Letter of Intent to Purchase

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If you're looking for a bargain investment don't miss our huge database of foreclosure properties which is overflowing with bank foreclosures right now, including the complete inventory of Wells Fargo foreclosures.

We've been talking about ways to reduce risk for beginners so you can muster enough courage to do that first deal.  One of the best ways to mitigate risk in real estate is by doing a thorough financial evaluation as part of your due diligence.

But here's a great tip from our friends over at FlippingHomes.com.  Using a Letter of Intent to make your offers is a great way to ease your nerves as a beginner and I strongly encourage you to start applying this idea if you are having trouble getting started.  I used this approach myself when starting out and it certainly helped me.  I remember being quite anxious signing a contract for the first time.  So for those of you looking for a little more peace of mind, this might help.

So, there you have it.  A quick and easy tip today but a very effective one for beginners.

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