You may also want to avoid the following errors when writing a letter of intent for employmentǍ. Don't include personal information. 2. Don't talk about your weaknesses. 3. Don't mention salary unless specifically told to do so. 4. Don't mention why you left other jobs. 5. Don't mention other companies you have worked for by name in the cover letter unless they are recognizable, significant and impressive. 6. Don't use a one_size_fits_all approach. Customize your letter of intent for each employer you contact. 7. Don't include too much information or too many details. Hit the highlights and leave them wanting to learn more.
There you have it _ the essential elements to include in a LOI. Nothing too complicated _ and if it is too complicated you will likely scare off a serious Seller! The LOI is really just a simple business letter outlining the price, terms, and conditions that you would like to get when purchasing the property. Those are the basics, and everything will vary from project to project. Again, a LOI is a great tool in your toolbox to begin discussions when purchasing real estate. Keep these steps in mind when you are looking to make your next purchase of an investment property.