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Updated about 6 years ago on . Most recent reply

User Stats

39
Posts
45
Votes
Michael Batts
  • Investor
  • Houston, TX
45
Votes |
39
Posts

Presenting Multiple Offers at Same Time (To One Buyer)

Michael Batts
  • Investor
  • Houston, TX
Posted

Hey guys,

Any advice on sending multiple offers in a Letter of intent? This is the first week I'm implementing this technique in my business, a lot of investors have been closing a lot more deals with this method.

I want to present the motivated seller with 2 offers. 1) based on All-Cash Offer & 2) based on Terms.

EXAMPLE:

Option 1: Purchase Price: $150,000 All Cash.

Option 2: Purchase Price: $180,000 Down Payment: $3,000

Terms for remaining balance. Seller to carry back balance 5% APR. Interest only monthly payments of USD ___ with full balance of USD $175,000 due in 3 years.

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