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Updated about 6 years ago,

User Stats

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

Letter of Intent with Multiple Offers

Michael Batts
  • Investor
  • Houston, TX
Posted

Hey BP Fam! Happy Friday! 

So, today was my first day driving for dollars. Made a list of distressed looking properties. Skip traced them & Called.

3/15 on the list want to hear my offer on their property. I'm now back at home creating a LOI (Letter of Intent) to send to each homeowner. I was wondering if I can include multiple offers in the LOI. I'm a wholesaler, so of course I make Cash (Low-Ball) offers, but I also want to make Seller Financing & Lease Option Offers if they'll work with me on terms.

Just wondering, could I include all the offers in one LOI or should I create a LOI for each offer?

By the way, I'm in TX.. (No Sandwich Lease Options)  So.. if anyone has any extra advice on assigning/wholesaling lease options; I greatly appreciate it!

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