Frequently Asked Questions

• Can I visit the property?
  Yes! We encourage you to visit the property prior to purchase and perform due diligence to ensure that the property will be a good fit for you. We will not be able to meet you at the property, but you are welcome to visit at your convenience. GPS coordinates are generally available for each listing. Contact us if you need more information.

• Are utilities available for the property?
  Any information we have on utilities will be included in the listing. We highly recommend contacting the county for specific information on services available for the property. We try to include county or other contact information on each listing.

• Who pays the property taxes?
  For owner financed properties, we will pay the property taxes as long as we hold the note. We’ll collect the pro-rated taxes monthly as part of your monthly payment and will pay the county tax assessor when taxes are due.

• Are there any extra fees for owner financing?
  Yes, there will be a $10/month loan fee and pro-rated property taxes (and HOA fees if applicable) added to the monthly payment, unless otherwise specified.

• How does owner financing work?
  1)The owner financing option is available through our company and not through a bank. No credit check is required.
  2) Make a secure payment (Down payment + $199 documentation fee) through the payment link. We could also collect the initial payment through PayPal, Venmo, QuickBooks Payments, wire transfers, etc.—just contact us.
  3) Read and sign the contract and paperwork
  4) We will set up monthly payments through GeekPay via a checking account or debit card.
  5) The total payment will include a $10 monthly loan servicing fee (to cover our expenses with handling the loan) and the pro-rated property taxes.

• Can I pay off the property early or make extra payments?
  Yes, you can log in to GeekPay.io and make extra payments or pay the property off at any time. There are no pre-payment penalties.

• How do I make the monthly payments?
  The monthly payments will be debited from your checking account using ACH – checking account/routing number or from a debit card and will begin 30 days after the down payment/doc fee through GeekPay.io. You’ll have your own login and can check the loan balance at any time. You’ll also be able to see a record of your payments, make extra payments, and change your banking information through the GeekPay website.

• Are there any restrictions on what I can do with the land before it’s paid off?
  Yes, due to lending and mortgage restrictions, this owner-financed property can’t be used as your primary residence until the property is fully paid off. Also, major improvements can’t be made to the property until it is fully paid off.