Letter of Intent Vs Purchase Offer
Which is the best way to purchase multi-fam?
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Bryan Hancock
#4 Off Topic Contributor
#4 Off Topic Contributor
- Investor
- Round Rock, TX
Make sure you clearly specify in your LOI that it is NON BINDING though. Just because it says it is a LOI that doesn't mean it is not binding. Substance still rules over form so it is good to be explicit. Our LOI has a very specific provision for this so there is no confusion.
BTW...this is not legal advice ;-)