Development Investor Meeting
Location visible to members
Given the possible property and importance of recruiting investor-developers at this stage, the upcoming meeting will be devoted to that.
Please attend ONLY if you are interested as a development investor & have a MINIMUM $10,000 to invest.
TO ATTEND, YOU MUST SEND THE FOLLOWING STATEMENT (cut & paste) to angela at dallascohousing.org:
After reviewing this entire statement, I understand that:
Ø This is a statement of my Intent: NOTHING here is binding.
Ø If I like the property, I currently have a MINIMUM of $10,000 to invest
(Note: multiples of $10,000 are OK & people can create a partnership to buy a “unit”.)
I understand that these funds will be used to create partnership entities & as a down payment toward the property development costs.
Initial Investment Returns will be first applied toward the purchase of a condo at this property.
The choice of space will be from largest to smallest investor.
If (2) investments are the same size; the first received will have priority.
Ø Hugh is still negotiating & I will:
v REFRAIN FROM having side discussions with the property representatives,
v REFRAIN FROM disclosing my name or contact info to the property representatives,
v Be aware that most information I disclose to the Seller can be used against us until the property is under contract,
v ONLY direct questions or comments on the tour to Hugh --who will be our negotiator.