The path to closing
1. Reserve your share
Groupi schedules a call to kick off your closing. You’ll sign the residential purchase agreement and addendum. You’ll receive instructions on how to wire your deposit, which is 15% of the share price.
2. Review and sign documents
You’ll receive two packets of documents to review and sign. The first includes the house policy, program manager agreement, inspection report and seller disclosures. The second has the operating agreement and ACH form for monthly operating expenses.
3. Prepare for closing
Groupi schedules a check-in call 1-3 days before closing. We’ll review your closing statement and wire instructions for sending the remaining funds. We’ll confirm all documents are signed and verify your first stay date.
Congratulations, you are now a Groupi owner! It’s time to crack open the champagne and share the good news about your investment with your family and friends. Now, just one more step.
5. Prep for lease
Following closing, property manager will get into the house and make-ready it for leasing.
The property manager will review applicants and lease the house to a qualified renter.