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Multi-Family and Apartment Investing
HomeForumsMulti-Family and Apartment InvestingUnder Contract...Finally, after 5 months
Ben Leybovich's profile image
Ben Leybovich's profile image
Ben Leybovich
  • Rental Property Investor
  • from Phoenix/Lima, Arizona/OH
  • Member since Aug 27, 2012
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Ben Leybovich's profile image
Ben Leybovich's profile image
Ben Leybovich
  • Rental Property Investor
  • from Phoenix/Lima, Arizona/OH
  • Member since Aug 27, 2012
Connect
Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
4,294
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4,456
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Multi-Family and Apartment Investing

Under Contract...Finally, after 5 months

Ben Leybovich
  • Rental Property Investor
  • Phoenix/Lima, Arizona/OH
Posted Jul 26 2018, 20:37

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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