– Lease Option then Assign

Lease option then assign

We enter into a lease with option with the seller then sell the paperwork to a buyer for a fee. This is similar to wholesaling where you enter into a Sale and  purchase agreement or an Option to purchase agreement and sell the paperwork for fee.

Lease option assignments are a way to make money that’s relatively easy and fast.

Here are the steps:

1. Market for a motivated seller.
2. The seller wants full price.
3. Many times to sell it doesn’t have much equity.
4. So we enter into a lease and a separate option with the intention of selling the paperwork.
   1. Lease that is pro landlord
   2. Option that is Pro seller
   3. Letter of intent to lease option and assign
   4. Earnest Money Agreement