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Updated over 10 years ago on . Most recent reply

User Stats

16
Posts
1
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Mike Campion
  • Phoenix, AZ
1
Votes |
16
Posts

Mailing In State vs. Out of State Absentee Owners

Mike Campion
  • Phoenix, AZ
Posted

Might be a dumb question and/ or answered somewhere else in this sea of great information, but it seems that the BP consensus is that out of state absentee owners are preferred over in state absentee owners. I get that logic, but if I am in Arizona wanting to buy in Arizona wouldn't that mean I was sending only to people out of state making a "kitchen table" meeting geographically undesirable? Would the deal just be done over the phone? Apologies in advance if this is newbie question, but would love to know before I start sending letters...

Most Popular Reply

Account Closed
  • Real Estate Investor
  • Phoenix, AZ
76
Votes |
111
Posts
Account Closed
  • Real Estate Investor
  • Phoenix, AZ
Replied

I've mailed to both in-state and out of state owners - and wholesaled properties from both. For the out of state folks, I do the deal over the phone with respect to negotiating and finalizing the deal and such. For those who have email, I have used EchoSign for signing contracts digitally. For more than one owner on title, each has to have separate emails for EchoSign to work.  But most of the time, I've used FEDEX to overnight the contract. When I do that, I include a self addressed and stamped envelope so all they have to do is sign and put the signed copy in self addressed envelope and drop in the mail to return to me. I give them two copies actually.. One for me and one for them to keep. 

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