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Updated about 9 years ago on . Most recent reply presented by

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Brian G.
  • Rental Property Investor
  • Los Angeles, CA
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How To Execute A Contract On This Deal?

Brian G.
  • Rental Property Investor
  • Los Angeles, CA
Posted

Hey BP,

My dad has found a motivated seller in CA.  They want cash for the property.  He is in the process of getting the cash together via private lending, by next week.  He does have $5K right now to work with and it's a private sale (no realtors).  

How can he get the property under contract (tie it up) so that no one else is able to purchase it while he gets the remaining cash together?  

Other than seeking out a Real Estate attorney what would you advise? 

What are the right steps?

Thanks!

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