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making around a one-hundred percent return on his money, all without the hassle of the creaky floors, poor piping, and outdated electricals of old, “cash-flowing” rental properties.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! ~~~~ Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media ~~~~ Expand Your Investing Knowledge With the BiggerPockets Books: https://store.biggerpockets.com/?utm_source=owned_media ~~~~ Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch ~~~~ Find Investor-Friendly Lenders: http://biggerpockets.com/findlenders ~~~~ Hear Donovan’s “Real Estate Rookie” Episode: https://www.biggerpockets.com/blog/rookie-podcast-123-donovan-adesoro?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ 4 Vital Points to Consider BEFORE Getting Into New Construction: https://www.biggerpockets.com/blog/2015-02-20-important-considerations-construction?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Top 5 Build-to-Rent Housing Markets for Cash Flow and Appreciation: https://www.biggerpockets.com/blog/best-build-to-rent-housing-markets?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Donovan: BiggerPockets: https://www.biggerpockets.com/users/donovana7?utm_source=youtube&utm_medium=description&utm_campaign=none Instagram: @donovan_builds or https://www.instagram.com/donovan_builds/ LinkedIn: https://www.linkedin.com/in/donovan-adesoro-977983b2/ X/Twitter: @DonovanBuilds or https://twitter.com/donovanbuilds ~~~~ Connect with David and Rob on BiggerPockets: David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none ~~~~ Connect with Rob (Robuilt): Instagram: https://www.instagram.com/robuilt/ TikTok: https://www.tiktok.com/@robuilto X/Twitter: https://www.twitter.com/robuiltchannel YouTube: https://www.youtube.com/c/Robuilt ~~~~ Follow David and BiggerPockets on Instagram: @davidgreene24 or https://www.instagram.com/davidgreene24/ @biggerpockets or https://www.instagram.com/biggerpockets/ 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?