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Updated almost 2 years ago,
How to Protect an Off-Market Deal
Hi All,
I've found what I believe to be a good off market deal for a small apartment complex. This is my first apartment deal so I want to bring in partner(s) for capital as well as experience. However I've never pitched this type of deal. My concern is that if I pitch it to a bunch of investors someone might try and reach out to the seller and cut me out.
What would be the best practice here? Pitch the deal without giving the exact address or perhaps asking potential investors to sign some kind of document stating that they won't do anything with the specific property without me?
Has this ever happened to anyone? I'm not sure if I'm making a mountain out of a molehill.
I've found what I believe to be a good off market deal for a small apartment complex. This is my first apartment deal so I want to bring in partner(s) for capital as well as experience. However I've never pitched this type of deal. My concern is that if I pitch it to a bunch of investors someone might try and reach out to the seller and cut me out.
What would be the best practice here? Pitch the deal without giving the exact address or perhaps asking potential investors to sign some kind of document stating that they won't do anything with the specific property without me?
Has this ever happened to anyone? I'm not sure if I'm making a mountain out of a molehill.