What is a sandwitch deal?

This is a great way to make money in real estate especially if you do not have alot of money. The object of this type of deal is to find a motivated buyer and seller and place yourself in between. This is a very easy way to make alot of money with absolutely no risk. Here is an example of a sandwich deal. Find a motivated home owner who wants 100k (for example) for his home. Find out how much the home is worth on the market. If the house is worth 10% or more, make him the following offer: I will lease purchase the home from you, but you have to give me a break on the price and I cannot put anything down. If he says no and it is a good enough deal, try and work something out or just leave. If he says yes, get them to sign an assignable lease purchase agreement. Make sure it is assignable, because you now have the ability to lease the home to someone else or sell it for anything you want over the sale price. Now here is the best part, put a for sale or lease to own sign in the yard and find someone to put in the house. Make sure and get the owner to put in the lease when they will vacate (sooner the better) and do any small cheap touchups that will make it sell faster. I normally run ads in the paper that say something like Lease purchase in all areas. Now, how much do I make? I usually try and get 10% off the sellers price and ad 10% to my ask. That makes a 20% profit for doing very little work (no credit used and no risk) When i say there is no risk, that is not entirely true. You usually have about 30 to 45 days to get someone to give you an earnest money check to cover your first lease payment. There is a way to make more money in the long run, but less up front cash. Instead of selling the home, lease the house for 10% down and ad 20% to the sales price. Most people who lease to own never worry about the price of the home, just the payment. Give them a payment that makes you $100 or so dollars per month and wait for you payoff. Remember that only 20% or so will ever buy the house so you will be able to keep the downpayment they made and re lease the home when they leave. I try and save up a few months rent incase someone skips out on me. If you get 20 or thirty of these lpos going, you are making good money per month and you have zero liability for the house. Here are some items to always watch for:
Make sure you pay the house not directly to the lender (not original owner)
do not make any repairs to the house
make sure the lease contract is assignable
try and get as nice an area as possible
do not give the home owner any cash unless it is a great deal
have an amount you want to make on each deal or walk away.