This involved a thorough property assessment and minor cosmetic improvements to enhance its market appeal.

This involved a thorough property assessment and minor cosmetic improvements to enhance its market appeal.

Additionally, failing to close a loan over a fiscal year is a huge red flag and usually leads to termination.I want to dive headfirst into RE investing to gain that experience I mentioned above.

Yea definitely gotta make sure that with the roof responsibility, that the ROI will still be good or at least decent...also by the way, they are only asking for cash , no loans...

These improvements enhanced the property's appeal and market value, showcasing Partner Driven's commitment to quality and maximizing returns.

Or using a hard money loan or other creative financing a better route to go?

For extra formality, put it on a nice document with your letterhead.Re: Non-Binding Letter of Intent to Purchase Real Property Located at [Property Address]Dear [Recipient's Name]:This non-binding Letter of Intent ("LOI") is submitted by [Your Name] (the "Buyer") to [Recipient's Name] (the "Seller") with the intention of setting forth certain preliminary terms and conditions for the proposed acquisition of the real property located at [Property Address], inclusive of all improvements, appurtenances, and fixtures thereon (the "Property").Purchase PriceThe Buyer hereby proposes to purchase the Property for a total consideration of $[Amount] (the "Purchase Price"), which shall be subject to adjustment based on the results of the due diligence investigations and final negotiations.Earnest Money DepositContingent upon the execution of a definitive Purchase and Sale Agreement (the "PSA"), the Buyer shall deposit earnest money in the amount of $[Amount] (the "Earnest Money") into an escrow account designated by the mutual agreement of the parties.

However, securing a loan overseas could take up to a year to close.

These tools streamline your analysis and improve your due diligence.Finally, build relationships with sellers, property managers, and agents.

She doesn't want to list it and sell it traditionally because of fees.She is offering a deal to assume the loan, and it is assumable, but the problem is, it's FHA.