Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 10 years ago on .

User Stats

35
Posts
10
Votes
Scott Stevenson
  • Real Estate Agent
  • Ferndale, MI
10
Votes |
35
Posts

Considering selling my SFH to the current tenants

Scott Stevenson
  • Real Estate Agent
  • Ferndale, MI
Posted

Hello everyone, 

I am considering selling off my SFH rental to the current tenants and I was wondering if there were some creative ways to go about this.

They are unsure if they are going to be able to seek traditional lending but are planning to talk to different lenders this coming week. So, in the mean time, I was wondering how any of you went about selling your properties without using traditional lending. 

As I have owned it for just under a year, I still owe roughly 75% of the mortgage. I know that a seller-financed deal could possibly be a way to go about this but I do not like the idea of the due-on-sale clause. 

Just wondering if there was anything I haven't thought of! 

Thank you!