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Updated over 16 years ago,
Selling to Existing Renter
I have a house that I'm renting out and I'd like to sell it to the current renter.
I hold a 1st mortgage only and the title of the house is in my name. I don't think the renter could get financing. So, what are my options for selling her the house?
I would carry the note, except of course I would still have a mortgage, so that doesn't make sense. I could do a lease option, but I'm really looking to have the renter have home ownership immediately. Any other ideas for this situation?
Thanks!