First Time Providing LOIs

[Nicholas A.]

Hello,

My name is Nick Aja, and I am local to Dallas. I currently run a Short Term Rental in a SFH that I own, just south of The Bishop Arts District.

My goal for 2022 is to pick up at least one commercial multifamily complex in Oak Cliff. I'd like a property between 5-20 units as a start.

I have ZERO experience submitting LOIs, talking with lenders, and really just about anything related to attempting to acquire a commercial MF property. I am done sitting on the sidelines.

I have a few properties that I would like to submit LOIs on, but they are all Off-Market. Where should I begin with this adventure? Do I need to connect with a local broker as well as a lender before I go about sending in an LOI?

I appreciate any input provided. Also, if you would like to connect and assist first hand, give me a call 469 992 6238

Thank you very much,

Nick