Posted by William Earl on January 16, 2003 at 22:34:38:
I’ve heard of a few organizations that will do this. Are you trying to sell a lease option that you have granted to someone else or is this your lease option from an investor? If someone is doing the note for you, then you better have a ton of equity in the property on the contract. Another consideration would be where the property is and what the note to value is.
I am about to do my first lease option deal and I am super interested in knowing how I might be able to sell my contract on a discount to a cash buyer. Any suggestions would be greatly appreciated! Can you recommend a website/company where I might do this? What percentage discount should I give in order to do a fast sale?
Thank you!