Welcome to E.O.K.

Who:  We are a very diverse group of successful business owners and entrepreneurs and those working to achieve their goal of becoming an entrepreneur. The FIRST Entrepreneurial Collective chapter!

Why:  We believe we all learn something from each other...no matter if you're on your 1st startup or your 101st.  We believe no one person has all the answers...it is impossible to build a company without help.

How:  We use multiple tools to identify where each member needs assistance. We connect mentors/resources/capital with members. We provide accountability and support for reaching goals.

What:  Members focused on helping each other build successful startups.  

Please check the FAQ section if you have Questions. Your Board of Directors is made up of volunteers with a passion for seeing entrepreneurs succeed!

When:   Every 2nd Thursday 11:30 a.m. - 1:00 p.m. 

Where: Rodefer Moss 608 Mabry Hood Road, Knoxville, TN 37932

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Latest Activity

Roby Robinson's 2 blog posts were featured
May 13
Leonard Knight left a comment for Clifton Goodgame
"Welcome!"
May 11
Clifton Goodgame is now a member of Entrepreneurs of Knoxville
May 11
Roby Robinson posted a blog post

Patent Protection Is Not Always the Best Option

When a new technology is developed, it is often assumed that a patent application covering the technology should be filed. That is not always the case, however, as discussed here: http://www.robinsoniplaw.com/blog/ See More
Apr 30
Roby Robinson posted a blog post

"Do I REALLY need to register my copyright?"

This is a common question I get from copyright owners from time to time. I provide some background info here:  Do I really need to register my copyright?See More
Apr 29
Roby Robinson posted a status
""Do I REALLY need to register my copyright?" Find out here: http://www.robinsoniplaw.com/blog/"
Apr 29
Brian Howard is now a member of Entrepreneurs of Knoxville
Apr 23
Michael Bowie is now a member of Entrepreneurs of Knoxville
Apr 15
Thierry V Sommer posted a status
"FREE Targeted Workshop Tues April 21st 6:00 p.m. my office "Taxes and Investments" and special speaker on "Identity Theft" RSVP 692-1513."
Apr 14
Todd Prosan is now a member of Entrepreneurs of Knoxville
Apr 7
Walter Lounsbery's blog post was featured

Jump Into the Shark Tank!

The Shark Tank is holding and open call in Knoxville on April 30.  Do I need to say more?  Well, we'll let the Knoxville News-Sentinel fill you in.…See More
Apr 7
Walter Lounsbery posted a blog post

Jump Into the Shark Tank!

The Shark Tank is holding and open call in Knoxville on April 30.  Do I need to say more?  Well, we'll let the Knoxville News-Sentinel fill you in.…See More
Apr 3
Smita Deshmukh left a comment for Leonard Knight
"Thank you Leo! Excited to be part of EOK. Will be there on 9th April meeting.  - Smita"
Mar 31
Smita Deshmukh is now a member of Entrepreneurs of Knoxville
Mar 31
Leonard Knight's blog post was featured

Start with Why!

We've discussed this many times at Past EOK meetings but it deserves another post. If you haven't watched the TED Talk by Simon Sinek "Start with Why", you need to set aside a few minutes and get it done...now.See More
Mar 27
Leonard Knight posted a blog post

Start with Why!

We've discussed this many times at Past EOK meetings but it deserves another post. If you haven't watched the TED Talk by Simon Sinek "Start with Why", you need to set aside a few minutes and get it done...now.See More
Mar 27
I have several pieces of real estate that I own solely. All of my properties are commercial, industrial, or vacant industrial. This is where I'm comfortable. I have had an interest in flipping and foreclosure but never had the time or comfort level to take it on myself.

I was thinking today about forming groups of real estate investors that would pool some money together for the purpose of investing in such ventures. I would like to have a lead with experience in the type of ventures the group is focused on. For example, I have a buddy that flips houses and seems to be very good at it. I also have other buddies that invest in real estate, have never flipped houses, but would like to try. I could see 5-6 of us forming an LLC, putting in equal shares of equity, and have Pat take the lead to find good properties and guide us in the rehab.

What do you think? Anyone have experience with groups like this?

Tags: REIG, Real Estate

Views: 76

Replies to This Discussion

Good idea. I've had experience with groups of 3 and it went well. I think if you can avoid the "too many cooks in the kitchen" dilemna, you could attempt to have more members involved. I think it would be a great idea for those wanting to invest in real estate, but do not have the time to hunt for properties, rehab, market, etc. Maybe this "Investors Guild" could be more of a capital source, financing the projects and making their money on the interest and a finance charge??

Lots of angles for this!!
I like the idea, and Ronnie's suggestion. We could create something similar to Angel Investing groups I have seen where someone can find a property, pitch it to the group and interested participants can invest, with appropriate compensation/participation to the finder. The problem may be finding things with the appropriate deal size.
I may have a couple of resources for finding single family units for flipping or rehab and rent. One is a fellow I met a few weeks ago; he restores Victorian homes and said he finds deals in the $20k-$30k range but doesn't have the money to buy them himself. He would be interested in locating and restoring. We could pay him a finders fee or he could participate in the LLC as a sweat equity member getting compensated for his time, services, plus taking a share of the profit.

A buddy of mine does flipping himself. He finds the properties, buys them, restores them, sales them and is pretty good at it. I've sent Pat an email asking if he is interested but haven't heard back yet. I'll let you know what he says.
As a licensed General Contractor, I would love to help establish a standard proforma and forms for establishing estimates of costs for improvements.
Everyone that knows my husband and me knows about our dream of owning a coffee house, however, not many know about our "real" job and how we make a living. We are estate liquidators and we haven't run into a single client yet that wasn't trying to unload their home.

We want to get to the point in our company where we can purchase our client's home, and flip them, but we aren't there yet financially. We may be interested in a joint venture, and can possibly provide leads with houses. We can take a house from the estate liquidation, to repairs and staging for an open house, but as far as purchasing and flipping, we lack in experience, but plan to try it.

Do you have your team assembled already? I'm a late finder of your post and we have been away from EOK for quite a while now, working on estates.

If want to see what we have to offer, you can see our site here: http://estatefreedom.com

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