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Updated almost 16 years ago,

Troy Stange's profile image
Troy Stange's profile image
Troy Stange
  • Real Estate Investor
  • from Portland, Oregon
  • Member since Sep 3, 2008
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User Stats

60
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2
Votes
Troy Stange's profile image
Troy Stange's profile image
Troy Stange
  • Real Estate Investor
  • from Portland, Oregon
  • Member since Sep 3, 2008
Connect
Troy Stange
  • Real Estate Investor
  • Portland, OR
2
Votes |
60
Posts
Real Estate Deal Analysis & Advice

Question about LOIs

Troy Stange
  • Real Estate Investor
  • Portland, OR
Posted

Do people use LOIs as their initial bid to buy a property, or do you work out price and terms verbally then make a LOI?

What is the typical turnaround time for approval or response to a letter of intent for a commercial property?

Since it's not enforceable, should I have a lawyer look at it?

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