Owner financing opinions

[John Morgan]

Anyone recommend owner financing? I have a couple properties I own outright and I’m tempted to try this route but don’t know much about it. I have a couple properties I still have a mortgage on and the tenants want to lease to own. But I understand that probably can’t be done.

[Steve Vaughan]

I've lease optioned plenty of houses with a mortgage as the Optionee and Optionor.  When they exercise they can get a new loan.  LO into a wrap is pretty advanced and risky for the Optionee.  

Are you sure you want to sell all these?  Problem properties?  Peak value in your opinion?

I wouldn't owner carry until I learned more about it. I would and do only carry for owner-occs, not investors.

The tenants want to LO. That's great, but what does John want? Why are you looking to exit?