Owner Financed Bug Out Property In Missouri With Pond
I tripped across this company on YouTube and they have a lot of videos on various properties they are listing and they are offering financing which in some respects could be a huge thing if you can't qualify through traditional institutions.
It acts like you get title to it and if you put down $5,000 you are at a 5.75% interest rate on a 15 year schedule. I think on this the main thing with these properties and the terms would be to make sure you actually do get a Warranty Deed recorded with the county and that it isn't just a Rent to Own structure. There are a couple of things in the verbiage that makes me kind of question how they have it structured.
When I checked the website it said it was already sold.
https://www.instantacres.com/parcel/wr12/
Seems like they swoop up a bunch of these types of properties in Missouri and Arkansas. This is @papa-pepper territory!
That cabin looks like it's in bad condition and needs a new roof potentially. All that being said I don't know how the permits work in an area like that. I know in some areas as long as you have the septic already in place and you build onto a structure it's like you don't have to get permits for a total new build or something.
All that being said I do see some value in these types of properties because you could fish in the pond and grow gardens and have a lot of fruit trees and could hunt deer and turkeys and at least survive out there if it gets real bad here.
Overall does it make sense to do something like that or get a property in Japan and Italy or Spain or somewhere the population has collapsed?
Some of these Italian properties are interesting and there are incentives given by some places in Southern Italy to move there. Potentially up to $30,000 worth to move there.
The various states in the United States and various countries are fighting over the remaining population as all the fiat currencies inflate away but also the population implodes. Very strange scenario considering you can live by crystal clear blue waters in some of these areas for relatively cheap.
The only advantage I'm seeing with the Missouri thing is more area to grow stuff and the owner financing option. It does seem like there are properties in Japan you can get for little to nothing but I don't know if they have fallen out of code to where you would have to do a ton of work to bring them up to current standards. All I know is there are going to be and insane amount of these types of properties popping up over the next 10 years.
I think it really depends on a lot of factors. If you have a family or not. I think a lot of these places are going to be very precarious places if you are trying to talk to women. Either they aren't going to be around or there is going to be a language barrier that is going to make things even tougher.