Owner Finance A Property While Paying A Mortgage On It
Im wanting to lease out a few homes I have with option to purchace but, offer it like an owner finance although I can not owner finance because of the due on sale clause. If I have an applicant that has a substancial amount of money to put down on the home And I offer to apply that with a portion of each monthly rental payment toward the final sales price, how can I prevent loosing that money if the person back out. Im not sure the best way to stucture this.
Does anyone have any advice. This is kinda new to me
Option consideration is non refundable if your contract is written correctly. How many homes do you have? What condition are they in? What is the population of Anna, TX?