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Updated over 6 years ago on . Most recent reply

User Stats

66
Posts
59
Votes
Kent Leach
  • Specialist
  • Knoxville, TN
59
Votes |
66
Posts

244 Units, starting contract negotiations!

Kent Leach
  • Specialist
  • Knoxville, TN
Posted

I have an accepted NOI and just signed the engagement letter for attorney to start putting together PA to purchase 2 properties in Lawton Oklahoma totaling 244 units. I've enjoyed reading the posts of many of you as you take down deals and decided to try and document as much of the process as I'm able to for the benefit of others who are trying to accomplish the same goals.

We have a purchase price of $7.65 M and will be raising 3.25M from verified accredited investors through a 506c.  I'm sure it will be a long, tiring process with sleepless nights and long days.  I hope to bring some value to the board during this process and look forward to many conversations.

Most Popular Reply

User Stats

352
Posts
242
Votes
Bob Langworthy
  • Accountant
  • Brunswick, ME
242
Votes |
352
Posts
Bob Langworthy
  • Accountant
  • Brunswick, ME
Replied

Thanks for documenting this for us. Interested to see how it goes.

  • Bob Langworthy
  • Loading replies...