Sandwich Lease Option

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Sandwich Lease Option (by Lensim [AL]) Jun 17, 2009 6:53 PM

Sandwich Lease Option (by MrRational [MD]) Jun 17, 2009 7:26 PM

Sandwich Lease Option (by Lensim [AL]) Jun 17, 2009 8:00 PM

Sandwich Lease Option (by Virden [OH]) Jun 17, 2009 8:08 PM

Sandwich Lease Option (by James [MA]) Jun 17, 2009 10:01 PM

Sandwich Lease Option (by Mike45 [NV]) Jun 18, 2009 11:29 AM

Sandwich Lease Option (by Lensim [AL]) Posted on: Jun 17, 2009 6:53 PM
Message:

State Specific Question About: ALABAMA (AL)

Does anyone have a Sandwich Lease Option Agreement that is good in Alabama?

Thanks! --74.237.xxx.xxx

Sandwich Lease Option (by MrRational [MD]) Posted on: Jun 17, 2009 7:26 PM
Message:

Ha! I didn't know this had a name (had to google it).

Sorta did one once but didn't plan to from the outset. Was planning to flip it but I'm glad the lawyer included language letting me hold on and rent it until I could finish the work and sell.

h ttp://ezinearticles.com/?What-Is-A-Sandwich-Lease?&id=481499

Alabama eh? Run Forrest! Run!

--65.196.xx.xx

Sandwich Lease Option (by Lensim [AL]) Posted on: Jun 17, 2009 8:00 PM
Message:

LOL! I'm running as fast as I can Captain! lol

Thanks for the reply. I'll check out your link. --74.237.xxx.xxx

Sandwich Lease Option (by Virden [OH]) Posted on: Jun 17, 2009 8:08 PM
Message:

Does this mean Wimpy has another chance to get his burger today and pay for it tommorrow? --76.241.xxx.xx

Sandwich Lease Option (by James [MA]) Posted on: Jun 17, 2009 10:01 PM
Message:

These are very dangerous for the investor, especially in a market where the end buyer can't purchase. --70.19.xxx.xxx

Sandwich Lease Option (by Mike45 [NV]) Posted on: Jun 18, 2009 11:29 AM
Message:

Sounds like a pretty dangerous deal to me. The article that Mr. Rational linked to explains the "what ifs" of only two of the possible scenarios. But the most likely two scenarios he doesn't mention.

(1) What if you have trouble finding the sucker to rent to own from you, after you are committed? What if the property sits empty for a few months, while you are paying the rent-to-own payments to your LL? The author forgot to include those expenses in your optimistic profit calculations, didn't he?

(2) What if the sub-tenant falls behind in his rent payments to you, the tenant? I know that we, as LLs, know that tenants never breach their financial obligations, but just suppose this could possibly happen. So now you need to evict the deadbeat sub-T, you need to keep paying YOUR rent, you need to do the turn-around work and try to find a new sucker to sub-lease-to-own.

Yes, it could possibly work out, but it seems like a very stupid investment to me.

Sorry, Lensim, I don't have a form for you. Which role do you wish to take in this game, Owner, tenant or sub-tenant?

--216.175.xx.xx

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