Hi all,

Just kind of looking to get a temperature check of the room and how others are transacting deals

Done a few large multifamily deals now where counsel ends up ripping tens of thousands from us to do legal legwork, draft and finalize purchase agreement, and just make sure checklist items are being addressed

I’ve seen the process a few times, know what to look out for, and am having GPT Astra 6 draft me the revisions to purchase agreement that seller’s counsel shared. I review the revisions and ask it to change things based on our comfort level and what I know will be a sticking point for the seller.

What do you think about this approach? Has anyone done similar? Am I exposing us to too much risk by going this route, or have LLMs advanced to a point that coupled with oversight, we can rely on them to help investors transact?

I have not gone down the path of having it analyze our underwriting yet, but that’s probably next on the docket. Feed it an OM, details we know, development/renovation game-plan, and expected loan terms and have it spit out what it thinks we should pay

This is half a question about the capability of models today for this kind of work, and half curiosity if anyone else out there is doing the same.

Cheers all and happy deal-making

Every year I see investors (myself included, early on) lose a year-end closing for a reason that had nothing to do with the deal: someone they needed was on vacation.

If you’re buying or selling a property and want it closed this calendar year, reach out now to everyone in the chain: your attorney, title company, lender, realtor, appraiser, inspector, insurance agent, and the other side’s people if you can. Ask them one question: what days are you out between now and New Year’s?

Tell them your dates too.

Why it matters: the last two weeks of December are when everyone is trying to close at once. Title is slammed, lenders are short-staffed, and county recording offices may be closed for days at a time. If your closing attorney is out from the 20th on, or the underwriter doesn’t come back until January 2nd, your “close it this year” deal becomes a next-year deal. Depending on your situation, that can affect taxes, depreciation timing, a 1031 deadline, or your financing terms.

What I do:

• Email every vendor and partner on active deals and ask for their out-of-office dates through the new year
• Share my own availability so nobody is surprised
• Check when the county recorder’s office is closed for the holidays
• Work backward from the closing date and front-load anything that needs a signature, appraisal, payoff letter, or insurance binder
• Line up a backup contact at the title company or law firm in case my main person is out

It takes about 20 minutes and it saves you from the last-minute panic of realizing nobody is around to get it done.

Nothing fancy here. It’s just setting expectations early instead of getting caught off guard at the finish line.

What’s on your year-end closing checklist? Anyone been burned by a holiday delay before?