How to Become a Real Estate Developer (Beginners Guide)

In this episode, I interview Demetrice Ballenger who is a Real Estate Developer located in Houston, Texas. This is our first ever interview at an active development site where Demetrice is building 84 single family homes.
In total, Demetrice has well over 100 homes being developed which I had an opportunity to see all over the city. In this episode we discuss his journey in real estate development, the growth of Houston and we also did a walk through of the model home. Demetrice's preferred lender, Maurice Tillman also joined us to talk about how these homes can be financed.
*We ran into some technical difficulties with some of the footage, we appreciate your understanding
How to find him:
Demetrice: / demetriceballenger
Maurice: / mortgage_by_maurice
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Timestamps
00:00- Intro
00:04:11 Real Estate Development Feasibility Studies and Easements
00:09:00 How Much Does It Cost to Buy Land and Build?
00:10:47 Why does Houston have so new builds?
00:15:03 How Real Estate Development Became a Full-Time Job
00:18:12 How Much do the Homes Cost?
00:18:44- How can Buyers Finance the Homes?
00:30:18 New Construction Companies: How to Sell Homes
00:40:07 Model Home Tour
00:41:27 Future Real Estate Plans
Some of the links and other products that appear on this video are from companies which I will earn an affiliate commission or referral bonus from. This is at no additional cost to you. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.
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[@IssacEinstein]

I am watching this strictly for Inspiration. Thanks to this brother for working hard towards his goals. I will have communities, apartments and etc built from my company.

[@blackrealestatedialogue]

I appreciate the support! Keep working and don’t give up!

[@user-qu8vu9nk6y]

As someone who lives in Houston this is DOPE ✌🏽💪🏾

[@blackrealestatedialogue]

Glad you enjoyed!

[@lorenzorodriguez5703]

Just moved to Houston and I’m quite impressed of the amount of housing available in comparison to other cities in Texas.

[@blackrealestatedialogue]

Right. When I went I was amazed at all the building going on

[@whatever736]

This is exceptional. Creating Generational wealth.👍🏿💪🏿💯💯💯💥💥💥💜

[@blackrealestatedialogue]

Glad you enjoyed!

[@joshuanowicki622]

My favorite movie is the “Banker”. Awesome that he was inspired by that movie as well.

[@blackrealestatedialogue]

Yes indeed. I need to watch it again it was awesome.

[@financeyourfreedom_info]

That’s my favorite movie also, my wife is tired of seeing it lol asked her to watch it again last night

[@ashog1426]

Super inspiring to see how the nuts and bolts of RE development works....ultimately what I wish to be doing as well.... i have it written down in my list of 5...🙏🇦🇲

[@blackrealestatedialogue]

I’m so glad this was helpful to you! Keep going, you can do it!

[@JamesBond02119]

Love the onsite interview. This is dope 🔥

[@blackrealestatedialogue]

Thanks so much!

[@sandrao2901]

Phenomenal and inspiring interview!! Thank you!

[@blackrealestatedialogue]

Thanks for your support!

[@jasmineleshea]

Sam!! Brother this interview is golden. So happy for you and your journey in this space! Demetrice, you’re such a wealth of knowledge. This interview is greatly inspiring in regard to belief that we can and action to do. Thank you for your willingness to share with us and for your willingness to connect. You brothers are both revolutionaries.

[@FinancialFiguresandFacts]

Loved the show bro, very enlightened

[@blackrealestatedialogue]

Thank you so much!

[@StephanieDasher.]

Great job!

[@blackrealestatedialogue]

Thanks for watching!

[@the5-starreview871]

This is a beautiful story. Business should be this cool

[@IamJWood]

this is so amazing

[@blackrealestatedialogue]

Thanks!

[@NowAbundant]

Great interview

[@blackrealestatedialogue]

Thanks!

[@lnkansah]

Wonder interview!

[@blackrealestatedialogue]

Thanks!

[@thedcgirl202]

This was awesome, Sam! I’m working towards development in the DMV area and this excites me! These interviews keep me motivated 🤗

[@blackrealestatedialogue]

I’m glad you enjoyed it! Can’t wait to hear about your development. Keep going and don’t give up!

[@walibaker7335]

Great insperational information

[@blackrealestatedialogue]

Thank you!

[@elevatedmindz7944]

Intelligent Men😊

[@blackrealestatedialogue]

Thanks!

[@lnkansah]

Can you provide the link to Cornerstone bank?

[@kevinbriggs9143]

Love it.....I'm a small time investor , with several Rental properties .....I'm looking to sell them and get more involved into development.....

[@solo.life.travels7215]

Where do u currently own?I own a duplex in north Carolina-househacking

[@20_2x]

I’m looking for builders here in Houston trying to get a project rolling

[@blackrealestatedialogue]

🔥🔥🔥🔥🔥

[@TexasLandGuides]

Go D!!

[@blackrealestatedialogue]

🔥🔥🔥🔥🔥

[@richardthomas4633]

This is inspiring. We need to partner and syndicate

[@blackrealestatedialogue]

Glad you enjoyed!

[@chodge8366]

Visiting Houston from Philly in two weeks. I may need to put my eyes on this one👀

[@blackrealestatedialogue]

Ayye🔥🔥

[@IamJWood]

thanks for bringing this information to the us the COLLECTIVE Black Family.

[@blackrealestatedialogue]

You’re welcome!

[@user-fq3xw9xq2u]

How do you find these developer funding partners? Can someone touch more on that???

[@blackrealestatedialogue]

This is a great question. I’ll make note to ask this for future interviews.

[@user-fq3xw9xq2u]

@@blackrealestatedialogue much appreciated. people just say "find a partner" but no one really tells us where and how to.

[@sipponthatwithnicole1411]

How it's that cold n Houston june

[@blackrealestatedialogue]

This was recorded earlier this year

[@tordeanrivera7983]

@@blackrealestatedialogueok. So is there an update on this project then?

[@deeprincess3159]

❤Thanks for sharing my friend I'm a poet I write thought provoking poetry and a musician stay blessed

[@blackrealestatedialogue]

Thanks for watching! Wishing you the best

[@realestatecoach8626]

I am excited to become a Real Estate Developer!

[@growcaseygocasey5804]

PV!!!

[@blackrealestatedialogue]

🫡🫡

[@lilbit3348]

Waverly hall Ga 🤔 he might be my cousin

[@blackrealestatedialogue]

👀👀👀

[@demetriuscarter9956]

Making History in real time.

[@blackrealestatedialogue]

That’s a fact 🙏🏾

[@amaradavid001]

One Love From Uganda. I Love Real Estate

[@blackrealestatedialogue]

Love from the mother land 🫡

[@Theo-eq3ei]

Builders in Houston waste a lot of money and material on steep roofs, considering it practically doesn't snow.

[@imatardable]

I’m white but I think this still applies to me.

[@blackrealestatedialogue]

Yes indeed!

[@adrianmarshall397]

$110/sq ft is pretty cheap…….

[@YourTechHomeboy]

Yes

[@20_2x]

Yeah I need that builder

[@blackrealestatedialogue]

👀

[@jimdefazio8649]

Would it be appropriate for me to start a channel called “white real estate?” Just curious. Why can’t it just be real estate dialogue? Am I not invited to the discussions and class because I was born with the wrong color skin? I just don’t understand, why use divisive language?

[@blackrealestatedialogue]

Respectfully, you can start whatever page you want, it's a free country. I have supporters and viewers of all races. Nowhere on this page will you see that the content is restricted for a certain race to watch. It's for all to enjoy which is why it's on a public platform. There isn't enough black representation in the real estate field so this platform was built to highlight our stories so that anyone who wants to watch can learn and be encouraged. Not sure why the name triggered you, however you are welcome here!

[@jimdefazio8649]

Fair enough thanks for the good reply and perspective.

[@blackrealestatedialogue]

@@jimdefazio8649 You're welcome! 🤜🏾🤛🏾

[@Opinionsin3dd]

You don’t need to, y’all have that sector sealed up. For the few of US who want the knowledge, we must advertise one of us have obtained access and knowledge! You and yous get in my nerves!

[@Elisha511]

Wow this is amazing! Love to see this in Houston!

[@WizardsPath-if5oq]

Step 1. Have hundreds of thousands of dollars

[@jimdefazio8649]

It’s too bad we can’t all just be Americans and friends and not care about our skin color. Who gives a rip how much melanin we have?

[@rayebaldwin9086]

Unfortunately, there are still many who are still set in their ways in how others should be looked at and treated. Sad, but truth.

[@desireiam]

To say that you are an American and not understand that racism was and is a part of the founding fathers of this country ideology and how it has shaped how it operates let me know that you are ignorant at your core.

[@truettadevil]

Get a life, Jim 🙄

[@michaelcotton8141]

Respect from Cali! ☕️🦾🎧

[@blackrealestatedialogue]

🫡🫡🫡🫡

[@ogungunclub]

Man if you say "that makes a lot of sense" ONE MORE TIME. 😂

[@blackrealestatedialogue]

Lol filler words is a work in progress for me 😂

[@ogungunclub]

@blackrealestatedialogue I was about to say, i KNOW you took public speaking in college - don't forget what we learned. 😂 Nonetheless, this was an amazing interview - just giving you a hard time. 👏🏾

[@blackrealestatedialogue]

@@ogungunclub haha I appreciate your support, no offense taken at all!