Owner Carry Land or Home

[Blanco Pescado]

Looking for an small owner-carry home or raw land in the playa dorada / playa encanto area. I know it is a long shot but you never know.

 

[joanC]

I suggest you find an American or Canadian property you like, and make an offer that requires the seller to carry the financing. To give you an idea of what sellers are looking for: our various family members, as sellers, have done at least 10 of these over the years and has never had a default. One beach property remains to be paid out in the next year or so. We have been happy to sell with 12-20 % down, and we hold the title until it's paid out. Our deals have always started with terms of 3 years, and amortizations of 10-25 years, and interest at 6.99-7.99 %. We have extended the 3 years for everyone who pays faithfully on the 1st of each month. We have been happy with low down payments to maximize the interest income. Some sellers may want more down.