Possible Owner Financing with owner out of country

Possible Owner Financing with owner out of country

Member since 2019 · 41 posts · 16 votes

Good Morning Everyone. I have a lead here in Ballston Spa, NY which interesting and I am wondering if anyone has ran into a situation like this before. I am speaking to an owner who owns his property outright. This property is a beautifully kept 3/2 with a large double garage and it is zoned mixed use, with a great location for commercial use.

The owner is soon to leave the country. He said that he would be willing to talk terms on the property but he wants to leave the country without having "business behind him". 


Is there an option to owner finance this property and pay this gentleman as he moves out of the country. I would love to create terms that make both parties happy. 

He is asking for 369K but he had it posted it on the MLS on 4/5/22 for 329K and then took it off the market. He told me that he will soon post it again.

I do not have much money for a downpayment to this owner, but I am 100% willing to JV as the management aspect of the partnership if anyone is interested in this deal.

Thanks so much in advance 

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  • Investor · Austin, TX · Member since 2021 · 9k+ posts · 5k+ votes
    3y

    Owner finance will leave the seller with business behind him. If you are asking if you can purchase a property with the owner out of the country, the answer is yes. 

  • Real Estate Agent · Richmond, VA · Member since 2022 · 81 posts · 12 votes
    3y

    @Eliott Elias have you purchased property from an owner out of state? If so how did you go about skip tracing the owner? I've researched a property in my area (VA) and unable to reach owner by truepeoplesearch & beenverified contact numbers. I reached out to a relative which turns out to be his daughter who hasn't spoken to him in over 15yrs but says he lives in Africa. Family issues. Any tips on how I can research to locate this person? The platforms I use do not pull up that country.

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