Advice on how or if can structure a deal
Hi Need help to see if wholesaling this is possible
A guy(lets say Person A) who has lease optioned a house in California responded to an ad I put to find sellers. Person A said that he's living in a house he has in contract to least option for 359K which includes a deposit of $9K. the still owner( Person B) that he is contracted with knows the property with worth much more now and pressuring him to either buy now or breach contract so he can sell it himself. the contract ends in 4 months.
He cant qualify for conventional loans. is there a way for me to buy the property without having to deal with the still owner (Person B). meaning me and person "A" buy under an entity then person "A" quit claim deed to me
Is this legal? point is to help him get deposit back then flip property