Should I Write an LOI?

https://vinneychopra.com

Bring your business to the next level with Mr. Chopra.  We have a good one for you guys this week! Retrades and LOI= Letter of Intent – to purchase.  Vinney explains that an LOI is something that is done after a long list of research.  A letter of intent is a document, not binding, not a contract.  A document to tell the seller stating that you have the intent to buy the property at XYZ with XYZ terms.  Vinney explains that due diligence is important and what is all involved in proper due diligence.  You should always ask for 30 days to complete this.  This was extremely educational because Vinney explains each step after the seller accepts the LOI.

Brokers and Sellers frown upon retrades.  What is a retrade?  Basically, after the inspection period, there were some major expenses that the buyer was not aware of. The buyer would then like to get estimates done because the buyer would want a repair credit at closing.

  • Contingency
  • PSA – NOW IT IS LEGAL
  • How do you get your due diligence done for free?
  • Financial due diligence
  • Physical due diligence
  • Schedule of repair
  • Underwriting is key
  • Money is ready

Get your copy – Syndication Made Easy  – https://amzn.to/2kwjHDN

Reach out to Mr. Vinney Smile Chopra at
Text: 47-47-47

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Vinney (Smile) Chopra

Vinney Chopra (Mr. Smiles) came to the US from India with $7 in his pocket. As a MultiFamily Syndication expert, he has acquired and manages a very successful real estate investment portfolio worth over $300 million. Vinney has been a professional Fundraising Consultant and Motivational Speaker for

Alicia Williams-Dibrell

Alicia Williams-Dibrell is a Best Selling Author and a host of Business Innovators Radio.