT!!!!!!!!!THIS IS CRAZZYYY!!!!!!!!!!NO EXCUSESSSSSSSSSSSSS!!!!!!!!!!!!!
@slavmarin7827
@slavmarin7827 2 года назад
thank you
@willwomack6461
@willwomack6461 Год назад
Thank you# Respect ❤❤
@getbusydrizzy5296
@getbusydrizzy5296 10 месяцев назад
THANK YOU FOR NOT DANCING OR RAPPING. YOUR JOURNEY IS PLEASANT TO SEE AND EDUCATIONAL
@allermenchenaufder
@allermenchenaufder 10 месяцев назад
🙄 Hardy har har.
@tbprofile1295
@tbprofile1295 Год назад
Trae Young doin' a great job. Playing for the Rockets, and doing real estate as a side hustle!
@buildingwealthwhileblack
@buildingwealthwhileblack 10 месяцев назад
That's funny!
@fortnashradio
@fortnashradio 6 месяцев назад
Share the square footage of the duplexes please
@pamelawilliams8705
@pamelawilliams8705 Год назад
Thank you for sharing
@buildingwealthwhileblack
@buildingwealthwhileblack 10 месяцев назад
Thanks for watching!
@kavonnabutler9134
@kavonnabutler9134 Год назад
what lender are you using?
@ruel.e.i.
@ruel.e.i. 2 года назад
JUST DO IT!!!!!!!!!
@luxehousehomeshorttermrent1462
I wish every 20 something would be like him. Male AND female! 👏🏽
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks for watching
@zevlove612
@zevlove612 Год назад
Would sell off plan once model unit complete subject to escalation
@achirichance9543
@achirichance9543 2 года назад
Good work! Can you show the duplex
2 года назад
Where did he find the builder/contractor?
@DeeSanders
@DeeSanders 2 года назад
Where do you find your plans for the the duplexes?
@JayLupe
@JayLupe 2 года назад
Good question
@raymondpryor8549
@raymondpryor8549 2 года назад
He got the plans from the builder of the first duplex he purchased that he is living in.
@montrealbailey5322
@montrealbailey5322 Год назад
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
@MishkaRandomVlog
@MishkaRandomVlog 2 года назад
Where this duplex houses available??? Address plzzz??
@mojazzn9091
@mojazzn9091 Год назад
Good deal young man
@rydersmotovlogsreviews4027
@rydersmotovlogsreviews4027 2 года назад
Really would like to sit down and pick this guys brain man I’m around the same age and would like a lil mentorship
@harisharma3438
@harisharma3438 10 месяцев назад
Where do get loan from bank want general contractor to manage complete project
@REinvestment
@REinvestment 11 месяцев назад
he is awesome
@thedon8062
@thedon8062 Год назад
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
@sshumkaer
@sshumkaer Год назад
I live in North Dakota. This guy is interesting
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks for watching
@robinancheta3538
@robinancheta3538 2 года назад
Is it better to built or renovate existing house? What you think guys
@ysl4life383
@ysl4life383 Месяц назад
Do you have to be a general contractor to do what’s he doing and if so what class contractor
@buildingwealthwhileblack
@buildingwealthwhileblack Месяц назад
No, sir, at least not in Houston, Texas
@Khanfuzed1
@Khanfuzed1 2 года назад
Nice video man
@buildingwealthwhileblack
@buildingwealthwhileblack 2 года назад
Appreciate it
@confidentialcitizen1463
@confidentialcitizen1463 Год назад
Good job
@caposcorpio
@caposcorpio 3 месяца назад
💪🏾
@ennismontgomery5908
@ennismontgomery5908 2 года назад
Great job. I'm an East sider JHS 87
@raeblacc19
@raeblacc19 Год назад
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.
@ybe87
@ybe87 Год назад
Nah just keep looking or go outside ATL or to NC or FL nearby
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Houston Texas has very laxed zoning laws. Unfortunately I do not know the laws in your city.
@cassandragrayes6149
@cassandragrayes6149 Год назад
Amazing
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Thanks
@greeksun369
@greeksun369 2 года назад
Is a builders license needed for multifamily new construction?
@montrealbailey5322
@montrealbailey5322 Год назад
In Texas no a builders license is not needed. If you have land you can build on it with blueprints and a permit
@MiguelHernandez-lq4sb
@MiguelHernandez-lq4sb Год назад
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 😊 😊
@montrealbailey5322
@montrealbailey5322 Год назад
If you have land owned free and clear in Texas I know a company that will finance your build
@AberrantArt
@AberrantArt 7 месяцев назад
Where did the funding come from?
@michaelmcwhirter
@michaelmcwhirter 6 месяцев назад
He saved up his capital from petroleum engineering and partnered with someone who had the money while he did the designs, etc.
@AberrantArt
@AberrantArt 6 месяцев назад
@@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?
@michaelmcwhirter
@michaelmcwhirter 6 месяцев назад
@@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! 💪
@AberrantArt
@AberrantArt 6 месяцев назад
@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.
@venomshowcars
@venomshowcars Год назад
how did you get started on your first duplex build
@buildingwealthwhileblack
@buildingwealthwhileblack Год назад
Donovan used the builder from the duplex that he purchased as his primary residence.
@thenenej
@thenenej 8 месяцев назад
You live in the other side 1 or 2 years? Then move on to the next property?
@buildingwealthwhileblack
@buildingwealthwhileblack 7 месяцев назад
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.
@koriifaloju2051
@koriifaloju2051 2 года назад
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
@torrieb3860
@torrieb3860 2 года назад
This is awesome…how can I connect with him?
@Musalman.279
@Musalman.279 6 месяцев назад
What it requires to become a builder, I mean what are some mandatory licenses or whatever
@buildingwealthwhileblack
@buildingwealthwhileblack 6 месяцев назад
In Texas there isn’t no mandatory license to become a builder
@Musalman.279
@Musalman.279 6 месяцев назад
@@buildingwealthwhileblack so it means anyone can build a house by themselves without any approved developers, they'll just hire labour right!
@Musalman.279
@Musalman.279 6 месяцев назад
@@buildingwealthwhileblack do we need to attend any college
@buildingwealthwhileblack
@buildingwealthwhileblack 6 месяцев назад
@@Musalman.279no developer would recommend building your first home without help from someone who has experience. But it is possible to do it on without degree or license. The best approach is partner with someone who has experience or get a mentor to help you on your first few builds
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