Christian OsgoodCEO, Multifamily Strategy · CEO at Multifamily Strategy

How to Deal with a LOI

28 Jul 2026 · 1 min

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1:19

Christian Osgood breaks down the Letter of Intent, a non-binding document that outlines property transaction terms. An LOI can be drafted by the buyer without legal risk if it includes purchase price, key terms, due diligence requirements, and timeline. His tool Osgood AI generates a properly formatted LOI automatically.

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And for the letter of intent, I'm not completely— I've been looking at a lot of deals recently and I've gotten okay with the numbers. I think they're getting solid. I can spot what's a waste of time and what I should probably look into more. And I call— I've been calling a lot of brokers. Yeah, but I haven't submitted any letters. I'm not completely confident on how to make a letter. And I looked back at your video and it said call a— what's it called? A lawyer. Do you know what—
For a purchase and sale, you want to call a lawyer. An LOI is a non-binding letter. Uh, so even if you completely screw it up, you did, you're not held to it. It is an understanding between parties. So, uh, you can draft it yourself. Um, I actually have, uh, a section in the AI section for like how I draft them with the, uh, Osgood AI, but it will literally, what you need is the price, any special clauses, the terms, and you'll want to put like the, it will, it'll actually help you fill it out. If you'll, hey, help me submit an LOI for this, but you put your name, address, who's buying it, the purchase price, the terms. Any special clauses, what would be needed in due diligence, and then your key timelines. Um, but it will literally, it will write it for you in a format that is completely usable. Um, that can be AI generated because it is completely not binding. You have no actual financial risk signing an LOI.