EP 120: Navigating the LOI and PSA for Successful Transactions with Kyle Swafford

In today's episode, our special guest is Kyle Swafford, an expert in commercial real estate. 

Kyle will share his top tips on writing a strong Letter of Intent (LOI) and explains why it's so important for buyers to draft the first Purchase and Sale Agreement (PSA). 

You'll learn how to handle due diligence, set important dates, and avoid common mistakes when buying property. Kyle even tells real stories about deals that went wrong and how you can learn from them. If you're interested in real estate, you won't want to miss this episode!

Show Highlights:

• Discover the allure of commercial real estate [01:45]
• Why is consistency crucial in your language? [06:53]
• Learn this amazing trick to upscale your LOI. [10:05]
• The significance of using specific templates in real estate contracts [12:58]
• Discover the power of extending inspection and closing [16:15]
• Are you aware of the potential risks involved when releasing deposits? [20:22]
• Here are some hidden secrets of property negotiation [27:58]
• Find out why having multiple lenders is important [34:44]
• How do you navigate tough decisions in partnerships? [42:56]

Connect with Jennings on Instagram: @jenningsfostersmithjr