Our Process

Once we receive and process your initial information, we will conduct a follow-up call to verify the property information (such as rent roll, operating expenses, and any capital improvements completed) for the initial due diligence. If the process moves to the next phase, the following stages are outlined below.

Letter of Intent (LOI)

An LOI is the initial offer where we will outline terms such as purchase price, estimated closing date, due diligence contingencies, seller entity, and type of financing, if any. We can discuss any of the terms directly so that you understand the terms involved.

Purchase Contract

Once we have the agreed upon LOI terms, we will send a purchase and sale agreement (for the applicable state), which is the binding agreement outlining all terms between the buyer and the seller.

Due Diligence Period

This period, which may be as short as 5 days, allows us to inspect and review information regarding the sale of the property including, but not limited to title, liens, surveys, financials, taxes, insurance, leases, condition of the property, operating statements, etc.

Closing

Once all the due diligence items have been satisfied and the escrow period has passed, we will move to close on the property. A title company or attorney will handle the closing items for the parties involved.