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Updated over 10 years ago on .

User Stats

11
Posts
1
Votes
Tosin O.
  • Rental Property Investor
  • Chicago
1
Votes |
11
Posts

How would you approach this million dollar deal?

Tosin O.
  • Rental Property Investor
  • Chicago
Posted
There is a $10,500,000 land area for sale in a very busy and populated downtown area of the east coast that I am about to put an offer on. I have partnered with a middle eastern private equity firm who has given me the okay to tackle this large development. I've given the sellers rep pof and now I need to figure out how much below asking I'm going to offer. This is my first multi million dollar deal and it's a bit nerve racking. It's going to be a new construction that will probably total over $17,000,000. My plan is to build a 15 story luxury residential condo tower. What clauses and/or concessions should I ask for if I am going to crowd fund the money from my private equity networks?