Michael Williams
Letter of Intent (Off Market Property)
I've recently used a cold calling service to help with my marketing campaign and a potential seller wants to speak with me. Should I have a letter of intent prepared? What are some of the questions I should be ready t...
Account Closed
Broker won't present letter of intent
So maybe biggerpockets can help me with this. I have a 70 unit building my partners and I have been running numbers on. We came to a few terms on our end and wanted to start a negotiating process but the broker said h...
Nick M.
Identifying Intentional Water Wastage in Building
Hi All,Wondering if anyone has experienced intentional water wastage by a tenant (running sink water etc) in an apartment building. I'm suspecting someone is upset because their rent was raised.If so, how did you go ...
Idan Narotzki
intentional damage caused by tenants, DEFENSE?
HI dear all, I just close my first SFH rental deal in C+ neighborhood. While working to set insurance, I've noticed the insurance company DOES NOT cover intentional damage caused by tenants. They said that maybe some ...
Mike Miller
Capital gains with intention to rent?
Hello BP,So here is my situation:I bought a REO in January 2019 with the intention of renting it out for a little over a year and then selling it. Long story short, my tenants only lasted from February till June and t...
Max Miller
Letter of Intent vs Purchase Agreement
When making an offer through a real estate agent, do you use a simple 'letter of intent' or a full 'purchase agreement'? If financing, do you include an interest rate contingency? ie, "contingent upon an interest rate...
Jonah Kolsrud
BP Intention Journal Feedback - Mastermind Group
Hey BP member,I am on the fence about buying the intention journal, but am intrigued by the mastermind aspect of it. I currently use a best self 12 week journal to track my current goals and daily progress, but would ...
Corey Reyment
Sample LOI or Letter of Intent
Hi!I have an off market seller who is vetting us right now before they share any financials. They gave me a price per unit they want but didnt share with me how much the rents were, how many bedrooms in each unit, etc...
James T.
Sample notice of intent to foreclose?
I have some tax liens in Pima County, AZ that are ready to begin the foreclosure process. I will hire an attorney to handle most of it but I want to send out the notices of intent myself. Does anyone have a sample n...
Kristin Riker
NY Letter of intent/title search
Hello,I am looking to make an offer on an off property house in NY. House is abandoned, boarded up but had to do quite a bit of digging and finally got in touch with trustee who said to make an offer and he will pres...