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 (Jay Helms and Tim Kelly) 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.

In This Episode We Cover:

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

How to Win Friends & Influence People by Dale Carnegie
Rich Dad Poor Dad by Robert Kiyosaki
The ABCs of Real Estate Investing by Ken McElroy
Sovereignty: The Battle for the Hearts and Minds of Men by Ryan Michler
Wild at Heart Field Manual by John Eldredge
Tax-Free Wealth by Tom Wheelwright

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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282: How to Create the Perfect Partnership with Tim and Jay 01:27:30

BiggerPockets Real Estate Podcast

Shownotes Transcript

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