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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

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1,472
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1,411
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Todd Rasmussen
  • Rental Property Investor
  • Clarksville, TN
1,411
Votes |
1,472
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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