He Bought 16 Units inside Charlotte for $1.2 Million

[@ti3167]

“Working for someone else at 39 was more scary then entrepreneurship” great comment and I 100% agree. Great video. Thank you sir.

[@djmadmike23]

I live in Charlotte this is a great deal; the comment I loved is hes in control of whether the neighborhood goes up or down; You have a new subscriber, I need doors!

[@Wiindss]

I said the same thing I like that word play

[@malihaariel1]

I like the fact that he was an athlete (still is) AND he invested in his life for after his starter career 👏🏾 Who cares about fame when you have wealth 👑☺️

[@pmack8537]

This was nice to see! Its giving me ideas. TFS! Keep up the good content!!

[@Lovlv1908]

Wow ! This is so refreshing to see this ! Congrats bros !

[@plaibwoy]

This is a homerun deal at 85K a door. If he can get those rents up and keep the deferred maintenance and rehab under control his cash on cash return should easily be 20%. Youll probaby have a ton of big time syndicators making you offers in a few years for it

[@Danea222]

Man!!! I don't know what's going on with algorithms but I had to re-find you. Glad I did!!! Welcome to loc nation😁

[@pyramidtrucking2225]

Very good motivation for black brother's, Thanks. Let's support these brother's, hit that 👍 up.

[@iamscottmitchell]

This is going to be a banger for sure.

[@jeromeharris2218]

I live in Charlotte... this is definitely a high crime area... ( would be cool if the brother offers affordable housing rates )... but you have to make whatever profit you are shooting for...

[@intentionalrelations]

High crime area aka hood still have paying tenants. Own the block

[@jeromeharris2218]

@@intentionalrelations not worth $1400 per month, but I'm aware of capitalism...

[@intentionalrelations]

@@jeromeharris2218 your an active participant in capitalism sir. Your $1k+ cellular phone is evidence. Instead of paying rent-own.

[@jeromeharris2218]

@@intentionalrelations my cell phone is $100 from Walmart... and for the record I have no issues with capitalism... # survival of the fittest

[@denniswilliams1551]

This is off Bradford dr

[@DFresh32]

Great video. Good nuts and bolts discussion.

[@TheJanieLynn]

Charlotte NC, is going to be my permanent home. This vid has inspired me...=)

[@IDontlieatall]

My guy Rick!!! Haven't seen him since college.. Playin ball and now real estate!! A Pro's Pro.. Great too see. Congrats

[@genesweet67]

about 6k per unit would replace the baseboard and window unit. It is also a good deduction for cost segregation, meaning you can deduct it quickly

[@edenhajas1445]

I'm impressed with these 2 young bratha's business minded 🌳🏠 🏠 🏠 🌲

[@jonir.2044]

Congratulations 🎊🍾🎈

[@TheStrategos392]

Seeing black people making moves like this puts a smile on my face. Pay attention to videos like this if you want to become wealthy.💵💰💰😎😎

[@wileecoyote5749]

but what about Trump?

[@TheStrategos392]

@@wileecoyote5749 If you want to acquire wealth, studying Trump would be smart. I have read the Art of the deal and some of his books from Trump University. There is no denying he is a business genius.

[@waterheaterservices]

It all Trump's fault I am dumb and broke

[@Jordainetrades]

Yessir📈

[@shanda01114]

Facts!!❤

[@ronnieneville5914]

Keep it hard wood 🪵 that's coming back in style can't beat old school 🏫✌🏿.

[@ninasimone1207]

Depends on the target clientele.

[@ronniewelch7817]

Putting on for Charlotte N.C hell yeah 😎 I do remodeling all over Charlotte and gaston county

[@wlpjjmb]

I remember these and the sad thing is that none of us can afford these anymore. This is the issue that the city is having. We NEED affordable housing!!!!!!! I don't think they understand the housing crisis in Charlotte. There's so many places but they all are very expensive

[@abrahammason6747]

👍🏽👍🏽Get your spray canister and hot water hot water for the ceilings then easy to scrap like butter lol... Make sure cover floor with plastic tarp or any tarp.

[@clarencegordon6259]

Man! The Charlotte area is growing & Great! Purchase sheesh!❤

[@jazminecurry9490]

I wouldn't take out the window in the bathroom more likely will get moldy etc maybe a upper small window instead for venting

[@genesweet67]

Strong fan will work just fine

[@markjou9799]

Looks good. This area has been slowly becoming gentrified over the last few years. I like it.

[@realestatedoru]

Absolutely

[@tacarlathomas2583]

Congratulations 🎊 👏🏿

[@realtalkwithmari4976]

Exactly, Staying is way scarier than anything we face on the side of Entrepreneurship.

[@wagrealtyllcnorthcarolina7726]

With the Carolina hard money what do they ask for for a minimum credit score? I just applied but it’s the weekend and they are closed. I have a home that I’m trying to buy but the fees attached to it by the city are keeping me from being able to close because they are close to $10,000 over what I thought the property would go for. Maybe you and I could work together?

[@bayodaman]

I love he’s doing his thing, hopefully he doesn’t make it to high people need housing they don’t need to get screwed over for profit

[@the.littlest.toaster]

Trust they will

[@timtim7527]

That's definitely off Bradford key street Charlotte NC

[@kellonthegreat]

Great content @Realestate duru , but we need better audio, we need to clearly hear those gems 💪🏿💪🏿

[@NSWM2]

Dallas is around 200k a door. You can buy better outside the metro at half that price with a value add play.

[@gregunltd]

This makes sense for the location.

[@mrsicklestrong9055]

I use to stay here...Definitely the hood on the Westside of town

[@IamCarolinaEL]

Looks like Tanglewood can be a great move tho

[@bossman6729]

Good investment. The deal is the land not the units. The units will pay for the land. The land zoned Multi Family inside the 485 loop will become gentrified and value of property will skyrocket.within 10 years. Property located in Opportunity zone when sold after 10 years could be capital gain free

[@Cal-fr9mw]

I wish I had the cash to be able to buy stuff like this

[@armanitransport2604]

You don't really need the cash all you need is a nice business plan and some good credit. 🤔

[@zopound7688]

Me too

[@getcloutorgetnothing7503]

Just need credit and loans you use the banks money to buy real estate

[@richardgonzalez2360]

Hi great information How did he structure the deal? All cash syndication. Who pays utilities? Don't know nothing about Charlotte. But doing deals in Puerto Rico. Txs

[@Keithenterprises]

What part of Texas ? I'm in DFW

[@richardgonzalez2360]

@@Keithenterprises puerto rico no texas

[@Edward-gt4mi]

Good stuff!!!

[@mount2funnygaming]

That's off Bradford and freedom dr

[@HYMNKING704]

West side.

[@Cryptocup316]

No west Blvd. Hemphill area.

[@HYMNKING704]

@@Cryptocup316 Ok I know we're that at. 💯👊🏾

[@HighVibe001]

Thanks for the video. But Im concerned about the displacement of current tenants? As a future investor, how do you keep rent affordable for the longstanding tenants?

[@DaVonteLee_]

If that’s your concern this business may not be for you

[@EnterTainment-vv1qs]

@@DaVonteLee_ Lmaoo 😂

[@kristycoward5637]

@@DaVonteLee_ Exactly

[@victoriaspruill7287]

@High Vibe Section 8 Housing Program

[@HighVibe001]

@@DaVonteLee_ i dont want to help displace more black people. That could put someone on the path to being homeless

[@swugaddies3420]

Time mark for ALL number break downs ?

[@MACQJR]

How much per unit after it’s all said and done can he rent them for??

[@3threesmiles]

Doru I have a question. How do I get in touch with you?

[@ronb3360]

Nas we know a lot of the same people! We played ball together back in Winston.

[@realestatedoru]

Wow that’s crazy bro… 😳 small world

[@change5141]

Congratulations!

[@GodsPrincess144]

This is very inspiring 🎉

[@JT0007]

He’s living the 🇺🇸 dream

[@cltpropertysolutions7274]

What zip code is this in

[@realestatedoru]

28208

[@tydriccusburris]

I stay in Charlotte

[@kimberlyngeorge5829]

Fire!!!

[@prospect357]

I live in Charlotte I need 1 of those apartments

[@NauqNauq]

No you don’t

[@trill704]

Born and raised in Charlotte and still living here. They should have tore down those apartments a long time ago. That's like tryna bring a '68 Chevy back to life. He just making whatever he can off the real estate market these ppl don't care about the community FACTS

[@ErickaWilliamsCC]

This same place was Hella cheap for sale in 2011 I think it looks like same area.

[@EnterTainment-vv1qs]

How much was it in 2011?

[@realestatedoru]

I purchased a house 2 doors down for 8k years ago.. I should not have sold.

[@EnterTainment-vv1qs]

@@realestatedoru how much is that same house worth now?

[@Kinte.Rashayah]

Charlotte NC in the house. I'm uptown in Fourth Ward.

[@antoniomcmahon3499]

I'm seeing comments about how he's not gonna get his money back..I moved from Charlotte 6mths ago after 11yrs and he's definitely gonna make a killing. He could just government assistance them for couple years until the overall Gentrification of Charlotte comes knocking. I sold my investment property off Betties Ford b4 I moved to Maryland to get into legal Weed game and I made 150% profit after 2 1/2yrs! Charlotte still has diamonds in the rough to grab..they both know what they doing im sure! Congrats!

[@coltonlinn9684]

He will definitely make his money back in 2-3 years with the way people are moving into charlotte.. Charlotte is starting to book from the schools and colleges to the new jobs in downtown charlotte shiii even they sports teams

[@THEE-BLK-CONSERTIV]

I could buy a whole block in a area that doesn't grow equity.

[@NauqNauq]

Is that Dillehay?

[@user-ib4xr1sl7v]

Naw

[@dexterramey8787]

Intermittent fasting is a great way to keep weight in check.

[@realestatedoru]

Yeah, I keep hearing that..

[@thematrix5115]

True that. I’m seeing results of this right now.

[@KNByam]

I've tried it. It really works. The problem is you get the urge to compensate when you do eat.

[@dexterramey8787]

@@KNByam that why I start with a large salad.

[@johncuervo3019]

Man, that shit where I grew up. That's on hovis road. Those people don't pay rent. He f'd up buying those

[@realestatedoru]

It’s changing man… and with proper management you will collect rent..

[@kevinforeman4485]

If he accepts some government program the $$$ guaranteed. Problem is let's be real alot of the people who depend on those type programs are not the best tenants. People with a little structure in their life (work ...maybe a little church,temple or kingdom hall whatever) tend to take better care of the property than those with alot of time on their hands. No matter the race.

[@teezee1000]

I agree. Charlotte is changing for the worst especially in some areas... Unless he hires robocop I dont see a good return in investment.

[@rmheatandcool9784]

We can come out and pressure wash them!

[@kjschroeder2010]

Not a bad investment - so basically after 4-5yrs - he should be getting his money back & start to make a profit.

[@bricks10751]

I live in New York and no that is not possible

[@leslieenoch]

What street are those on?

[@sisyaffayahyisrael2112]

Shalom, how you do it???

[@MrChappey711]

Did he answer the question on how he financed the deal? I was washing the rain🌧 , then I lost my wife to pokie and Ray Ray, my dog ate my wifi, and she left me too.

[@aknationnews]

But but Jay Morrison.

[@kennethokonkwo1147]

Smart move

[@benjaminmoore1445]

Awesome

[@ericpowell4350]

Overseas not "across seas" .

[@troyburks6901]

I'll do all them units floor kitchen electricals split units 2000. I supply them brotha to brotha I'm head Ga coming from Cali we b perfect fit may move them water heaters

[@bingo8789]

Why are we hearing about ball players buying property

[@BadNewz52]

Yall in thomosboro apartments 😂

[@yungjohnson76]

Nice so ig I’ll take my 1.2 m from under my mattress n do the same🤷🏼

[@boatsoar2557]

So y'all charging 1.2 while the rent is 800 900. Don't throw out them market prices. Throw out the price of lumber in 2022 vs 1980. Ya'll hell man.

[@roundedges2]

He's not a guru--He's a DO-ru!

[@demetresblakley1352]

U have to invest in order to create generation of wealth!

[@THEE-BLK-CONSERTIV]

Bad investment 1.2 apt building going for 5-6 hundred a month 😆😅🤣😂liability!!!!!!!

[@Atl8720]

115

[@vinceaikens195]

He bought a piece of crap that needs constant maintenance and you have to deal with renters that don't want to pay Good luck. Lol

[@6lakGesus]

How is this helping black people in that area if you not willing to dedicate a few apartments based off income it something, your basically saying eventually they gotta go and that's just business but just business won't get you closer to God but it will get your pockets fat 🤷🏿‍♂️

[@chiefs5822]

donate a quarter of your check then you can advise!

[@6lakGesus]

@@chiefs5822 this dude is going into poor black neighborhoods kicking the poor black people out and moving in whoever can afford it how fair is that when these people have been in these areas for years and there are no more areas in the city that they can afford jobs aren't paying more so what are these people supposed to do regardless of their education level you are basically telling me that they should have nowhere to go so this man can make a few dollars f*** you and him

[@chiefs5822]

@@6lakGesus You can donate some of your cash towards the poor people, that would help them afford some of the rent?.. Possibly others in that neighborhood can do the same. He is a business man, not a charity organisation, and he has a right to act as such.

[@feraynor205]

MOVE In Silence

[@Jamescampbell4661]

They should hire professional actors to do their videos.

[@HYMNKING704]

What's his Ig name.

[@realestatedoru]

It’s in the description

[@zacharyvalloric9076]

It’s not hard to do when you have athletes money

[@carpet8991]

No money in the rental market, don’t be fooled, people don’t pay rent in low income areas

[@realestatedoru]

That is not true. I’ve been investing in low I come neighborhoods since I got involved in real estate in 07

[@genesweet67]

Not sure I understand your comment

[@mikaelkrukoff8872]

Terrible crime and no jobs, best of luck controlling the poor slobs