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Updated over 1 year ago, 04/08/2023
Possible Owner Financing with owner out of country
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