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How to write a Letter of Intent for commercial real estate 

Tim J Diesel - Commercial Real Estate
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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.
___________________________________________________________________
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.
---CONNECT WITH TIM DIESEL---
Tim Diesel Official Website - www.timdiesel.com
Linkedin - / timjdiesel
Instagram - / timjdiesel
Twitter - / timjdiesel
FaceBook - / timjdiesel
Commercial Real Estate Investing Podcast -bit.ly/tdieselp...
Diesel Commercial Group - www.dieselcommercialgroup.com
#timdiesel,#commercialrealestate,#LOI

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8 сен 2024

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Комментарии : 37   
@byAuracle
@byAuracle 2 месяца назад
Amazing videos Tim. Truly appreciate your helpful advice!
@TimJDiesel
@TimJDiesel 2 месяца назад
Glad you like them!
@terrecitaadams9632
@terrecitaadams9632 3 месяца назад
much appreciated
@TimJDiesel
@TimJDiesel 3 месяца назад
Welcome
@CM-dh4up
@CM-dh4up 2 года назад
This information is very helpful, Thank you!
@TimJDiesel
@TimJDiesel 2 года назад
Most welcome.
@elj2312
@elj2312 Год назад
Thank you so much!
@TimJDiesel
@TimJDiesel Год назад
You're welcome!
@marchannon7797
@marchannon7797 2 года назад
Very informative video thank you. How would you put together an LOI for a portfolio deal of 25 single family houses?
@TimJDiesel
@TimJDiesel 2 года назад
Treat it the same way as any other LOI, doesn’t matter what property. The details might change a little though. Hope that helps.
@tylerdiedrich1947
@tylerdiedrich1947 6 месяцев назад
thanks Tim currently drafting my first LOI for a parking lot downtown in a major metro area in mn @@TimJDiesel
@TimJDiesel
@TimJDiesel 6 месяцев назад
@@tylerdiedrich1947Excellent!
@jaben8058
@jaben8058 Год назад
This video was awesome. Do you have a template available. I could really use the help.🙏🙏
@TimJDiesel
@TimJDiesel Год назад
Yes sir, right on my website you can download it for free. www.timdiesel.com Let me know if you need anything else.
@soyourrealtor
@soyourrealtor Год назад
Tim quick question. I'm currently doing residents sale only. I really want to do both. My question is..is it possible to go In with out joining a board? I'm sure u need to get all the forms correct? So do u need the board for training too correct . Sorry for the dumb question.But im on the road to do what I want .Thanks for the video
@TimJDiesel
@TimJDiesel Год назад
Thank you for your question. Yes of course it is possible. I’m assuming by board you mean a license is that correct?
@valleystylez1
@valleystylez1 Год назад
What would someone write on an LOI regarding time to close if they're trying to buy the property to demo and build ground up, but will need time to get plans & permits?
@TimJDiesel
@TimJDiesel Год назад
Thank you for your question. You would ask for exactly what you need in order to complete your project. Meaning you would put up earnest money with “x” amount of days for the due diligence period in order for you to get the approvals you need to continue. Does that make sense?
@jjonesfc25
@jjonesfc25 Год назад
Hey Tim, I'm working on my first commercial deal now for 15 unit building. Do I include the stated purchase price in the loi or the price I am offering?
@TimJDiesel
@TimJDiesel Год назад
Thank you for your question. Include the offer price.
@bdtcrypto1542
@bdtcrypto1542 2 года назад
do you have any LOI templates that you use?
@TimJDiesel
@TimJDiesel 2 года назад
Yes sir, send me an email.
@DONXTV333
@DONXTV333 17 дней назад
Can we get template
@TimJDiesel
@TimJDiesel 16 дней назад
Send me your email address on IG
@venpacarestaurantfl
@venpacarestaurantfl 2 года назад
Would you be able to send us a template of an LOI
@TimJDiesel
@TimJDiesel 2 года назад
Thank you for your comment, www.timdiesel.com. It’s part of the free toolkit, just download the forms you want.
@letstalkrealtea813
@letstalkrealtea813 2 года назад
Do you have a commercial LOI template?
@TimJDiesel
@TimJDiesel 2 года назад
Thank you for your comment. I’ll put together a little investors toolkit this weekend with an LOI template and some other resources. I’ll leave another comment when it’s done.
@eddietalks1
@eddietalks1 Год назад
Do you have a template?
@TimJDiesel
@TimJDiesel Год назад
Go on my website, free download
@abdulbeyt.v.180
@abdulbeyt.v.180 2 года назад
Great video! Do you have an LOI template available for us?
@TimJDiesel
@TimJDiesel 2 года назад
Thank you for your comment. I’ll put together a little investors toolkit this weekend with an LOI template and some other resources. I’ll leave another comment when it’s done.
@abdulbeyt.v.180
@abdulbeyt.v.180 2 года назад
@@TimJDiesel GRATITUDE!
@dr.tiaharris7294
@dr.tiaharris7294 Год назад
@@TimJDiesel Hello, did you ever do a toolkit?
@TimJDiesel
@TimJDiesel Год назад
@@dr.tiaharris7294 Yes, you can get it from my website www.timdiesel.com
@mrubio322
@mrubio322 Год назад
@@TimJDiesel Hi Tim, went to your site and I think it's under construction, would you please share an LOI commercial template? Thank you so much for your time.
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