My agent has been submitting LOI (Letters of Intent) vs formal offers under the 25:1 Prof from Real Estate right now strategy book from Matt Larsen and his agent; Star. He tells me hes getting lots of negative feedback; and that banks arent accepting LOI-(i read on this forum that would save time;and allow us to submit more offers ). Has anyone (or anyones agent) had experience with LOI'S (LETTERS OF INTENT).?
Thank you for your input.
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Please see the following links, they made help answer your questions:
http://www.deangraziosi.com/node/10660
http://www.deangraziosi.com/real-estate-forums/marketing-buyers-and-sell...