How not to submit offers – Liberty Acquisitions – Jon Long

Hey Jon Long, of Liberty Acquisitions stop sending me automated offers.

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 dateInitial 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 jonlong@libertyacquisitionsinc.com or reach them by telephone

at (562) 304-0801

Regards,

Jon Long – Buyer Associate

Liberty Acquisitions, Inc.


I am writing you today in response to 10266 Selkirk Avenue, Riverside, CA 92503.

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: $4,269
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)

Below you will find an ALL CASH Letter of Intent with no financing contingencies. We are prepared to offer you a guaranteed closing dateInitial 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 jonlong@libertyacquisitionsinc.com or reach them by telephone

at (562) 304-0801

Regards,

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.

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2 Responses to “ How not to submit offers – Liberty Acquisitions – Jon Long ”

  1. cgabhart says:

    I used to like toying with people like this. Since it is a LOI and non binding you should set up appointments with him at your properties, get him all excited make him jump through a bunch of qualification hoops and then pull the rug out from under him.

    I hear people talking about making blanket low ball offers all the time and it’s a joke. For one no one takes a 40% reduction off there price especially in the initial offer. It just isn’t going to happen.

    When we buy deals 40% off we are really buying properties where we are creating the discount through repositioning the property most of the time.

    And you hit the nail on the head with credibility. His name will get associated with wasting peoples time and when he finally learns to be serious he is going to have a real tough time building that credibility back up.

  2. GD says:

    I got an email offer from this arrogant bottom feeder yesterday on a listing that I have. I called him to ask how anyone would take him seriously and he went on about how he closes 15 to 20 deals a month. Yeah, right…

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