Don't Do Sandwich Lease Options!! Do This Instead!
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Uploader Comments (REISkills)
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How does a Lease assignment, a sandwich lease and a contract to own all differ?
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Brian, good idea. especially avoiding the "trill of Management" too.
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Your application on your site for your form does notwork. E-mail me please, Krazedracer18@yahoo.com,
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what are the risks you talk about with a traditional sandwich lease option?
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so do you wait a year to assign it and collect that 50% credit or do you just try to find a buyer as quickly as possible? Are you just submitting to your wholesale buy list asap or advertising most of the time? Does credit score need to be at a minimum level? If both the option and exercise price are the same at 200k, how does that workout with a realtor or do you bypass the realtor and just pass the 50% rent credit along to the buyer, along with the sellers agreement,make your 5k and move on?
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@californiameltdown $1 dollar or $10 dollar or $100. Just to make it a binding flex option contract. I am not an attorney and I just began my l/o practice so consult your local board. But that is how I do it.
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Wow, thanks for explaining that! I will be giving you a call soon.
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Do you have your system set up to get profit on the back end when the tenant buyer finally buys from the seller.
With the assignment, I don't see a method to collect cash flow every month, but believe there is still a way to profit on the back end?
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Hi, I give a small amount, then assign the deal for a $5000 fee or more. It is agreed by the Seller and new Tenant Buyer that the $5000 option fee is applied to their option agreement.
Call me if you are interested. No Charge. 626 318 0599.
REISkills 1 year ago
@REISkills Thanks for explaining. I'm really interesting in getting into Co-operative lease assignments but I can't figure out what paperwork to use!!
californiameltdown 1 year ago
@californiameltdown - I train my students to bukd a business. Make $10K a month, call me to talk about it.
Brian 626 318 0599
REISkills 1 year ago