How much info in offer

[Sandra Helena Holtz Ivarsson]

As a realtor I have access to the MLS and as one strategy to locate my first deal Im going to keep submitting offers until I get a hit. This will be time consuming and a lot of work however I am fully committed to this and have a target to hit per month as I view this as a numbers game plus the fact that I only need one good deal(to begin with that is), my question is how much info would you submit in an original offer to save time but at the same time not miss anything of importance, Im planning on having a template with my info, sales price Im offering and a standard set up of things Im willing to cover. Any tips or ideas or someone who successfully/unsuccessfully went through with this approach?

[Jonathan Greene]

If it's your first offer for yourself as an investor, you want to have in there a breakdown of your investment company, even if it's only you. Why you are investing, what you are looking to do, why you like this property at this price, and how (using your market knowledge and repair knowledge) came to your offer price. When you are making a lot of offers and some will be low, you want to fully explain how you got there so for the few that read it, they may start to realize they are overpriced. Also, address your financing and why you are using that financial vehicle for each investment purchase. Hope that helps.

[Sandra Helena Holtz Ivarsson]

@Jonathan Greene it does, thank you very much sir. we do have two investment properties by default(bought as primary turned investment). So the take away is a personal letter to attach to the offer with the breakdown and financial explanation. I'll def do so, and preferably do a standardized template that I can customize per offer. great feedback and very much so helpful. I wish you a wonderful rest of your day sir

[Jonathan Greene]

@Sandra Helena Holtz Ivarsson we recommend that all investors of partnerships or companies that will be making offer have a company (or investor) one-sheet which goes over the goals and then as I said, in the email, you want to explain why you came to this price. It helps alleviate the anger of the seller over time, after it doesn't sell.