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Doug Pretorius (ON)

Assigning to another investor

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Occasionally I have the opportunity to sign up a deal where I have no ready t/bs and I'd rather not try to market it from scratch. I'm just curious if anyone here has tried assigning a lease option deal to another investor? Any issues?

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I can't recall assigning a CA to another investor, since the terms are pretty much full retail and so there isn't any appeal to an investor. But I have assigned a few sandwich lease deals to other investors a few times. If the terms are attractive the deal will be worth something to someone else.

I recall a sandwich lease I was six months into and found myself not wanting it anymore because I was moving out of state. An investor responded to my marketing and, long story short, paid me a $7K assignment fee to take over the deal.

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