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Updated about 8 years ago on . Most recent reply

Kedrick Thornton's profile image
Kedrick Thornton's profile image
Kedrick Thornton
  • Real Estate Agent
  • from Washington, DC
  • Member since Nov 9, 2014
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Kedrick Thornton's profile image
Kedrick Thornton's profile image
Kedrick Thornton
  • Real Estate Agent
  • from Washington, DC
  • Member since Nov 9, 2014
Connect
Kedrick Thornton
  • Real Estate Agent
  • Washington, DC
14
Votes |
65
Posts
Starting Out

When should Letter of Intent be signed?

Kedrick Thornton
  • Real Estate Agent
  • Washington, DC
Posted

I have a verbal commitment from a potential investor and would like to get this commitment in writing as soon as possible. I have not found the investment opportunity just yet but I have kicked my search into full gear so I can get this first deal done ASAP.

Can I execute a Letter of Intent (Commitment  Letter) before I even find the investment property? I want to lock in that commitment and make it binding.

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