Investor backing out on my first deal due to pandemic..what now?

[Victoria Jackson]

I have a close relationship with my investor (family member), but as I move in on a property I can sense it may fall through because of the pandemic. Just an hour before putting in an offer I was given the “let’s think about it awhile longer”. How should I tackle this just in case the financing falls through at the last minute? This property is a steal according to my studies and calculations.

Go through a bank that might take more time?

Try to “resell” my investor on the idea? What should I say?

I don’t want to wait any longer than I have to.