A real estate investor dictates a Letter of Intent for a $2.9 million property purchase with the seller financing 30 percent. The strategy is speed and volume: write the offer fast, send it immediately, and make many offers to close deals quickly.
If they don't like it, too bad, sell to somebody else. Good luck and move on. So go ahead and hit the dictate button. Put together, put together an impromptu LOI using all the components of a letter of intent necessary for it to be considered professional. And we want to use the, use the information that we currently have to do that. We want to offer $2.9 million. We want the seller to carry 30% and we want to We're going to be using a debt structure to get it taken care of through our commercial banker. We will need to have all of the pertinent information to verify and validate the current information as it's been provided, but we are only interested in offering a $2.9 million purchase price with owner carry of 30% of that so that we can get it, get it purchased quickly. If they're okay with this opportunity, let's, let's get into a deeper conversation. And so then I would just take whatever this LOI says and send it over to them and do what they say. That sounds good. The more offers you throw at people, the faster you're going to get to a deal, right? You got to throw, you got to throw 100 offers to catch 10.
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