Peter J Marshall Rental Property Investor posted about 1 year ago Hey guys I have another investor who possesses a property I wish to buy. This property is in distress so I desire to brrrr it to make my gains. The current investor/ owner would be willing to be paid out at completion of rehab.i would be funding the rehab with finances and sweat equity . Upon completion refi* / pay there asking price at this time, in turn I would become sole owner. My question is , how could I structure this deal to be protected legally for my investment? Would I have to do a lease option and then act on the option at refi* time? I just want to have a some legal backing to cover my financial investment? Please could some one shed some light on this matter for me?
Jeremy Holcomb Rental Property Investor from Somewhere replied about 1 year ago Ask if he will owner finance and put contingencies in for completion dates with extensions available in case you run into issues.