Absentee out of state, Closing the deal

[Ron Woods]

Hi there BP community. Sorry if this question has been asked but I'm trying to put the pieces together I'm missing here. A lot of people have been preaching marketing to Absentee out of state & I am ready to try this. I know with IN-State & Owner Occupied you can meet them, walk the property, and close the deal right there by having the Purchase & Sale with you. But with Out Of State what does that process look like?

How do you get access to the property to walk it if they are out of state? Do they coordinate with a tenant to let you in? 

How are you closing them on the sale? Call them right after you visit?

And how are you sending them the Purchase & Sale Agreement? Via email back & forth in some sort of fill and sign program?

Are a lot of you doing these deals with out ever meeting the person or do you find a way to connect with them? Do the seller have to be there or at closing to sign or can this be done with a notary? 

Whats the usually way this works with Out of State?

[Jeff Rappaport]

@Ron Woods, you are overthinking this whole process!  As far as access to the property the seller will figure a way for you to see it.  It may be coordinating with the tenants or property manager.  It may be through a neighbor.  I have even had sellers overnight me a key.  It really won't be a problem.  I usually do everything over the phone and then email them an agreement.  I spell it all out with them and call them if necessary.  I set up a closing with a local title company.  I have the closing agent reach out to the seller and work through all the details.  Paperwork can be overnighted or delivered.  My job is to make sure everyone is doing what they are supposed to do.  I have bought a number of properties where I have never met the seller.  Much easier to do when it is a cash transaction.  Takes a little more work to get an owner financing deal accepted from a seller you never meet.  However, it can be done!