Posted by Michael Morrongiello on May 04, 2000 at 23:17:08:
You really cannot sell the actual LEASE OPTION agreement since there is no way to tell if it will ever be exercised. However many investors we have worked with will “roll” a lease option into an owner financed purchase where marketable paper is created that can THEN be converted into CASH. This is win -win situation for the seller who gets the property sold and cashes out the equity, and for the purchasers who really would like to one day own and not RENT the property.
Payments on the newly created purchase money mortgage and note should be similar to the rental amount paid.