How to Reserve a FIG Unit (Fourplex Investment Group)Jun 05, 2021
"Some projects might not even make it out to the open market—they'll be fully reserved by investors on the waitlist. The best way to make sure you can invest with the Fourplex Investment Group is to get on that waitlist."
How do you reserve a fourplex, duplex, triplex, etc from the Fourplex Investment Group?
This all depends on what's happening in the market. Normally, what you would see happen, is the FIG team will have each of their upcoming projects on this website. We'll immediately then put it on the MLS and a variety of other places in order to let as many investors as possible be aware that we have new inventory.
When you find a project that might fit your needs, you'll go to our contact page and reach out to any of the members of our team. You'll set up a time with one of us to talk, and we're going to spend some time going through the FIG process and making sure you understand construction financing, reservations, stabilization, etc.
You'll need clarification on each of these things before you can reserve anything. If you call and say, "Hey I have money and I want to reserve right now"... we're going to tell you to pump the brakes—because unless you've worked with us before—you're probably not familiar enough with the process to know what you're actually committing to.
Everyone needs to have a conversation with the FIG team first to make sure you're an educated investor and that you understand the process.
The Fourplex Investment Group can occasionally get in the situation where our available projects have to come out in chunks. Sometimes it gets a little quiet before multiple projects become available at once.
A large waitlist of investors can build up during this period so some projects might not even make it out to the open market—they'll be fully reserved by investors on the waitlist.
So the best way to make sure you can invest with the Fourplex Investment Group is to get on that waitlist. The more information we have about you, your availability, and what it is you're looking for, the better. Investors on our waitlist will be contacted BEFORE we take anything to the open market and formally publish it to the MLS.
One more detail:
People can and do fall out of contract. They might reserve a fourplex that doesn't start construction for another six months and then before it starts they might lose their job. When this happens. What do we do? We reach out to those who have expressed interest first and let them know they can jump in and take the empty spot.