Define whether the property will be self-managed by the company or handled by a third-party firm.
When drafting a formal Letter of Intent (LOI) , ensure the following are included: buying property as a business
Verification of historical rental income, tax documents, and utility costs. Define whether the property will be self-managed by
Structural integrity, environmental assessments, and required repairs. 5. Operational Structure and utility costs. Structural integrity
Establishing a "Property Co" allows for easier fundraising, shared ownership through equity, and clear succession planning.
Legal names of the buying entity and the seller. Purchase Price: The proposed amount and intended deposit.
By holding the property in a business entity, personal assets are shielded from legal claims related to the property.