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Multi-Family and Apartment Investing
HomeForumsMulti-Family and Apartment InvestingNegotiate informally before submitting LOI?
Stephen Lassiter's profile image
Stephen Lassiter's profile image
Stephen Lassiter
  • from Tulsa, Oklahoma
  • Member since Aug 25, 2014
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Stephen Lassiter's profile image
Stephen Lassiter's profile image
Stephen Lassiter
  • from Tulsa, Oklahoma
  • Member since Aug 25, 2014
Connect
Stephen Lassiter
  • Tulsa, OK
7
Votes |
30
Posts
Multi-Family and Apartment Investing

Negotiate informally before submitting LOI?

Stephen Lassiter
  • Tulsa, OK
Posted Apr 3 2015, 09:58

When negotiating key terms for a commercial multi-family purchase, is it customary to have informal communication back-and-forth before submitting a Letter of Intent? Or is it more normal to do all initial negotiations through LOIs?

This question came to me as I listened to Jeff Greenberg on podcast 115. 

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