All Forum Posts by: Keaton Bergstrom

@Adam Zach I am looking to build relationships at this point  with like-minded people that I could potentially work with as well as learn from or help in any way; I know that sounds very vague so apologies!

My intent is to get into the ND game when I move home - unless I were to build a good relationship prior with a PM, Realtor, or potential Partner.

Thanks for replying!

Hello all!

Over the last couple of months I have been having conversations with one of my good friends that I currently work with (non-real estate related). He's been doing realty for 3-4 years & offered to bring me in on a deal we both found mutually beneficial (after running the numbers & whatnot the house that we're putting an offer in on looks like a great deal!).

He's wanting to charge me a 20% of the Down Payment + Closing Costs for having this property under his LLC and for him taking me under his wing; this seems quite excessive to me. We'd still keep the ownership rates the same point-forward after this chunk (49% me, 51% him - is there anything I need to be worried about there? I didn't find anything in the agreement that made it look like his majority ownership trumped me in any way...) but essentially he'd be paying 31% of the DP+CC & I'd be paying 69%.

I'd appreciate any insight/help y'all can give me - this interaction has made me aggressively second-guess the decision to enter this partnership as it feels like he's trying to slip one past me. Thanks all!

Keaton Bergstrom

Thanks for replying, Lee - It'd be great to pick your brain and learn from you!

Hello everyone!

I am a new investor from North Dakota that is looking into SFR rentals - specifically in Grand Forks, Fargo, or Bismarck, ND. I currently live and work in Houston, TX (I'm an engineer for an oil company) with plans to return home to ND in the next couple of years. I'd love to network with anyone in ND that invests in realty - right now I'm shadowing under a fairly experienced investor here in Texas and am looking to expand. Thanks and Happy Holidays!

Keaton Bergstrom