I have gotten an offer every 24 hrs on all of my houses in a certain city. Clearly they are automated and come in at the same time. The offer is about 40% of the list price.
I am writing you today in response to <My Property Address>.
Liberty Acquisitions. is an investment company that purchases properties for cashflow purposes. After analyzing the property from a cashflow perspective, here are the numbers that we came up with. These numbers are estimates based on statistics of the local market, your listing area and the offer price below. We welcome a conversation to discuss this or any other property that may be purchased for an investment value.
Possible Annual Rent: $4,257 (that is 354.75 a month lol) Less Ann. Mortgage Payment: $3,105 Less Taxes: $776 Less Insurance: $388 Less Management: $388 Less Maintenance: $388 Total Annual Profit/Loss: ($776) Total Monthly Profit/Loss: ($65) (why would you want to lose money?)
Below you will find an ALL CASH Letter of Intent with no financing contingencies. We are prepared to offer you a guaranteed closing date. Initial Offers are purely based on purchasing formulas. Your property has been selected as one that may fit our parameters. Once this LOI has been reviewed by the Seller, please fax the executed contract along with any additional information to (323) 255-9915
You may also email any further questions to firstname.lastname@example.org or reach them by telephone
at (562) 304-0801
Jon Long – Buyer Associate
Liberty Acquisitions, Inc.
What a waste of time, the only people that respond to offers at 40% of list price are the properties that no one wants. The property in question would rent for $1,100/mo (his software estimates $350). So if I help him fix his formula I wonder if he would pay 3x as much for the property?
I hope this guy is not sending these offers in REOs too. He would instantly loose all credibility with the entire office.
Good luck Jon Long.