New member from Houston, Texas!

[Derek Montes]

Hi All! Hopefully this is not too long winded of an introduction.

I am Derek Montes. 

I have a BS degree in accounting (no pun intended- Ha!). I have been involved with real estate since an opportunity presented itself in June of 2013, where a prior friend wanted to bring me in as a partner to manage the books, and behind the scenes business operations, because of my background. 

We formed a new residential development startup, approached a venture capitalist and successfully received the funding we needed to secure a hard money construction loan. Without going into too much detail, I exited the partnership in July 2014, but was contacted by my ex business partners in March of 2015- they needed more funding. So to safeguard interests I helped facilitate a buyout of the project. One of the two homes were sold and the last one is wrapping up with the finishes. This project was located at 3513 Bastrop, zip 77004.

I am creating a new partnership with a new partner that has over 7 years experience in commercial real estate project management, and much more integrity than the previous nightmare of a partnership I was involved with. We are about to get a 5 unit residential development off the ground. We are working with our builder to come up with more exact numbers so we have definitive numbers to work a deal with a new VC, and then it's off to the races. 

My goals: establish a successful residential development company, then acquire rental properties, and then branch into commercial real estate. 

I've learned SOOO much from my experiences. I also refer to biggerpockets infrequently, and it has served me well in furthering my knowledge. I cannot wait until I am at the point I am able to provide help to others.

Derek M.