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A 2017 Forbes headline reads, ‘Median Wealth of Black and Latino Families Could Hit Zero by the Middle of the Century.’

That hit home for Puerto Rican-born Duamel Vellon. And he’s made it his mission to raise awareness in his community, making multifamily investors out of his friends and peers.

Duamel Vellon is Cofounder of Ten15 Capital, a multifamily investment firm with assets in Florida, Georgia and the Carolinas. A former engineer in the theme park industry, Duamel quit his job in December of 2021 to be a full-time investor, and he currently manages a 203-unit portfolio.

On this episode of Financial Freedom with Real Estate Investing, Duamel joins cohost Garrett Lynch and me to share the ‘chess versus checkers’ mindset that helped him transition from flipping to multifamily.

Duamel describes his grassroots approach to raising capital, discussing how he grows his network and educates potential investors before he has a live deal.

Listen in for insight on Duamel’s mission to serve the Black and Latino communities and learn his uncommon strategy for ensuring regular deal flow.

Key Takeaways 

What inspired Duamel’s interest in real estate

How Duamel got started in real estate investing

Duamel’s transition to investing in multifamily

Duamel’s grassroots approach to raising capital

How Duamel found and closed his first deal

How Duamel raised $2M for his second deal

What Duamel says to potential investors before he has a deal

Where Duamel finds potential investors in the community

How Duamel and his partner share roles and responsibilities

What Duamel does to ensure regular deal flow

Duamel’s mission to serve Black and Latino communities

Connect with Duamel Vellon

Ten15 Capital

Ten15 on Facebook

Email [email protected]

Call (407) 402-0480

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Financial Freedom with Real Estate Investing by Michael Blank

Rich Dad Poor Dad by Robert T. Kiyosaki

Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits by David Lindahl




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