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Updated over 4 years ago on . Most recent reply

User Stats

72
Posts
9
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Lawrence Paul
  • Rental Property Investor
  • Montgomery County
9
Votes |
72
Posts

Buying investment property from neighbor - Steps required?!?

Lawrence Paul
  • Rental Property Investor
  • Montgomery County
Posted

So, my neighbor has came up me and said that he would like to sell his property to me.

He is aware that I am an investor.

I am just not sure about the steps/transfer/legal actions that would need to be taken because I have always went through a Real Estate Agent for my other five transactions.

Did some google searching, but nothing that helped answer my questions.

Thank you, as always!

Most Popular Reply

User Stats

1,480
Posts
1,420
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Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
1,420
Votes |
1,480
Posts
Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
Replied

@Lawrence Paul

Assuming you aren't doing anything interesting in your purchase...

Download a standardized purchase contract for your state. Fill it out, both of you sign, take it to a title company with a check for your earnest money and congratulations you're in escrow.

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