How to properly setup an owner financing situation.

[Isaak Kalinkin]

Hi everybody from bigger pockets.

I am looking to buy my first piece of property. I have my eye on a specific deal. It is a plot of land that is on the market for “cash only” .

The reason why the property is not able to be financed is because of the type of dwelling unit on the property. In my state lenders will not loan on mobile homes built before 1976. They are very strict about this. The current house on the property was manufactured before that year and the bank will not finance it for that very reason.

I would like to talk to the owner/ real estate agent about owner financing. I have some money I could use for a down payment. My question is what is the smartest way to go about the situation?

Should I;

Bring it up with the realtor representing the property and see what he has to say about the idea?

Attempt to contact the owner himself and see if he would interested in the idea of owner financing with this property?

Talk to a lawyer/real estate agent to represent me and meet with his real estate agent/ owner himself?

What could you recommend?