Lease option partnership value to investor? - Posted by Mike Hill

Posted by Mike Hill on May 17, 2011 at 12:08:39:

I was referred to this site and told that it was the best place to seek advice
regarding all thing RE.
A fellow investor put a home under contract for 180K in a good suburb of Seattle.
The terms of this contract are. No payments to seller for 3 years. There are REO
homes in the area going for 140k - 160k. The house under contract needs about
6k in cosmetic repairs that i would have to pay for 100% of in order to get into the
deal.
The fellow investor offered me 50% of option money from new buyer as well as 50%
of the monthly rent which would be about $1500 total. So $750 to me monthly +
50% of option money $2500 to me.
My question is if I wanted to assign this opportunity to another person and make a
few bucks what is it worth?