All Forum Posts by: Josh Mahan
Josh Mahan has started 2 posts and replied 6 times.
Post: Electrician looking to expand real-estate portfolio in NKY
- Hebron, KY
- Posts 6
- Votes 3
I would love to find something that is has value add potential but not looking to full rehab. I have high equity in my current duplex so planning on using that to fund down payment for the next property.
Post: Electrician looking to expand real-estate portfolio in NKY
- Hebron, KY
- Posts 6
- Votes 3
I have been on BP for a while but my profile is prompting me to do an intro. My name is Josh and I am an electrician. I work a W-2 day job and have my own electrical business. I would like to purchase a 4 unit building in NKY in 2025. I have wholesaled, fix and flip and I have a duplex that I have owned for 5 years.
Post: Kris Krohn partners how has is gone for you?
- Hebron, KY
- Posts 6
- Votes 3
Part of the appeal for me personally is being able to use an old 401k to fund. I agree with you, I don’t like the 10k “Set up fee”. That’s basically giving up another property after a couple deals.
Post: Kris Krohn partners how has is gone for you?
- Hebron, KY
- Posts 6
- Votes 3
Quote from @Chris Seveney:
Quote from @Josh Mahan:
I am looking for a few people that have partnered with Kris Khron on Single Family. Would love to hear how it went/is going. I know this has been discussed in other posts but they seem to be full of opinions and not many people that have actually partnered.
Current partnership for one Single Family is approx 50k down payment, 10k partnership/management fee, 10k put in bank account for operating expenses. They find and manage the property. Profit split is 70% you 30% them. Target return is 25-35%. The plan is to sell every 4/5 years and reinvest to double your portfolio at that time.
So if you are doing this how is it going for you?
Thanks!
It appears you already have your mind made up to partner with this group.
You know, there was once this guy who would do 50/50 deals with note investors and had a lot of negative opinions. People did not care and were just loving the fact this person seemed like a nice guy. They ignored every red flag because they had zero experience. Six months later they are crying about losing $.
This is like sticking your hand on the burning stove. There will be a lot of opinions on it but many who have never burned themselves. Why? Because they are intelligent enough to not do it.
Post: Kris Krohn partners how has is gone for you?
- Hebron, KY
- Posts 6
- Votes 3
Well contrary to your opinion I have not already made up my mind to make the investment. If I had done that I would have made the investment. I made up my mind to do some more research, so I came to bigger pockets to reach out to the community here to see if I could get some feedback from people that have experience with this. I went ahead and listed out the claimed details from Khron to add some context to my question.
Thanks.
Post: Kris Krohn partners how has is gone for you?
- Hebron, KY
- Posts 6
- Votes 3
I am looking for a few people that have partnered with Kris Khron on Single Family. Would love to hear how it went/is going. I know this has been discussed in other posts but they seem to be full of opinions and not many people that have actually partnered.
Current partnership for one Single Family is approx 50k down payment, 10k partnership/management fee, 10k put in bank account for operating expenses. They find and manage the property. Profit split is 70% you 30% them. Target return is 25-35%. The plan is to sell every 4/5 years and reinvest to double your portfolio at that time.
So if you are doing this how is it going for you?
Thanks!