This document outlines the process for smallplex real estate investments which involve purchasing multi-family properties. It details the steps from finding a property and making an offer, to negotiating and signing a purchase contract, conducting due diligence like a title search and home inspection, wiring funds and closing on the property, then setting up property management. The goal is to find properties with cap rates of 30-50% or greater for investment potential.

1. Smallplex Properties: Multi-family Real Estate Investments.AgentInvestor
TitleCompany
orAttorney(NY)
ClosingFinding Escrow
Start
Is Cap Rate: 30-
50% or greater
Browse Zillow,
investor.smallplex.com
Yes
Call and Make
Verbal offer:
Will seller
accept X
Write up Purchase
Contract with 1k
Earnest Money
Review & Sign
Contract, for Seller
to pay Buyers
Closing Costs etc.
Buyer Deposits or
Wires Earnest
Money Deposit
Agent delivers
Contract to Seller for
e-Signature. Seller
Accepts & Signs.
(Optional):
Engages Home
Inspector, if
contingency
not waived
Conducts Title
Search etc.
Executes Title
Insurance (for
Warranty Deed),
none if Quit Claim
Deed.
Buyer can
request Seller to
pay for closing
costs in purchase
contract, e.g.
title insurance
Buyer reviews Clear
Title, Deed and
Closing Statement
Buyer Wires Funds
for Closing
Title records deed
with County
Executes Mgmt
Agreement with
Ppty Mgmt Co.
Finds Property
Management
company, typically
10% mgmt fee
Receives direct
deposit one month
after the first month
after closing
End
Title mails recorded
Deed to Buyer s
address
Yes
Verifies Tax
Credit, Rent
credits pro-
rated?