Investment Details
- Minimum Investment: $50,000
Partner criteria: The fluctuating price of real estate, the uncertainty of cash flow, illiquidity, and other risks makes real estate investing only suitable only for accreditor investors who have sufficient net worth and/or earning ability.
In order to be eligible to become a partner, an individual must satisfy the following criteria:
- Either individually or together with his/her or its investment advisors, the Partner must have knowledge and experience in financial and business matters and particular knowledge in investments of the type that we will offer such that the investor is capable of evaluating the merits and risks of each investment opportunity;
- The Partner's financial condition must be such that he/she, or it has no need for liquidity with respect to his/her or its investment;
- The investor must be able to bear the economic risk of his/her or its investment in any of our partnerships, and the risk of losing part or all of his/her or its investment.
Each subscriber must represent that he/she or it meets these criteria, and TerraNova will consider and be entitled to rely upon such representation in deciding whether or not to accept the subscriber's subscription. (Subscription Agreements and Questionnaire's will be provided at the time of each investment offering).
These investment criteria represent the minimum standards for prospective partners in our Partnerships, and satisfaction of such standards by a prospective investor does not necessarily mean that an investment in one of our Partnerships is a suitable investment for such person or entity. Legacy may accept or reject any subscription for Units, in whole or in part, in their absolute discretion.
Funding: Many of our projects can take funds in the form of:
- cash
- 1031 exchange funds
- Self-Directed IRAs and ROTH IRAs
