WRONG FORUM SECTION: What is a sandwich lease option?

WRONG FORUM SECTION: What is a sandwich lease option?

I heard it mensioned in the last conference call, but I'm not sure exactly what it is. I know what a regular lease option is, but not quite sure what a sandwhich lease option is. Can someone please explain? Thanks. Smiling

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"Open minds backed by knowledge, wisdom, persistence, and determination equals unstoppable excellence"

- wrecklessKane


Sandwich lease

Hello,
I believe it is when you sign the agreement with "And/or assigns"

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Invest in yourself!


Sandwich lease option

Are you sure? Because I figured a sandwich lease option would be something like you leasing a property with an option to buy it, and then turn around and rent it out to someone else, also granting them an option to buy it. Please feel free to correct me if I'm wrong, but I gotta know for sure.

__________________

"Open minds backed by knowledge, wisdom, persistence, and determination equals unstoppable excellence"

- wrecklessKane


sandwich lease

A sandwich lease is where you actually are doing a lease option from the seller and then turning around and doing a lease option to another buyer.
You set it up so that when you go to purchase it the buyers that you are leasing it to purchase it around the same time.
Hope this helps
Sherry


Thanks!

Oh ok so I was right all along then. Thanks for the clearing that up for me, I really appreciate it! Smiling

__________________

"Open minds backed by knowledge, wisdom, persistence, and determination equals unstoppable excellence"

- wrecklessKane


Your welcome

Your welcome. It helps that I am a Real Estate Agent also. Gives me a little advantage on the terms.
Take care
Sherry


Wrong forum

All... please read the sticky at the top of the forum. This section is NOT to discuss questions about real estate, investing, etc... it is for asking questions or giving feedback about the site.

An example of what is appropriate for this section is something like:

"What are the badges next to my name?"

or

"How do send private messages?"

or

"A great feature for the site would be something that did XYZ!"

I am locking this thread. For further discussion about sandwich lease options please create a new post in the proper section.

Thanks!


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