All Forum Posts by: Robert Lolofie

@aaron K Thanks for the comment, Aaron! This is a man with deep pockets and he wants to help out a broke young'n' like me. I think if I could draw up a business plan, then he would likely do that.

(Side-note) When he first offered to back me on a deal, I was like a chicken with my head cut-off! Over the past 5 months doing research, that is the actual foundation of my plan that I've concocted. The BRRR method! So thanks for the affirmation!

I'm 23. Never made a real estate deal, but I've been learning for the past 8 months.

I have a friend who basically wants to help me get onto my feet. He is willing to let me use up to 500K to find a good deal in OKC area.

He told me that he would give me 10-12% property management fee and after its paid off he would cut me into the rent revenue.

This man has more money than he has ever needed. I know this is more of just a help to me because he could use this money to go into more commercial real estate deals like he already has.

I don't want to let him down. I'll treat his money with sacredness as he has trusted me with part of his life's work.

I want to do the BRRR strategy but have never done it before. Any suggestions? Pitfalls to avoid? Snakes to be aware of?