Posted by SCook85 on December 13, 1998 at 09:28:32:
I think that you answered your own question about what to do with the house. But I will ask you this, what would be your reasoning behind not selling it now and taking the profits? If you could get $125,000 tomorrow would you take it. A Lease Option is hopefully going to end up with the result of a sale, it is a matter if you want your money now or later.
I haven’t read any of the lease option material available on this site so I wouldn’t know what to recommend but I am sure that it must be good for JP to sell it on this site.
Unless you have some reason for not wanting the cash now, such as wanting to acquire rental properties I would recommend just selling it outright if it is possible.