If I buy a house with a 30 yr fixed, how can I sell with owner carry? Or do a lease to own. I assume once I sell my loan is due, but of course I won’t have the cash to pay off. I would be owning the house for a year or less. I’m thinking in the current market selling with a “no credit, no problem” marketing hook and carrying the loan myself if I can might be the quickest way to unload.
You can do a wrap mortgage or a lease option on this and not sell the note. You will want to set it up correctly to protect yourself from the underlying loan being called due. Be sure to get plenty of money down (especially if you are actually giving your buyer title) and charge a high enough interest rate to cover your monthly payment and hopefully have some monthly cash flow.
This is a great strategy with the discounts we can get on property right now.