BiggerPockets Real Estate Podcast

282: How to Create the Perfect Partnership with Tim and Jay

Listen Later

When does one plus one equal WAY more than two? Real estate partnerships! On this episode of The BiggerPockets Podcast, we sit down with two real estate investors (Jay Helms and Tim Kelly) who were attempting to build their business alone, but found they could do far more together. In this fun and fast-paced interview, you’ll learn what makes their partnership so successful, as well as how the team analyzes a market (including several can’t-miss online research websites), and how they took down a 42-unit apartment complex using some pretty fantastic creative financing. Whether you plan to build your empire alone or alongside a partner, this episode is sure to give you a variety of tips and strategies to help your business take off.

In This Episode We Cover:

  • Tim’s background story and how he got into real estate
  • Using 203k loans to buy deals
  • Jay’s background and his live-in flip
  • Why they think they make up a good team
  • How they closed on an apartment complex 6-months after partnering up
  • How they found the deal and details about it
  • The importance of a clear and concise plan
  • How they financed the deal
  • Tips for finding the right partners
  • How to create a “sample deal package”
  • What to look for in a partner
  • Why they participate in the BiggerPockets Forums
  • How to network effectively
  • What a good deal is for them
  • And SO much more!

    • Links from the Show

    • BiggerPockets Forums
    • BiggerPockets Webinar
    • BiggerPockets Podcast 066: Flips, Apartments, & Protecting Yourself From Professional Tenants with Michael Blank
    • BiggerPockets Events
    • BiggerPockets Marketplace
    • Best Places
    • Bureau of Labor Statistics
    • City Data
    • Yelp

      • Books Mentioned in this Show

      • How to Win Friends & Influence People by Dale Carnegie
      • Rich Dad Poor Dad by Robert Kiyosaki
      • The ABCs of Real Estate Investing by Ken McElroy
      • Sovereignty: The Battle for the Hearts and Minds of Men by Ryan Michler
      • Wild at Heart Field Manual by John Eldredge
      • Tax-Free Wealth by Tom Wheelwright

        Fire Round Questions

        • Sellers Do Not Want to Give Due Diligence. What Do I do?
        • If u had no ties 2 any city,Where would u move 2 start investing?

          • Tweetable Topics:

          • “Is there a better way to first get involved in real estate than to leverage the power of the bank?” (Tweet This!)
          • “Once you figure out your why, then you will be able to set goals to support that why.” (Tweet This!)
          • “It’s more important to pick something than to get stuck choosing the right thing.” (Tweet This!)
          • “I want to live where I want to live and invest where it makes sense.” (Tweet This!)

            • Connect with Tim

            • Tim’s BiggerPockets Profile
            • Tim’s Facebook Profile
            • Tim’s LinkedIn Profile
            • Tim’s Instagram Profile
            • Tim’s Website

              • Connect with Jay

              • Jay’s BiggerPockets Profile
              • Jay’s Facebook Group
              • Jay’s Website

                • Learn more about your ad choices. Visit megaphone.fm/adchoices

                ...more
                View all episodesView all episodes
                Download on the App Store
                BiggerPockets Real Estate PodcastBy BiggerPockets
                • 4.8
                • 4.8
                • 4.8
                • 4.8
                • 4.8

                4.8

                16,512 ratings

                More shows like BiggerPockets Real Estate Podcast

                View all
                Afford Anything | Make Smart Money Choices by Paula Pant, Personal Finance Expert | Cumulus Podcast Network

                Afford Anything | Make Smart Money Choices

                3,568 Listeners

                The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action by The Real Estate Guys

                The Real Estate Guys Radio Show - Real Estate Investing Education for Effective Action

                702 Listeners

                Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

                Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

                3,852 Listeners

                Rental Income Podcast With Dan Lane by Rental Income Podcast

                Rental Income Podcast With Dan Lane

                833 Listeners

                The Cardone Zone by Grant Cardone

                The Cardone Zone

                3,911 Listeners

                The Side Hustle Show by Nick Loper of Side Hustle Nation | YAP Media

                The Side Hustle Show

                1,582 Listeners

                ChooseFI by ChooseFI

                ChooseFI

                5,152 Listeners

                BiggerPockets Money Podcast by BiggerPockets

                BiggerPockets Money Podcast

                3,084 Listeners

                Real Estate Investing with Coach Carson by Chad Coach Carson

                Real Estate Investing with Coach Carson

                618 Listeners

                BiggerPockets Business Podcast by BiggerPockets

                BiggerPockets Business Podcast

                694 Listeners

                Ken McElroy Show by Ken McElroy

                Ken McElroy Show

                723 Listeners

                Real Estate Rookie by BiggerPockets

                Real Estate Rookie

                1,824 Listeners

                BiggerPockets Daily by BiggerPockets

                BiggerPockets Daily

                319 Listeners

                Wealthy Way by Ryan Pineda

                Wealthy Way

                2,131 Listeners

                PassivePockets: The Passive Real Estate Investing Show by PassivePockets, Jim Pfeifer, and Left Field Investors

                PassivePockets: The Passive Real Estate Investing Show

                132 Listeners

                On The Market by BiggerPockets

                On The Market

                902 Listeners

                The BetterLife Podcast by Brandon Turner and Cam Cathcart

                The BetterLife Podcast

                847 Listeners

                The David Greene Show by David Greene

                The David Greene Show

                706 Listeners