Our Process
What to Expect
Our quick 7 step overview of how finding and acquiring a deal will go
Find a property that meets our investors goals
Team makes an offer and negotiates purchase price and terms
Offer is accepted; business plan and property is shared with our investors
Team performs more detailed due diligence on property. This includes but is not limited to: reviewing utility bills and bank statements, on ground research of property and market, and inspections of entire property.
Team renegotiates offer based on findings(if applicable)
Legal docs will be created by attorney. They will be signed by our team as well as our Investors. Mortgage will also be approved with a signature by the loan guarantor.
THE DEAL IS CLOSED!!!
Roles/Responsibilities- Gp vs LP
Gp- or general partnership, also sometimes referred to as the sponsor of the deal, are the active and managing partners of the asset.
LP- or limited partner, are partners who bring capital to the deal, but are passive in that they don’t have an responsibilities in running and operating the asset/business plan. Most all investors will be limited partners
General Partner(GP) (Enlightened Ventures)
Find and review investment opportunities
Perform market research on investment areas
Underwrite deals and decide which to offer on
Place offers and negotiate these offers
Coordinate with professional property inspectors
Find and secure best financing option for the property
Coordinate with attorney to form LLC and partnership agreements
Travel to subject property to do due diligence and further market research
Hire and oversee property management company
Perform additional asset management duties such as:
Conversing with lender
Create, oversee, and execute business plan
Ongoing Investor communications
Limited Partner(LP) (You as an Investor)
Provide equity for project
Have/help with mortgage approval
Receive monthly/quarterly distributions
Receive profits at sale or refinance