What is the difference between a letter of intent and a regular contract for purchase and sale? Is one better to use than the other? Where can I locate a letter of intent contract, from the realtor?
Does anyone invest in NJ? If so, what type of properties and areas are you interested in?
In your opinion, what was the most challenging part of the business of wholesaling and how did you overcome it?
inspiring investor.
I believe letter of intent is more common for commercial property. You typically use a purchase contract on all residential real estate, I haven’t heard of a letter of intent being used on residential property.
I am from CA our local “Board of Reality” sells RE supplies & forms you don’t have to be a member to buy anything only to get the member discount. There are 24 local Board of Reality offices in NJ the see link below. I hope this helps. Good Luck!