I am planning on getting a property which the seller would finance at a good price and good terms. I want to have the liberty to turn around and later sell it to the tenant or someone else but with a wrapped loan. I've never done it before and don't know if I'm approaching it correctly. How can I structure the contract to be able to do this?
Also, I own rental properties that are financed through an investor-friendly mortgage company. How would I be able to know if I can sell those houses with a wrapped mortgage to my current tenants who actually want to buy the house?
Any guidance and corrections will be greatly appreciated!