Course 1.0 – Week 3 Lesson 3: Letters of Intent Explained
The LOI is central to the bidding process. Now that you have some familiarity with that process, we will cover what your LOI must include.
The LOI is central to the bidding process. Now that you have some familiarity with that process, we will cover what your LOI must include.
We will discuss the necessary provisions, from timing to due diligence to contingencies, that will set the parameters for a purchase and sale agreement in your favor.
And we provide you with a sample LOI that you can adapt and use to bid on a property.
Lesson 3 Action Steps
(1) Have a pen & your notebook ready to take notes and write down questions for the private Facebook group or monthly Q&A call
(2) Review the provided sample LOI in the Resources tab
(3) Prepare your own stock LOI for use when you bid on a deal.