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Updated almost 6 years ago,
Essential Docs/contracts for a syndication
I'm creating a real estate investment company focused on multifamily properties (5-15 units) that pencil. I'll manage everything- the rehab and property manage- anything an asset manager would do with a "hands on" type of personality. I have a few investors that have instilled trust in me.
I want to confirm that I have all the required Docs and contracts to make Absolutly sure these syndications are professional and protected. I'm seeking input from the bigger pockets community as to what I or any aspiring real estate investor needs to bring in a group of investors, purchase a multifamily property, rehab it, refinance it with holding periods of 3-7 years.
This is what I have now:
Investment Prospectus -(the investment summary)
Business Plan- (simple and clean- 35-40 pages)
PPM - (private placement memorandum)
Investment agreement - (Do I need this if I have the Operating agreement?)
LLC Operating agreement
Investments agreement Receipt - (proof of your investment)
Promissory note (if needed)
I don't need legal advise. my father is a retired attorney. I'm looking for the missing parts from the entrepreneurial side. I'm looking for what Docs the community uses. I truly appreciate any help and or guidance.
Thank you for your time,
Eric Ketelsen