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Updated about 10 years ago,

User Stats

777
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742
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Curtis Bidwell
Pro Member
  • Rental Property Investor
  • Olympia, WA
742
Votes |
777
Posts

Just Closed 33 Units ... $0 Down!

Curtis Bidwell
Pro Member
  • Rental Property Investor
  • Olympia, WA
Posted

Hey BP friends, had to share the event! This deal was 24 years in the making - growing in intensity this past 2 months! My partner wanted to retire from the business and so I offered to buy out his shares of the LLC this past summer. We've been working the details, finally getting the terms to everyone's satisfaction at 4:30 pm Friday afternoon. We got the paperwork from the attorney and went to the notary and inked the deal at 6:00pm! And then celebrated together over dinner with our wives!

I have a net gain of 33 units and total control of the LLC. $0 down. 5% interest. Escalating payments begin in January at just $2k/mo the first year, escalating year by year to $4k in year 6. Pay off in 14 years, 6 months.

Merry Christmas!

  • Curtis Bidwell
  • Podcast Guest on Show #95
  • Loading replies...