Why You Should Learn How To Write A Letter Of Intent | Creative Real Estate Investing - Video 12

[@EpicRealEstate]

To get my Creative Financing Terms Cheat Sheet, visit: www.epicbreakthrough.com/

[@mariagarciavasquez2551]

Hi 👋🏿

[@Christian-yk8gk]

it doesnt work

[@EpicRealEstate]

@@Christian-yk8gk What doesn't work?

[@yamiynthompson-rw5ec]

Can I utilize this method with commercial real estate?

[@chrisloizou3972]

Great stuff!! i love the simplicity of the offer form AND the power of 2 or 3 Options utilized as negotiations! Brilliant and powerful.

[@ChismarConstruction]

Matt this is pure gold here. Thanks to you and your program a few years back I was able to secure my first real estate deal. I am very grateful for all your content.

[@EpicRealEstate]

You're welcome Jason.Tthank you for putting what you've learned to work :-)

[@turnkeyswithalex]

Thanks for thoroughly explaining everything. I've been looking at a certain commercial property which would be my potentially first commercial building purchase but I felt so intimidated as to where to begin. I feel a bit better now. I'm a visual learner and learn faster hands on. I plan on downloading those creative financing terms docs to read over and of course I plan on watching more of your videos. Thank you!

[@UltimateBargains]

When making multiple Letters of Intent, I would run a spreadsheet to be sure that the offers are mathematically the same to me. #1 The all-cash offer must have have a private money cost of funds equal to the other two offers, according to the offered price and what my private financiers are charging me. #2 and #3 should have the same monthly payment according to the interest rate for the interest-only #2 and the amortization term for the principal-only for #3. Offer #2 also has a future balloon that must be considered at the maturity due date with an associated cost of funds, while #3 is fully amortizing. I use a spreadsheet to convert between front-loaded and back-loaded interest to calculate the equivalent financing with and without interest payments. Then my multiple offers are truly mathematically equivalent.

[@robhemmerle5857]

I’ve watched a ton of real estate videos and this is truly unique. Love it.

[@EpicRealEstate]

Thank you, and thanks for watching.

[@XaneDaniel]

I love the way you break this down.

[@Hittingitsolid]

Some great advice here Matt, going to use this myself in my real estate dealings. Cheers

[@karijones4583]

These are wonderful tips Matt and real great looking letter! Thanks for sharing this!

[@rkips5769]

This was a very good overview of the three option letter that was very insightful and full of useful valuable nuggets.

[@NourInTheKitchen]

Amazing tips! Thank you so much for sharing this and breaking it down so easily!

[@michaelcantero1916]

Already heard this although needed to hear it again Thanks, I'll take the hot wings....

[@GermanLuk]

Great advice! Hoping to get into real estate fairly soon myself!

[@FranciscoSandoval-t7n]

Does this work for commercial properties?

[@JF-vw9lv]

Matt great video. Which sellers would be the best group to send the letter of intent to as a direct marketing piece? Fsbo? Landlords? Absentee owners? Probate? Thanks

[@EpicRealEstate]

Great question! I think vacant absentees of free n' clear properties when it comes to direct mail marketing. But, if you're going to use it as a negotiating piece when meeting the seller face-to-face... I've found these peeps to be the most receptive: kzbin.info/www/bejne/gHbbgWN3ptCejNk

[@JF-vw9lv]

@@EpicRealEstate thanks again matt

[@YuliaTarbath]

You got great delivery with solid information on RE investment.

[@soelost4359]

Ive been doing this in the body of my email. Do you send this as an attachment?

[@mirahmedali6490]

Thanks

[@EpicRealEstate]

welcome. thanks for watching.

[@richcascio]

I bought your 3 offer letter I can't remember your site on my Robo form. Was there a cover letter with the 3 offer letter? Thank you,

[@EpicRealEstate]

Hey Rich, yes there was. EpicBreakthrough.com

[@terittahamilton4591]

Hi, can I use LOI for single family investment. Great information,thank you for sharing.

[@EpicRealEstate]

Yes, absolutely

[@gamrboy100]

maybe I had tech issues but is there a way to make the LOI spreadsheet auto populate the LOI letter?

[@EpicRealEstate]

I suppose there may be a way to do that with a mailmerge type feature or something, but that's why I built an automated calculator inside my training platform that spits out a completed letter.

[@lamabryant9758]

Good video

[@EpicRealEstate]

Glad you enjoyed it. Thanks for watching.

[@lamabryant9758]

@@EpicRealEstate thanks for delivering an "Epic" video on LOI. Peace and prosperity to you!

[@memphiscashbuyers]

How can I get a copy of the LOI template?

[@EpicRealEstate]

EpicLOI.com

[@Higmemphis]

Thanks unfortunately I haven’t received it

[@angelawhite9505]

Love your knowledge and was going to order from you but you don't offer Paypal=(

[@EpicRealEstate]

Thanks for the nice words Angela :-) The lack of Paypal being an issue has never been brought to my attention. I'll look into it. Thanks again.

[@gradyreese6686]

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[@agustind7931]

❤

[@gradyreese6686]

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