Adonis Lockett says people are often surprised when they meet him. He says they don’t expect such a savvy mover and shaker in the local real estate game to be Black and so young. “I’m always the youngest person in a room by a decade, easily, and it always makes me feel very accomplished,” said real estate investor Adonis Lockett.
At just 28-years-old, Lockett is making a name for himself in Dallas-Fort Worth real estate circles.
Lockett graduated from the prestigious Rochester Institute of Technology and has worked for big companies like Boeing and NASA. He came to DFW to work at Lockheed Martin as an engineer testing military missiles. A job he quit in November 2011 to start investing in real estate full-time.
Lockett says he made $46,000 off his first deal in just 67 days. It was that first taste that enticed him to take the jump. “I realized if I could make $46,000 part-time, imagine what I could do full-time,” said Lockett. “When I gave up on engineering, I figured I have the background. I have the degree. I can always go back, “he said.
Lockett currently has about a dozen properties in North Texas. He’s always buying and selling.
He works closely with NetWorth Realty to pick his investment properties. "Adonis is very eager and very motivated to do very well in this business,” said NetWorth Realty acquisitions agent Buddy McKinney.
Lockett says he’s formed an important relationship with NetWorth. The company specializes in helping people invest in real estate by walking them through the process from finding a property to hiring contractors. McKinney is just 30-years-old himself. He and Lockett both say they’ve become a great team. “Once I bought my first house, and my second house, and the third house, now NetWorth knows how I am,” said Lockett. “"The service I provide him is making sure he gets the right investment,” said McKinney.
Lockett says he’s carved out a niche and looks for investment properties in certain zip codes and subdivisions. He’s purchased properties in Arlington, Forest Hills, Grapevine & The Colony.
Lockett says he became obsessed with knowing every aspect of the industry. This lead Lockett to start his own company called Lock It In Homes, which helps homebuyers get qualified.
McKinney says in the real estate investing business if you play your cards right, with the right people and resources, you can do well. He says that’s exactly what Lockett has done. "Adonis has a great mind for businesses. He recognizes in other people their ability to help him reach his goals,” said McKinney.
McKinney’s boss at NetWorth Realty says more young people should be thinking the way Lockett does.
“Real Estate is the safest vehicle young people can use to ensure wealth for their families and future generations,” said NetWorth Realty owner Mark Bloom. “You want to buy and hold, if at all possible. You buy low and sell high. We have only recently come off all-time lows in real estate values,” said Bloom.
Lockett admits he’s had some costly learning experiences along the way, but he’s all about taking risks.
“If you don’t have the mindset to invest you will never get ahead,” he said. Lockett says he’s still putting the problem solving skills he developed as an engineer to good use, just in a different way. He says in today’s economy his peers can’t be afraid to think outside-the box, “Don’t be afraid to take risks & don’t be afraid to step out of comfort zones,” he said.