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Forums » Creative Real Estate Financing » Wraparound Mortgage vs. Lease Option

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Tag Tags: wraparound lease-options out-of-state


Mike Cartmell

Real Estate Investor · Colorado Springs, Colorado


Forum_avatar_avatar-youngcoinvestor

Icon_minipost Jun 24 '09, 02:18 AM

I will be selling my primary residence to move out of state. I am into this house for $178,000 (Purchase Price $168k + $10k Rehab). A recent appraisal shows the house is worth $190,000 even thought the tax appraisal is $203,000. I do not want to use a realtor because I don't want to pay commission and am wondering if I should consider a wrap around mortgage or lease option. I also will be moving about 6 hours away and don't won't to put up with the hassle of an out of state rental.
Thanks in advance for your advice.

Edited: 06/26/2010 at 08:43AM


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