I have the possibility to sign with an older lady (83) for some properties she owns in California. But I have the fear that she may pass away between transactions. She is interested in lease/optioning her properties to me, what would happen if she would pass away before the option is taken? How can I secure the transaction to prevent the loss of the properties in a death of the owner? Or should I restructure my deal deferent?
I think an option would be the best way to land the deal, other investors have tried to purchase the properties out right and she hae turned them down. She came back to me and agreed to lease/option the properties to me one at a time, so If I do this wright I can sign all 17 properties!!
Any advice or opinion is very great full!
qwerty