Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago, 04/08/2023

User Stats

39
Posts
16
Votes
Stephen E Drew
16
Votes |
39
Posts

Possible Owner Financing with owner out of country

Stephen E Drew
Posted

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 

Loading replies...