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Under Contract...Finally, after 5 months
Well, I don't know how many deals you guys are getting, but after 5 months, several hundred underwritten deals, and several best and finals, we finally are under contract on a 98 unit value add.
What it took:
- $100,000 EMD
- No Finance Contingency
- $50,000 Good Faith to lender
- $15,000 to attorneys for the PPM
Big shout-out to my partner, @Sam Grooms.
Now we just need to close...
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Originally posted by @Ben Leybovich:
Originally posted by @DL Martin:Otherwise, I'll be in HI in early October? You have any plans?
Hilarious!! DL knows what he's talking about...
I'll miss you by a month, Ben! I'll warn Brandon so he can get out of dodge.
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Originally posted by @Brian Burke:
Originally posted by @Ben Leybovich:Originally posted by @DL Martin:
Otherwise, I'll be in HI in early October? You have any plans?
Hilarious!! DL knows what he's talking about...
I'll miss you by a month, Ben! I'll warn Brandon so he can get out of dodge.
I am going to meet Brandon there. Taking Patrisha and kids. Celebrating @Darren Sager's birthday.
We can always make room for one more good person, and I guess since you come in a package with Suzi...but oh well... I'll just have to make plans to come see you
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What's with everyone going to HI? We'll be there in November.
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CLOSED!
2 days late, but closed!
Thinking about writing a few articles on the blog...
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Originally posted by @Ben Leybovich:
CLOSED!
2 days late, but closed!
Thinking about writing a few articles on the blog...
5 days before our loan application close date and 14 days before the contract close date. I wouldn't call that late.