cover of episode 282: How to Create the Perfect Partnership with Tim and Jay

282: How to Create the Perfect Partnership with Tim and Jay

Publish Date: 2018/6/7
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BiggerPockets Real Estate Podcast

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Shownotes Transcript

    <p>When does one plus one equal WAY more than two? Real estate partnerships! On this episode of The BiggerPockets Podcast, we sit down with two real estate investors (<strong>Jay Helms</strong> and <strong>Tim Kelly</strong>) who were attempting to build their business alone, but found they could do far more together. In this fun and fast-paced interview, you’ll learn what makes their partnership so successful, as well as how the team analyzes a market (including several can’t-miss online research websites), and how they took down a 42-unit apartment complex using some pretty fantastic creative financing. Whether you plan to build your empire alone or alongside a partner, this episode is sure to give you a variety of tips and strategies to help your business take off.</p><p>In This Episode We Cover:</p><ul>
  • Tim’s background story and how he got into real estate
  • Using 203k loans to buy deals
  • Jay’s background and his live-in flip
  • Why they think they make up a good team
  • How they closed on an apartment complex 6-months after partnering up
  • How they found the deal and details about it
  • The importance of a clear and concise plan
  • How they financed the deal
  • Tips for finding the right partners
  • How to create a “sample deal package”
  • What to look for in a partner
  • Why they participate in the BiggerPockets Forums
  • How to network effectively
  • What a good deal is for them
  • And SO much more!
  • Links from the Show

    Books Mentioned in this Show

    Fire Round Questions

    Tweetable Topics:

    • “Is there a better way to first get involved in real estate than to leverage the power of the bank?” (Tweet This!)
    • “Once you figure out your why, then you will be able to set goals to support that why.” (Tweet This!)
    • “It’s more important to pick something than to get stuck choosing the right thing.” (Tweet This!)
    • “I want to live where I want to live and invest where it makes sense.” (Tweet This!)

    Connect with Tim

    Connect with Jay

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