Assignment w/ Owner Financing or do a Lease Option?

[Terry Royce]

I am trying to figure out the best strategy to sell this house.

We got the house under contract for $15k w/ $1k down with the balance financed @ 6% (P&I $155.43) Payments amortized over 10 years w/ a 5 year balloon.

I am thinking we can sell it for $28k w/ 2-4k down and create a second position note for $10k (either P&I or Int Only)

We could also assign outright and collect a $4-6k fee, but I think we could do the above options and profit more down the road.

I am also thinking we could do a lease option if we can find a buyer before our settlement date, we can collect $4-5k as a down payment. I've never done one before, but from what I understand seems like it could be a good strategy as well.

Cash sales are 20-26k in the neighborhood, so with the financing we can push that higher.

What are your thoughts?