All Forum Posts by: Miron Briley

We lock in around 10 deals monthly right now and growing. Would love to join your group send me a DM

If I were in your position , I would partner with another operator , or possibly fund fix and flips as a PML.
You can also invest in some smaller multifamily or multifamily funds.

How much do they need as a down payment ?

We have 5 SFH subto and 70 units multifamily on seller finance. (for credibility)

We have closed a few subto on our own and a few with partners. 

It depends on the deal, but what we did was give the PMP (Private Money Partner) 50% equity in the property to fund the entire entry fee.
Thats not necessarily a rule of thumb.
This to me is a sliding scale based on the Cash on Cash return you can expect.
Further , we offered our partner 75% of the cash flow until they are paid back in full, then the cash flow return drops down to 50%.
All liabilities would also be split 50% with this partner.

We called the company we use , who establishes our LLCs, opened an LLC, wrote up an operating agreement and a JV agreement that outlined all of our responsibilities for the asset.

Quote from @April Garrison:

Quote from @Miron Briley:

Hey Hey!
My wife Karolyn and I started Real Estate journey in April 2021 with bigger pockets, and we have since closed on 75 doors, Multifamily and Single Family.  Thank you Bigger Pockets for helping us get started in our real estate journey. 

My wife has experience with Fund of Funds syndication on a 400 unit in Arizona.

We are partners on two hotel developments in Puerto Rico.
We have built a team of 6 , we wholesale cash , subject to and seller finance deals in the sunbelt states.
Last year we closed 500k in assignments.

Karolyn and her partner throw a monthly meet up in Dallas TX if anyone is in the area send me a msg!

Our goals for 2024
1. Help 50 people get started in Real Estate with their first deal.
2. Gross Three million in assignments for our team.
3. Buy a small hotel <20 doors, in TX, AZ, CA.
4. Buy 3-4 more single family
5. Partner on 500 unit multifamily with our mentors.

If we can help in any way please reach out !

 Hi I am new to wholesaling and I have finished a program just recently and I have everything lined up to begin I have been unsure of how to exactly begin this journey. Any help would be greatly appreciated if you can reach out and send me your contact info that would be awesome. I'd love to connect. Thank you and have a blessed day April

 Absolutely!  would love to help you get started, just like others have helped me

 No cost! 
Yall I'm really sorry I dont really get on Bigger pockets enough! LOL

 absolutely I will take a look 

 Yes !! Let us know ! 

Hey Hey!
My wife Karolyn and I started Real Estate journey in April 2021 with bigger pockets, and we have since closed on 75 doors, Multifamily and Single Family.  Thank you Bigger Pockets for helping us get started in our real estate journey. 

My wife has experience with Fund of Funds syndication on a 400 unit in Arizona.

We are partners on two hotel developments in Puerto Rico.
We have built a team of 6 , we wholesale cash , subject to and seller finance deals in the sunbelt states.
Last year we closed 500k in assignments.

Karolyn and her partner throw a monthly meet up in Dallas TX if anyone is in the area send me a msg!

Our goals for 2024
1. Help 50 people get started in Real Estate with their first deal.
2. Gross Three million in assignments for our team.
3. Buy a small hotel <20 doors, in TX, AZ, CA.
4. Buy 3-4 more single family
5. Partner on 500 unit multifamily with our mentors.

If we can help in any way please reach out !