‘The Sales Contract’ Archives
IRREIA is Proud to Sponsor Our New Book Coming Very Soon
IRREIA is in the final stages of publishing our first Ebook for our readers and members. This volume offers over 250 pages of actionable ideas to improve your investing and property management skills and results. Divided into 7 sections, the book covers: Developing investors, Investor communications, Reducing operating costs, Increasing revenue, and Much more We believe you [...]
New Stuff – Keep an Eye Out for Our New Letter of Intent template
I've just provided a template for a purchase and sale letter of intent (LOI) on the membership site. The tool has been used on dozens of transactions and is well vetted. I think you will find this a useful item to have in your tool chest. A Letter of Intent is a great tool because the basic business terms can be captured with minimum involvement from expensive attorneys. [...]
Letter of Intent Template
I've just completed a tried and true letter of intent you can put to good use as you negotiate with sellers. You may want to tweek it a bit, but this item gives you the complete item to use. A Letter of Intent (LOI) makes sense to use prior to going to contract. The LOI gives you the opportunity to agree to terms prior to handing the document to your lawyer. This can save you [...]
A Plan to Complete a Successful Residential Investment
Many investors become put off completing an investment by the details of completing the process. This week we are adding a page to help prospective investors "Eat the Elephant". Like the old adage says, the elephant is eaten one bite at a time. To complete an investment, there are some distinct steps to wade through. Unfortunately, this is not a path that always lends itself to meeting [...]
The Sales Contract and Residential Investment Due Diligence
Understanding the pitfalls and opportunities of the sales contract are critical residential investing skills. Often buyers take the sales contact for granted assuming that all parties are acting in good faith. This can be an extremely costly choice. Instead, investor security requires viewing and acting on the negotiation, development, acceptance, and execution of the sales closing as a [...]
General Guide to Multifamily Investment Due Diligence
Successful multifamily investment requires careful consideration of a range of areas supported by carefully prepared information, research, and analysis for these areas. This is known as the due diligence process. A well executed due diligence assures appropriate funding, strengthens the total financial plan and therefore potential returns, and finally leads the way to completing a successful [...]
