Investing Process for Crossroads
THe Process
Step 1: Due-Diligence (pre-contract)
- Talk to a Realty Wealth Advisors Investment Counselor to review your investment needs.
- Select a development to invest in (example).
- Get approved with a lender and finalize lot + upgrades to determine the final price.
Step 2: Contract & Deposit Stage
- Complete a Purchase Contract & Disclosure Signoff.
- Once Plat Records: Deposit the remainder of 10% of the purchase price to the title company.
(don't worry, we'll walk you through all of this)
Step 3: Construction Close to Income
- RWA will give you a 30-day notice to close on your construction loan.
- Once you close, the builder pulls your permit and begins construction asap.
- Watch your email for monthly on-site video updates and finalize property management. Receive your final certificate of occupancy, finalize your long term loan, and let your investment roll!
Note from the team: We understand that many of you are first-time investors. We want you to know that we put extra effort into guiding you through each step of this process. If you ever have a question, let us know!