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Updated about 10 years ago,
Just Closed 33 Units ... $0 Down!
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!