7 Real Estate Developer Success Stories [2024]

Pat Walls

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Updated: November 1st, 2023

Become A Real Estate Developer

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.

Here are some real life success stories of starting a real estate developer:

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 they make: $18M/year
How much did it cost to start: $30K
Current team size: 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.

About

Brandon started Open Door Capital over 5 years ago

Revenue

Brandon grew the business to $1.5M/month

Costs

It cost Brandon $30000 to start the business

Read this case study

Read by 5,589 founders

Learn more about starting a real estate developer:

Where to start?

-> How much does it cost to start a real estate developer?
-> Pros and cons of a real estate developer

Need inspiration?

-> Examples of established real estate developer
-> Marketing ideas for a real estate developer

Other resources

Part of

Becoming A Real Estate Developer: Everything You Need To Know

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4. Emaar Properties

Emaar Properties PJSC

Website traffic: 330K/month

5. Urban Land Institute

ULI is the oldest and largest network of cross-disciplinary real estate and land use experts in the world. ULI is its members—delivering the mission, shaping the future of the industry, and creating thriving communities around the globe.

Where they're located: Phoenix, Arizona, USA
Website traffic: 220K/month

6. Hines

Website traffic: 70K/month

7. Athena Brownson

Buy, sell, and rent smarter with Compass. Partner with a local real estate agent to find the home or apartment that’s right for you.

Where they're located: Denver, Colorado, United States