How to Find Owner-Financed Business Properties

If you're looking for business properties but you're not sure you want to go through the hassle of using a bank and getting a traditional loan, you may want to consider owner finance business properties. You'll have more options that way, and you can address specifics like what type of down payment you have, the interest rate, and whether the payment terms can be made to be flexible. Often, an owner-financed property has more opportunity for flexibility than a property that's financed by the bank. It may not be reported on your credit, though, so you can't always improve your credit rating or build up your score by financing with an owner.

Where to Find Owner Finance Properties for Your Business

There are plenty of places where you can look for owner finance business properties. If you do a little bit of looking around, you'll see that you don't even need to go through a real estate professional to find one. Many of these properties are for sale by owner, and you can contact the seller directly. Web sites that offer collections of these kinds of properties and allow sellers to check them out for free are becoming more popular, too, so don't discount them. The important thing is not how you find the seller, but that you locate the right piece of property for your business or for investment purposes.

Whether you're going to use the property for your own business or whether you're going to buy it and be a property owner to someone else's business, financing through the owner makes it much easier to get the kind of property you're looking for. You can get terms that you feel comfortable with, and in a tight economy where things can change rapidly, that's a very important consideration.

What to Look for in an Owner Finance Property

If you're seriously considering owner finance business properties, take the time to choose the right one for you. Even if the financing that's being offered sounds like the best deal available, you may still want to look around a little bit and see if there are other options. Don't jump into the first deal that's offered to you, because you may end up with a huge case of buyers' remorse later on when you see another property that you know would have been a better choice for you.

Overall, you want size and location with owner finance business properties - just as you would with any business property. You also want to look for a good price, and you should check out comparable properties to see if the asking price is a good one or if it's overpriced for what you're getting. Beware of places that are severely under-priced, too, because it could indicate a serious problem that the owner may be trying to conceal from you in the form of a 'great deal.'

Equipment Finance & Business Growth

A business equipment lease can add considerable value to a small to medium sized business. Whether it be for restaurant equipment, cars or trucks, salon and beauty equipment, excavation equipment or retail fitout, the ability to secure this form of finance can be of great importance when looking to expand.

Its often only when you come to needing finance that owners of small to medium sized businesses wish they had been more conscious of keeping accurate and up to date financial records. Many business owners are so immersed in the day to day running and operations of their businesses that the administration side of their operation suffers.

In our experience their are a number of industries where this tends to be more common. Those who operate in the excavation and hospitality industries are amongst the main culprits. Many of these businesses are 'one-man shows' and its extremely difficult for these people to find the time to keep their accounts in order. While the ability to maintain accurate records is of great importance in any business, its now possible for business owners to secure finance with little or no financial documentation. Our Express No Doc Business Solution product is aimed at the business person that wants to grow their business but for one reason or another just can't produce the necessary documentation to satisfy mainstream lenders. Whether it be an equipment lease, rental, or commercial hire purchase - we have an ability to assist.

The productivity of many businesses today is so dependent on having the latest equipment. Without the right equipment a business can go under very quickly as customers or contracts move to suppliers who can cater for their needs more quickly and efficiently. The right equipment can also have significant cost savings in a business as there is the potential for it to replace manual labour or produce larger outputs in a smaller time. The purchase of new photocopier was a recent example for one of our clients. They replaced a copier that was 10 years old with one of the new range of copiers. The copier increased output by 60% and reduced the manual involvement of employees in the office, freeing them up to work on more productive tasks.