Matt this is pure gold here. Thanks to you and your program a few years back I was able to secure my first real estate deal. I am very grateful for all your content.
Thanks for thoroughly explaining everything. I've been looking at a certain commercial property which would be my potentially first commercial building purchase but I felt so intimidated as to where to begin. I feel a bit better now. I'm a visual learner and learn faster hands on. I plan on downloading those creative financing terms docs to read over and of course I plan on watching more of your videos. Thank you!
When making multiple Letters of Intent, I would run a spreadsheet to be sure that the offers are mathematically the same to me. #1 The all-cash offer must have have a private money cost of funds equal to the other two offers, according to the offered price and what my private financiers are charging me. #2 and #3 should have the same monthly payment according to the interest rate for the interest-only #2 and the amortization term for the principal-only for #3. Offer #2 also has a future balloon that must be considered at the maturity due date with an associated cost of funds, while #3 is fully amortizing. I use a spreadsheet to convert between front-loaded and back-loaded interest to calculate the equivalent financing with and without interest payments. Then my multiple offers are truly mathematically equivalent.
Matt great video. Which sellers would be the best group to send the letter of intent to as a direct marketing piece? Fsbo? Landlords? Absentee owners? Probate? Thanks
Great question! I think vacant absentees of free n' clear properties when it comes to direct mail marketing. But, if you're going to use it as a negotiating piece when meeting the seller face-to-face... I've found these peeps to be the most receptive: ua-cam.com/video/JExP0AqkkVw/v-deo.html
I suppose there may be a way to do that with a mailmerge type feature or something, but that's why I built an automated calculator inside my training platform that spits out a completed letter.
To get my Creative Financing Terms Cheat Sheet, visit:
www.epicbreakthrough.com/
Hi 👋🏿
it doesnt work
@@Christian-yk8gk What doesn't work?
Can I utilize this method with commercial real estate?
Great stuff!! i love the simplicity of the offer form AND the power of 2 or 3 Options utilized as negotiations! Brilliant and powerful.
Matt this is pure gold here. Thanks to you and your program a few years back I was able to secure my first real estate deal. I am very grateful for all your content.
You're welcome Jason.Tthank you for putting what you've learned to work :-)
Thanks for thoroughly explaining everything. I've been looking at a certain commercial property which would be my potentially first commercial building purchase but I felt so intimidated as to where to begin. I feel a bit better now. I'm a visual learner and learn faster hands on. I plan on downloading those creative financing terms docs to read over and of course I plan on watching more of your videos. Thank you!
When making multiple Letters of Intent, I would run a spreadsheet to be sure that the offers are mathematically the same to me.
#1 The all-cash offer must have have a private money cost of funds equal to the other two offers, according to the offered price and what my private financiers are charging me.
#2 and #3 should have the same monthly payment according to the interest rate for the interest-only #2 and the amortization term for the principal-only for #3.
Offer #2 also has a future balloon that must be considered at the maturity due date with an associated cost of funds, while #3 is fully amortizing.
I use a spreadsheet to convert between front-loaded and back-loaded interest to calculate the equivalent financing with and without interest payments.
Then my multiple offers are truly mathematically equivalent.
I’ve watched a ton of real estate videos and this is truly unique. Love it.
Thank you, and thanks for watching.
I love the way you break this down.
Some great advice here Matt, going to use this myself in my real estate dealings. Cheers
These are wonderful tips Matt and real great looking letter! Thanks for sharing this!
This was a very good overview of the three option letter that was very insightful and full of useful valuable nuggets.
Does this work for commercial properties?
Amazing tips! Thank you so much for sharing this and breaking it down so easily!
Matt great video. Which sellers would be the best group to send the letter of intent to as a direct marketing piece? Fsbo? Landlords? Absentee owners? Probate? Thanks
Great question! I think vacant absentees of free n' clear properties when it comes to direct mail marketing. But, if you're going to use it as a negotiating piece when meeting the seller face-to-face... I've found these peeps to be the most receptive: ua-cam.com/video/JExP0AqkkVw/v-deo.html
@@EpicRealEstate thanks again matt
Ive been doing this in the body of my email. Do you send this as an attachment?
Great advice! Hoping to get into real estate fairly soon myself!
Already heard this although needed to hear it again Thanks, I'll take the hot wings....
Thanks
welcome. thanks for watching.
You got great delivery with solid information on RE investment.
Hi, can I use LOI for single family investment.
Great information,thank you for sharing.
Yes, absolutely
I bought your 3 offer letter I can't remember your site on my Robo form. Was there a cover letter with the 3 offer letter? Thank you,
Hey Rich, yes there was. EpicBreakthrough.com
maybe I had tech issues but is there a way to make the LOI spreadsheet auto populate the LOI letter?
I suppose there may be a way to do that with a mailmerge type feature or something, but that's why I built an automated calculator inside my training platform that spits out a completed letter.
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Good video
Glad you enjoyed it. Thanks for watching.
@@EpicRealEstate thanks for delivering an "Epic" video on LOI. Peace and prosperity to you!
Love your knowledge and was going to order from you but you don't offer Paypal=(
Thanks for the nice words Angela :-)
The lack of Paypal being an issue has never been brought to my attention. I'll look into it.
Thanks again.
How can I get a copy of the LOI template?
EpicLOI.com
Thanks unfortunately I haven’t received it
❤
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