VERY EDUCATED 17 YEAR OLD WHOLESALER!

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VERY EDUCATED 17 YEAR OLD WHOLESALER!

Donovon Rogers
Dover, DE · Member since 2017 · 60 posts · 19 votes

Hello everyone on BiggerPockets,

My name is Donovon Rogers and I want to introduce myself to everyone on the BiggerPockets cyber world. I am 17 year old wholesale investor who wants to wholesale 48 properties in a timespan of 2 years (24 months) so I can acquire enough capital to start building a rental empire on the east coast. My birthday is in TWO days (Aug 10th) so I'm excited to get ready to start making deals and taking a hold of my life at my age! I do have a partner who is 19 and has experience with one house flip in his life and we complement each other very well because we have a competitive drive to be the best and it works for us lol. Personally my reason for choosing real estate is because the possibilities are endless. I want to use real estate to first achieve financial freedon but I am from New York but I currently live in Delaware and I am very motivated to used this path to build libraries in every boroughs to help kids obtain primarily a financial education but to also have programs set up that will get them motivated to self educated themselves by reading informational books. I am currently looking for people who do real estate in New Jersey and Upstate New York because my partner and I need to move into other states so we can accomplish 48 wholesales because Delaware is too small. I am very appreciative that I've found BiggerPockets and I love the enthusiasm that perpetuates everyone to keeping building in real estate!! I am really can't wait to turn 18 and start this journey but I wanted to let everyone on BiggerPockets know that I exist because I will be around for a longtime building my portfolio to be bigger then Grant Cardone who I do respect very much but I know no one is better then me when I'm motivated and right now I'm DRIVEN! But that is it everyone.

Thank you for everyone who took the time to read this!

4Reply
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Josh C.Pro Member
Property Manager · Indianapolis, IN · Member since 2010 · 1k+ posts · 1k+ votes
9y
Maybe thrown it a little humility in your passion and drive. But I know I wasn't thinking that at 17, so it's hard to knock you. Stay ethical and go get it. Good luck!
6Reply
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  • Josh C.Pro Member
    Property Manager · Indianapolis, IN · Member since 2010 · 1k+ posts · 1k+ votes
    9y
    Maybe thrown it a little humility in your passion and drive. But I know I wasn't thinking that at 17, so it's hard to knock you. Stay ethical and go get it. Good luck!
    6Reply
  • Jeremy Kalaf
    Wholesaler · New Hartford, NY · Member since 2014 · 39 posts · 8 votes
    9y
    What part of Upstate NY?
    1Reply
  • Josiah Stacy
    Real Estate Investor · Brookville, OH · Member since 2017 · 19 posts · 7 votes
    9y

    I wish I had that direction when I was that age. I'm excited to follow your progress. 

    4Reply
  • Rich Dunne
    Loveland, CO · Member since 2017 · 7 posts · 12 votes
    9y

    For some reason I read this and imagine you being the Ash Ketchum of real estate. Gotta buy 'em all. Gave me a giggle. Good luck!

    4Reply
  • Stephen Chatto
    Rental Property Investor · Yardley, PA · Member since 2012 · 436 posts · 198 votes
    9y
    Originally posted by @Donovon Rogers:

    Hello everyone on BiggerPockets,

    My name is Donovon Rogers and I want to introduce myself to everyone on the BiggerPockets cyber world. I am 17 year old wholesale investor who wants to wholesale 48 properties in a timespan of 2 years (24 months) so I can acquire enough capital to start building a rental empire on the east coast. My birthday is in TWO days (Aug 10th) so I'm excited to get ready to start making deals and taking a hold of my life at my age! I do have a partner who is 19 and has experience with one house flip in his life and we complement each other very well because we have a competitive drive to be the best and it works for us lol. Personally my reason for choosing real estate is because the possibilities are endless. I want to use real estate to first achieve financial freedon but I am from New York but I currently live in Delaware and I am very motivated to used this path to build libraries in every boroughs to help kids obtain primarily a financial education but to also have programs set up that will get them motivated to self educated themselves by reading informational books. I am currently looking for people who do real estate in New Jersey and Upstate New York because my partner and I need to move into other states so we can accomplish 48 wholesales because Delaware is too small. I am very appreciative that I've found BiggerPockets and I love the enthusiasm that perpetuates everyone to keeping building in real estate!! I am really can't wait to turn 18 and start this journey but I wanted to let everyone on BiggerPockets know that I exist because I will be around for a longtime building my portfolio to be bigger then Grant Cardone who I do respect very much but I know no one is better then me when I'm motivated and right now I'm DRIVEN! But that is it everyone.

    Thank you for everyone who took the time to read this!

     Donovon, I do deals in central NJ.  Let me know if you get any deals!  

    2Reply
  • Bryan Pham
    Rental Property Investor · Oakland, CA · Member since 2016 · 602 posts · 250 votes
    9y

    Nice job man! Which areas do you farm?

    2Reply
  • Donovon Rogers
    OP
    Dover, DE · Member since 2017 · 60 posts · 19 votes
    9y
    Thank you for every response but my phone will not let me text you let me tag people so I will send you all messages to answer your questions and sorry for the inconvenience.
    0Reply
  • Odie Ayaga
    Specialist · Delran, NJ · Member since 2016 · 2k+ posts · 951 votes
    9y

    Welcome to BP and glad you're getting started on your real estate path so early! Why is it that you wish to start in real estate by wholesaling? I tend to regard it as one of the most difficult ways to enter into real estate investing.

    1Reply
  • Donovon Rogers
    OP
    Dover, DE · Member since 2017 · 60 posts · 19 votes
    9y
    @Odie Ayaga Thank you for commenting but no actually wholesaling is a great way to build capital. The only hard thing about wholesaling is connecting ppl together but with how advance technology is now a days, connecting ppl is easy as long as you put the time into it. Are you looking for any properties yourself?
    0Reply
  • John Humphries
    Dover, DE · Member since 2016 · 32 posts · 14 votes
    9y

    @Donovon Rogers Welcome to BP and good on ya for figuring out what you want to do so early! Even though you're targeting NJ and NY, are you interested in doing any deals in Delaware? DE is small, but there are plenty of deals to be found. Shoot me a message if you would be interested in working together to find some deals here!

    1Reply
  • Donovon Rogers
    OP
    Dover, DE · Member since 2017 · 60 posts · 19 votes
    9y

    @john Humhries yea man I actually do work with a realtor in Delaware but the goal is to accomplish 48 wholesale deals in two years so i can build up enough capital to get into rentals bc rentals are the ultimate wealth builder to me and I'm two days away from getting my first deal under contract so I'm excited! But I'll definitely text you

    1Reply
  • Dallas Trufyn
    Investor · Edmonton, Alberta · Member since 2017 · 94 posts · 72 votes
    9y

    I'm interested in wholesale deals from you guys. Please connect with me so I can get on your buyers list. 

    Just a little caution to you in your wholesale deals. We as flippers/buy and hold investors want to do repeat business with good wholesalers. Make sure your numbers are correct. Remember the 3 most important rules of Real Estate:

    "Run your numbers, run your numbers, run your numbers."

    Don't inflate or make up an ARV. Work with honest agents. Also, don't guess reno costs. Your agent is not a contractor and no, the the house cannot be "completely renovated for $8-12K".

    You sound like you have the drive, knowledge and single-mindedness needed to do well...the experience(s) are still to come. Let's see if we can help each other!!

    3Reply
  • Fasil Khan
    Real Estate Agent · Elmwood Park, NJ · Member since 2015 · 151 posts · 36 votes
    9y

    @Donovan Nice to meet you, love the drive keep it going and your goals will come true. GC is the man & definitely gives outstanding advise. Have you read the Millionaire Booklet if not I highly recommend if you did keep reading numerous times & I found it very valuable. 

    Now back to real estate I am in North Jersey, let me know if I can help you in any way or if you have some deals around this way. 

    1Reply
  • Donovon Rogers
    OP
    Dover, DE · Member since 2017 · 60 posts · 19 votes
    9y

    Hey I really appreciate everyone's comments. I've made sure that I responded to everyone personally about meeting up and tbh I'm always available to talk about real estate and learn from you experience guys because I know that I will be there very soon so I hope to make connections with all of you great people because life is too temporary to be wasting anyone's time and I really do appreciate the comments! words can't explain how much I can 'thank' you all but thank you for taking the time out of your day to give me a text back.

    0Reply
  • Odie Ayaga
    Specialist · Delran, NJ · Member since 2016 · 2k+ posts · 951 votes
    9y

    @Donovon Rogers I'm always looking for properties but primarily in only a small target area in Burlington County, NJ at present. If you come across anything there by all means let me know!

    1Reply
  • Donovon Rogers
    OP
    Dover, DE · Member since 2017 · 60 posts · 19 votes
    9y

    @Odie Ayaga

    I was looking at some homes in Jersey today I think you might be interested in this one in particular is a beach home but we'll definitely keep in touch and talk about it more because I don't wanna advertise properties on the forums.

    0Reply
  • Peter Mac
    Rental Property Investor · Irvine, CA · Member since 2017 · 29 posts · 22 votes
    9y

    Donovon - although I like your ambition. Wholesaling sounds great because you don't need money and you can make a ton of it with little risk. However, wholesaling is not easy. Read this article on other things that you can do within real estate that will give you some experience. This might require you to get a job so you can purchase some rental properties (and while you wholesale on the side). Lenders typically require 2 years of work experience to qualify you for a purchase. Although this is the slower path, you'll grow organically.

    Also, you don't need a real estate agent's license, but taking real estate agent courses will be very very helpful because it will teach you the language of real estate (like lien, quit claim deed, contracts, etc). Very very very helpful.

    https://www.biggerpockets.com/renewsblog/2016/01/1...

    1Reply
  • James Green
    Wholesaler · Waldorf, MD · Member since 2015 · 459 posts · 245 votes
    9y

    @Donovon Rogers have you actually wholesaled a deal yourself? How old is your partner? I'm asking because, unless the laws have changed a child (someone less than 18) can't be held liable for any contracts that they enter into. I'm not calling you a child out of disrespect, but that IS what you are considered under the law in this country. Also I'm not trying to dash any hopes, because if the laws haven't changed then someone older can enter into contracts and complete the deals.

    Also, wholesaling is just  "A way to build capital", and definitely not easy by any stretch. Since you want to do 48 deals in 24 months, do you have a marketing budget? Have you calculated how much marketing you need to do, how many leads you need to get, how many appointments you need to go on, to get to the 48 deals?

    2Reply
  • Maksym Logvin
    Santa Fe, NM · Member since 2017 · 10 posts · 2 votes
    9y

    A good plan, especially for such a young man, it's amazing to see such discretion in our days.

    1Reply
  • Donovon Rogers
    OP
    Dover, DE · Member since 2017 · 60 posts · 19 votes
    9y

    Well to answer some of your questions @James Green I turned 18 on Aug 10th and I am in the process of negotiation with a potential buyer on a property in Sandtown, Baltimore so I'm on my first deal right now. I did not get offended by you calling me a child so you're good because it's all business and to accomplish 48 deals in 2 years (24 months) I purposely find partnerships to wholesale with people who have capital and know something about or have experience with wholesaling because at the end of the day a partnership has to make sense but I know that I am able to find leads so my partner(s) put up the down payment and I find a buyer. for this property in Baltimore, I got it on my birthday (08/10/99) and I literary found two interested buyers in 3 days so I know what I am capable of and my partners also finds deals as I do so I use my partner(s) time to help me get more things done and I have no problem splitting profits so in all retrospect 48 can be accomplished in under two years because its not only me working. @Peter Mac you should read this too so you can see that even though wholesaling is risky, if you grow your knowledge you can minimize your risk. Thank you both for commenting because I like whenever other investors as me these kinds of questions.

    0Reply
  • James Green
    Wholesaler · Waldorf, MD · Member since 2015 · 459 posts · 245 votes
    9y

    @Donovon Rogers good deal! B-more is my neck of the woods, if you need any help.

    0Reply
  • Peter Mac
    Rental Property Investor · Irvine, CA · Member since 2017 · 29 posts · 22 votes
    9y

    Hi @Donovon Rogers - There's not much risk to wholesaling, the hardest part is finding the motivated sellers. If I can talk to an owner who would sell their house at 50% of ARV, I would put that under contract right away. Finding the cash buyers is very very easy. I can look up all properties nearby the property that I have under contract and find out who bought properties there recently with cash and can reach out to them to buy my deal. Getting the good deals is the hardest part.

    0Reply
  • Donovon Rogers
    OP
    Dover, DE · Member since 2017 · 60 posts · 19 votes
    9y

    Thanks @James Green! I'll definitely hit you up because there's somethings that I need to know about B-more and if there's any questions any questions you want to ask me about the Delaware market I'll gladly tell you. and @Peter Mac I definitely under what your saying but I feel like anything can be accomplished if your mind can believe it so I never tell myself something is hard because I know other people done it so why cant I? You know what I mean? 

    0Reply
  • Mateusz Prawdzik
    Developer · Little Ferry, NJ · Member since 2016 · 426 posts · 226 votes
    9y

    @Donovon Rogers @Peter Mac I love the ambition, ACTION is key. I was 18 when i started about 10 months ago and now I am doing my 8th flip.  My birthday is coming up in a couple of months, turning 19, I have done more than most people at my age in 10months than most people did in years. That is because I believe in ACTION. I didn't read/listen to podcasts, I just jumped in feet first. I love the strive that you have, I had the same strive and set the same goals as you and I ended up in a better place because of it. It is hard to get lenders and investors to trust you and vouch for you when you have little to no money to invest, but all you need is that one investor to see that you are going somewhere and you will make it. I had that one guy when I first started, the only person that took the risk and vouched for me and I offer him a premium because I love the guy to death because of it. 

    We are the same but different. We have the same big dreams  and goals, except I like to flip with the times of house prices going up because rentals right now aren't worth the time due to the diminishing cap rates. I will jump into the rental game at the next pull back which I feel coming up. If you are looking to get into flipping, I've done fair share in the past 10 months, and I've managed 6 of the 8 so I feel that I can give an opinion or two. I know I am not the most experienced but I am self-thought. No one helped me out with the managing, so I made mistakes that no one would make but I learned the hard way from them.

    Let me know if you have any questions. Connect with me, and ask away. I'll answer anything you have to ask. I've done my fair share of wholesale deals too so don't hesitate to ask questions about that as well. 

    3Reply
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