Updated over 17 years ago on . Most recent reply
Selling a House
OK, here's the scenario.
Found a fantastic deal on a house (for my personal home) priced 55% less by bank than the original purchase price. Now I need to get rid of my current house and/or rent it out before I can get a mortgage (approved based on either scenario).
Here's the 20,000,000 question: What is the most affective way to get this advertised and sold with options of: 1. Seller financed (either wrap or land contract), 2. Lease to own, 3. Rent it out. Would a realtor be best for this and/or doing this myself? My goal is to make some money (just a little) off the existing and make a lateral move in personal home mortgage cost. I will be gaining a huge amount of instant equity for future investment purchases.
The adage comes true the first one is the hardest.