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Passive Cash Flow Podcast Ep #114 | Everything to Know About LOI in Real Estate
Manage episode 352233696 series 3436050
Treść dostarczona przez Aaron Fragnito. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Aaron Fragnito lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.
A Letter of Intent is a document used in commercial real estate to state the intentions between a buyer and seller and to guide the attornies in drafting the purchase contract. The LOI is normally drafted by the real estate broker but can also be completed by the buyer. An LOI is an extremely important document that is not legally binding but does bind the parties in some ways. It is vital to understand how to utilize and present a strong LOI so your offer is accepted in commercial real estate. Whether you are an active investor or a passive investor, understanding the importance of an LOI is key to visualizing how a commercial real estate transaction is successfully completed.
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00:00 Intro
01:39 Everything to Know About LOI in Real Estate
05:48 Due Diligence
09:34 Breakdown for LOI in Real Estate
13:47 Tips for writing a Real Estate letter of intent
15:33 The legal implications of LOI in real estate
19:57 Learn more at peoplescapitalgroup.com
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This is not a solicitation for funds, tax advice, or legal advice. This is not intended to be, and must not be construed to be in any form or manner a solicitation of investment funds or a securities offering. Peoples Capital Group LLC is NOT a United States Securities Dealer or Broker nor U. S. Investment Adviser is a Consultant/service provider and makes no warranties or representations as to the listener or viewer. All due diligence is the responsibility of the investor.
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