It's always negotiable. I try to keep it very low and explain how I'll be spending hundreds of thousands of dollars on predevelopment to get the project ready to build.
Question about dirty sites. So if you encounter a dirty site and complete a phase 1 & phase 2. Who are you typically hiring to clean up the site? Who are the professionals you should start by reaching out to?
Wondering what the typical Earnest Money is on Commerical Deals in general? Thank you!
It's always negotiable. I try to keep it very low and explain how I'll be spending hundreds of thousands of dollars on predevelopment to get the project ready to build.
Question about dirty sites. So if you encounter a dirty site and complete a phase 1 & phase 2. Who are you typically hiring to clean up the site? Who are the professionals you should start by reaching out to?
Environmental engineering and consulting firms. Every market should have a good firm, or several, that handle site remediation projects.
This was a great read Sean. Thanks for sharing and going into your process.
Do you have an example of an LOI and PA that could be shared with readers? Even if it is a redacted version.