I currently have a house with a mortgage and have had some issues selling this house. House was remodeled last year. My question is, and have had inquiries on this, how do I sell it on a rent to own or lease option when I still have a mortgage on property. Thanks.
1. You need to find as much training on the topic Owner Financing and Lease Options, especially in your state.
2. It's not a sell if its a rent to own or lease option, so you can not sell with a Lease Option and Rent To Own because the deed never transfers it stays with you, not the tenants. Now, if you Owner Finance the property, its a sell and the deed transfers and you would do a wrap mortgage.
Again, get as much training as possible on Owner Financing and Lease Options.