All Forum Posts by: Ken M.

I recently watched an episode of BiggerPockets where the guest discussed how he started a real estate investment company and buys commercial properties with 0% down. While I understand the basic structure of General Partners (GP) and Limited Partners (LP), I was under the impression that GPs always had to put 'skin in the game.'

I have 10 years of experience in retail real estate and a couple of partners who are interested in investing with me. I also have some capital to contribute.

Could someone explain how syndications are typically structured, and how are people using Other People's Money (OPM) to build large portfolios with little to no money down?

Hey everyone, it’s Godsheritage here!

I’m thrilled to announce that I just closed on my first investment property within one week of joining the BP community! Even more exciting, I’m already getting my second property under contract tomorrow with my partner.

A huge thanks to everyone for the incredible content! It’s still surreal to me that I’m able to own real estate at 20, but I know this is just the beginning. My goal for 2025 is to complete 50+ transactions and collaborate with even more people in this community.

If you’re a private money lender, investor, or fellow enthusiast feel free to reach out. Let’s connect! 🙌🏽

What are the pros and cons of each when compared? Thank you!

I am currently looking at a 10 acre property in Texas with a 2000sqft 2005 double wide. It would be a primary residence. The mobile home I would only want to keep for a few years to live in before building a new home. 
From my research you cannot sell the mobile home without it being paid off since the land is financed with the home. I could do separate loans on the land and mobile home but I think that may not be the best option. 
Is there any other ways to finance that would allow me to sell the mobile home in a few years and not be stuck with it for the life of the loan? 

Real Property mobile home and land.  Closed at Attorney Office.  Yes Note and Mortgage.  Would have to review documents about "waste" question.

Do you believe mortgage rate will start to decrease? Do you believe home prices will increase? Are we expecting a recession? I would love to hear everyone's thoughts!

Investment Info:

Single-family residence fix & flip investment in Success.

Purchase price: $55,000
Cash invested: $25,000
Sale price: $119,000

Bought at around $50k
Fixed up at around $20k
Sold at $120k

What made you interested in investing in this type of deal?

Fix & Flip opportunity.

How did you find this deal and how did you negotiate it?

Word of Mouth.

How did you finance this deal?

JV partners.

How did you add value to the deal?

Renovated

I sold a mobile home giving Owner Financing (OF) (never again will I offer OF).  The buyer had the mobile home demolished.  Crazy I know.  She is now in arrears 3 months and has agreed to deed the land back to me and take a Promissory Note for the balance 30K.  I think this arrangement is better than nothing or me taking her to court to only get the land back.  I know she can stop paying on the Promissory Note as it attaches to nothing.  Any ideas appreciated?  She is a real estate agent but rents so no property to place a lien on.

As titled, I am new to the property rental scene. I am ready and will be starting with property number one sometime, hopefully, quarter one of 2025 with a possibly 2 bedroom and 1 bathroom single family home; as this is within my current budget. The goal is to build a portfolio along the way. 
1. I found a house that I like to purchase in a great neighborhood and the exterior looks great for a 1922 stick built house. The problem is the foundation is sinking, the outdated polybutylene pipe is leaking in the crawl space and the electrical is outdated. The interior is decent and also requires updating . I have two questions that I would like to ask the community:

1. Is there a point of contact person/business that handles all home investor concerns (general contractor, engineer, etc.) OR do you call each individual specialist (plumber, electrician, mold expert, etc.)?

And 

2. With a 9-5 job too busy to catch a breather, being that it will be my first rental property would you recommend finding a property management company to oversee the investment property OR create a profile on a property management platform, I am thinking about Avail unless there is a better platform, to collect rent and hire specialist as issues arise from tenants?

I have many questions that need answers so I will likely be a regular here in this chat. Thank you all in advance!

Investment Info:

Single-family residence wholesale investment.

Purchase price: $100,000
Sale price: $147,000

Contributors:
Peter Vekselman

Partner Driven and Debra Cottom teamed up to purchase a home at Bayport Dr, Lancaster, TX, on 12/10/2024, for $100,000. With no renovations needed, we leveraged strategic pricing and marketing to sell it the same day for $147,000. This successful deal highlighted our ability to act quickly and capitalize on market-ready opportunities, delivering impressive results with speed and efficiency.

What made you interested in investing in this type of deal?

The Bayport Dr deal intrigued us due to its market-ready condition, favorable purchase price, and high potential for profit with minimal effort. The opportunity to collaborate with Debra Cottom on a deal requiring no renovations made it a perfect fit for a swift and profitable transaction.

How did you find this deal and how did you negotiate it?

Partner Driven identified the Bayport Dr property through our extensive network and partnerships. With Debra's expertise and keen negotiation skills, we secured the home for $100,000, ensuring it was positioned for a profitable and quick resale.

How did you finance this deal?

This deal was financed using Partner Driven’s capital resources, allowing for a seamless and efficient transaction. Our established process provided the financial backing to secure the property, enabling Debra to focus on the resale strategy.

How did you add value to the deal?

Partner Driven’s marketing expertise and network connections were key to this deal’s success. By positioning the property effectively and highlighting its strengths, we attracted motivated buyers quickly, ensuring a successful sale without the need for renovations.

What was the outcome?

The Bayport Dr deal closed successfully on the same day of purchase, selling for $147,000. This transaction demonstrated the strength of our partnership with Debra Cottom and our ability to capitalize on quick-turnaround opportunities.

Lessons learned? Challenges?

This deal reinforced the importance of recognizing market-ready opportunities and leveraging strategic partnerships. By acting quickly and aligning efforts with Debra’s expertise, we achieved success with minimal challenges, showcasing the power of collaboration and decisive action.