You hear me say to make an offer quite often, but some of you have reached out about how to write the LOI or Letter of Intent.
In Today's video, I talk about the nine things you need in your Letter of Intent before sending it out to potential property owners.
To summarize what your Letter of Intent (LOI) needs:
1) Buyer
2) Seller
3) Property address
4) Purchase Price
5) Downpayment
6) Inspection Time
7) How is the property being financed
8) Who is the Title/Closing Company
9) If you are a broker/commission
It's that simple, get out there and make some offers on commercial properties and let me know if you have any questions.
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Tim Diesel is a commercial real estate executive, entrepreneur, and bestselling author. With nearly 20 years industry experience, he is a frequent speaker at business seminars, sales conferences, corporate trainings, and many other investment events. He recently published his third book “Dominate Commercial Real Estate: The investors playbook.
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8 сен 2024