I have a business/property purchase opportunity but have no idea what my next steps are.
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[{"id": "imiph4x", "text": "Broker here. Contact the property owner and let him know you are interested. Once you have the financials and done your analysis you can put your offer in the form of an LOI (Letter of Intent) with your purchase price in it. You can find a template purchase LOI just by searching it. Send that sucker over and attach a message saying you\u2019d like to discuss on a call after their review. This is where you explain your reasoning behind the purchase price and they rebuttal (if any). Most of your changes or their changes should be reflected on the LOI and use that as the \u201cconversation piece\u201d.", "replies": [{"id": "imipoeq", "text": "Owner and I sat down and talked and he is willing to help in the transition formally. I have other helpful info, but would prefer to pm.", "replies": [], "depth": 2}], "depth": 1}, {"id": "imk1wr0", "text": "sure, pm me if you want\n\nI've started, bought and sold several businesses, mainly in tech but I also have passing knowledge of CRE.", "replies": [], "depth": 1}]