RVEN Reven Housing REIT Inc

Item 1.01 Entry into a Material Definitive Agreement.

Oklahoma City 89 Purchase and Sale Agreement

On November 1, 2018, Reven Housing REIT, Inc. (the “Company”) entered into a Single Family Homes Real Estate Purchase and Sale Agreement (the “Agreement”) with TB Rentals, LLC, ( “Seller”), to purchase a portfolio of up to 89 single-family homes located in the Oklahoma City, Oklahoma metropolitan area from the Seller. The Seller is unaffiliated with the Company.

The Agreement provides for a deposit of $71,000 and a total contract purchase price for the 89 properties of $7,100,000, including closing costs and subject to certain adjustments.

For a period commencing on the effective date of the agreement and ending on the 60 ^th day following the Company’s receipt of certain due diligence information (the “Due Diligence Period”), the Company may conduct inspections to determine whether the properties are suitable for the Company’s purposes, in the Company’s sole discretion, including, without limitation, whether there are any necessary repairs or improvements to bring the properties into compliance with the applicable local building code, if recommended. If the Company elects to proceed with the transaction after the expiration of the Due Diligence Period, the Seller will, at its option, conduct the repairs at its cost or reduce the purchase price by the amount of such costs, provided that the Seller will also have the option to exclude certain properties requiring repair and reduce the aggregate purchase price by amount attributable to the excluded homes as long as the value attributed to such excluded properties does not exceed ten percent (10%) of the aggregate purchase price of all properties acquired.

The Oklahoma City 89 Agreement provides that the closing for the purchase of the properties is to occur no later than the 30 ^th day following the end of the Due Diligence Period. The Company’s purchase of the 89 single-family homes is subject the Company’s due diligence review of the properties. There can be no assurance that the Company will consummate the acquisition.

The foregoing description of the Agreement is qualified in its entirety by reference to the full text of the agreement, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.