Posted by Tim Pannabecker on January 29, 1999 at 10:48:14:
You are a creative guy. If you are asking whether one can finance a property that they lease optioned? the answer is no. You cannot finance a leased property because you do not have title to the property. BTW $40,000 for option consideration (paper or not) is waaaaay to much to secure a $100,000 property. If this answer did not address your question I appologize,You may have lost me alittle in the explaination.
Hope this helps,