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

<p>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 (<strong>Jay Helms</strong>&nbsp;and&nbsp;<strong>Tim Kelly</strong>) 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.</p><p>In This Episode We Cover:</p><ul><li>Tim’s&nbsp;<strong>background story</strong>&nbsp;and how he got into real estate</li><li>Using&nbsp;<strong>203k loans</strong>&nbsp;to buy deals</li><li>Jay’s background and&nbsp;<strong>his live-in flip</strong></li><li>Why they think they make up a&nbsp;<strong>good team</strong></li><li>How they closed on an&nbsp;<strong>apartment complex</strong>&nbsp;6-months after partnering up</li><li>How they found the deal and&nbsp;<strong>details</strong>&nbsp;about it</li><li>The importance of a&nbsp;<strong>clear and concise plan</strong></li><li>How they&nbsp;<strong>financed</strong>&nbsp;the deal</li><li>Tips for finding the&nbsp;<strong>right partners</strong></li><li>How to create a&nbsp;<strong>“sample deal package”</strong></li><li><strong>What to look for</strong>&nbsp;in a partner</li><li>Why they participate in the&nbsp;<strong>BiggerPockets Forums</strong></li><li>How to&nbsp;<strong>network</strong>&nbsp;effectively</li><li>What a&nbsp;<strong>good deal</strong>&nbsp;is for them</li><li><strong>And SO much more!</strong></li></ul><p>Links from the Show</p><ul><li><a href="http://biggerpockets.com/forums" target="_blank">BiggerPockets Forums</a></li><li><a href="https://www.bigger