He said "Americans are rich" and he "has nothing" and his "mom is a prostitute".

"On execution of this lease, the tenant will pay the landlord a security deposit of $1,000"b.

The California way of living does not work for Americans who aren't freeloading criminals.

I suppose you could also paper your purchase ageement as an installment stale contract where a deed is executed but not recorded.

At present time you do NOT have a fully executed document/lease.

Hi Shawn, Thank you for your advice.We have found the American process very complicated believing it was due to being based in the UK and not really understanding why everything was taking so long.

For credibility purposes, you'll want to the have the contract already executed or partially executed.

I am getting ready to execute on a direct mail marketing campaign for off market properties to zip codes in the greater Milwaukee, WI market after reading, listening, and watching Jerry Norton, Pace Morby, and many other local investors.

That way you can turn around and do a sale lease back on the building, recapture your capitol and execute essentially a BRRRR  with your own business and property.Generally though many properties that will be the ideal locations for a restaurant will likely not be available for sale, they tend to be ideal single tenant free standing buildings that are quite desirable and have many end users that would be interested.Something you don't want to do in this situation is to make sacrifices on the location/market of your restaurant just to purchase the property. 

Ultimately the lender will require a personal guarantee from the borrower unless the property qualifies for non recourse financing (which is rare and generally applies to larger transactions than those contemplated or executed upon by BP forum posters).