Managing Deal Lifecycle
As your deal progresses, you need to update its status to keep your team and investors informed.
Deal Stages
- Deal Created: Initial draft stage.
- Under Contract: PSA signed. Due diligence period begins.
- Due Diligence: Inspecting property, reviewing financials.
- Raising Capital: Open for investor commitments.
- Closed: Property acquired.
- Archived: Deal sold or cancelled.
How to Update Status
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Access Deal Settings Open the deal and click the Settings (gear icon) in the top header.
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Change Status Locate the Status dropdown. Select the new stage (e.g., change from "Deal Created" to "Under Contract").
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Update Key Dates If the closing date has shifted, update the Target Purchase Date in the Terms tab. This ensures your countdowns and task reminders remain accurate.
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Publish Updates Use the Updates feature to send a notification to all followers/investors about the status change.