Owner Finance Strategy Question

[Tyler Gautier]

I recently purchased a property for $674K purchased through a mortgage lender with 5% down at 5.875% fixed rate 30 year mortgage. I immediately was offered 765K from an interested party who would like to work out an owner finance option. What would be the best way to structure this for the property to still cash flow? 

My current payment is $4,861.51 below is the breakdown.

P&I - $3,821.33

Mortgage insurance - $209.95

Escrow $829.93

[Steve Vaughan]

You won't want to wrap prior to 1 yr of ownership.  The lender and or servicer will change and they review title.

I like the lease option strategy from 13 to 36 months.  Escalate exercise price / reduce discounts the longer out it takes.