Find out how elite real estate investors write a Letter of Intent (LOI) that wins real estate deals every time. To download the perfect LOI visit www.beaubeery.... where you'll also find LOI cover letters and other useful templates.
Writing the perfect Letter of Intent that is just the right length, with all the right terms, and in a manner that is pleasing to the seller is an art.
I'm not an attorney, always consult counsel before submitting an offer.
Time Stamp:
00:50 The three things your Letter of Intent should accomplish with the real estate seller
01:15 A video is highly recommended to watch that helps you win more real estate deals
01:50 Begin Letter of Intent structure: The Reference Line
02:01 Describe which investor will draw up the purchase contract
02:30 Who is real estate purchaser and how to word it to allow for more flexibility
03:01 Who is real estate seller and how to find the correct entity name
03:10 Purchase price for real estate asset
03:16 How you intend to pay for the real estate asset, cash or financing
04:35 Escrow Deposit structure for the real estate purchase
05:41 Video recommendation on response times that will help you win more deals
05:50 Inspection Period framework and list of documents requested upon contract
07:24 Closing period, typically quoted as the number of days after Inspection Period
08:06 Real Estate Commission and who pays it
09:17 Miscellaneous paragraph describes days to create contract and exclusivity period
09:51 Real estate buyer and seller signatures and date signed
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5 сен 2024
