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Updated over 9 years ago on . Most recent reply

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Willie Morales
  • Investor
  • New York City, NY
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Multiple offers

Willie Morales
  • Investor
  • New York City, NY
Posted

Hello BP

If offering a seller multiple offers, do you email/regular mail, a letter of intent with the offers? what is the proper way I should go about it.  

Thank you.

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Matt Motil
  • Rental Property Investor
  • Cleveland, OH
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Matt Motil
  • Rental Property Investor
  • Cleveland, OH
Replied

I send a letter of intent but no formal contract. You're trying to feel them out an open negotiations. Once you can agree on price and terms then you can formalize it in a contract. 

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