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Updated 5 months ago,
Want to sell and stay for 4+ years
Own a home in desirable country club community outside of Washington DC. Want to sell and stay for at least 4 years until kids in college. Reason: Want to access equity for new business but credit not good so selling and finding a rental not a good option. Proposal 1: Sell well below market value and stay either rent free or very low rent while continuing to be responsible for all repairs and upkeep. Proposal 2: Sell at market value and prepay 4 years of rent from the proceeds, standard lease terms. Thoughts?