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We’ll assume for the purposes of this article that you’ve selected your target investment property.  The ideal time period for a group investment purchase is 120 days.  Once it’s fully subscribed and the purchase escrow is ready to close, funds are transferred from the “funding” escrow to the purchase escrow.  The reason to have the second escrow is to protect the investors’ funds in the event there are complications with the purchase escrow.  Check with your escrow provider to see if they will allow third party receipts before opening escrow.