Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Marketing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago,

User Stats

27
Posts
13
Votes
Jessie Bienvenu
  • Investor
  • Helotes, TX
13
Votes |
27
Posts

Forming group to purchase a preforeclosure comm. prop in South TX

Jessie Bienvenu
  • Investor
  • Helotes, TX
Posted

I met an investor this evening that is looking to close out a group brought together for the purchase of a preforeclosure commercial property in McAllen, Texas. I know this gentlemen to be someone I would love to work with in the future. I want to present him value, I'm not looking for anything in return other than knowledge and relationships. How would someone recommend that I go about locating possible JV prospects for this group, as I am not familiar with this commercial space. I was lucky enough to end up sitting next to this gentleman at a seminar not related to real estate. Random luck, I don't believe in that. I think it is an opportunity. I've read many times on here that a great way to form a relationship with a mentor is to present value (or do something they don't want to do) or hopefully in this case it may be just enough to show some initiative.

The bank is asking 3.5M for the property, this is out of my league, or bigger than my pockets, you could say.

I was hoping maybe someone like @Joel Scott, or @Joe Fairless, maybe even @Ben Leybovich, or @Bill Gulley or anyone, could help with some ideas on how I could help play matchmaker in a situation like this.

Loading replies...