Real Estate Developer

Real Estate Developer Success Stories [2024]

Pat Walls

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Updated: October 6th, 2024

A real estate developer is responsible for overseeing all the people involved in building or renovating homes, offices, retail centers, or industrial sites. Real estate developers are the people who turn empty land or neglected buildings into new properties.

To become a real estate developer, you need some initial capital and also be able to convince other people that your project is worth investing in. What kind of development you want to undertake should be clear to you, and you should be able to persuade others and make them see this venture will be financially successful.

In this list, you'll find real-world real estate developer success stories and very profitable examples of starting a real estate developer that makes money.

1. Open Door Capital ($18M/year)

Brandon Turner, founder of Open Door Capital, came up with the idea of starting a real estate investment company after experiencing financial freedom through renting out properties at a young age. Inspired by the potential for passive income and property appreciation, he decided to focus on real estate instead of pursuing law school or selling kites online. Now, Open Door Capital has over 5,000 rental units and aims to make a billion-dollar profit from selling properties in the future.

How much money it makes: $18M/year
How much did it cost to start: $30K
How many people on the team: 23

How I Bring In $30M/Year Investing In Mobile Home Parks

Entrepreneur Brandon Turner explains how he started a real estate investment company, Open Door Capital, which now manages over 5,000 rental units, bringing in $30,000,000 per year in revenue while only working a few hours a week, and aims to cross $1,000,000,000 in real estate by the end of the year.

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