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| Our Role |
• Complete questionnaire
• Present investor package – evaluate client needs
• Expression of interest or intent signed by investor,
• Explain Joint Venture Agreement (including Legal)
• Customize JV agreement or USA (Unanimous Shareholders Agreement)
• Provide investor financial information to specified mortgage broker,
• Filter property, due diligence, systems and techniques,
• Introduce investor to particular deal and explain ROI
• Agree upon investment term
• Sign Joint Venture Agreement or Unanimous Shareholders Agreement
• Add properties to the agreement
• Select final properties and estimate renovations
• Verbal agreement to proceed with purchase is agreed between parties,
• Write offer on property
• Negotiate terms of offer through realtor
• Vendor accepts offer
• Mortgage financing applied for during condition removal period
• Professional services inspect and appraise the property
• Property management company brought onboard
• Organize property insurance
• Accounting mechanism implemented for JVA or newly formed corporation
• Set up bank accounts for JVA or corporation
• Possession of property
• Complete renovations to appropriate standards for quality tenant base and resale at term end
• Property management firm completes tenant search and screening process
• Tenant moves into quality home
• Mortgage payments begin and equity continues to rise
• Send pictures and property pro-forma to JV partner
• Monthly expense sent to JV partner if requested
• Annual or semi-annual investment status report sent out
• Accountant prepares annual statement for JV or corporation for both parties
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