It sounds more tasty than it is … a sandwich lease is a creative real estate investing strategy that you’ll usually hear about when someone talks about no money down and no bank required type deals.
The advantage is that you, the investor that puts the deal together, can earn a bit of upfront cash along with pocketing some monthly cashflow and profit when the final sale on the property occurs.
If you are able to pull it off, it really is a strategy where you can do real estate deals without going on title, without talking to a bank, and without having much money of your own.
Sounds pretty good … so what is it? And are they as tasty fun as they sound?
I had some fun shooting a video to give you an overview of what exactly is a Sandwich Lease and how does it work in Canada.
Bottom line – you can’t eat paper as I found out in the video – and Sandwich Leases are possible in Canada, but are they worth the work? You’ll have to decide for yourself. For us to create the life we wanted with real estate, we found that it was much better to focus on financing our deals with private money, joint ventures and vendor take backs. That allowed us to do deals where they fit our Properties with a Cause model, attracted great tenants and grow our portfolio with fewer hassles than we were finding with the creative strategies like Sandwich Leases.
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>> How to Use RRSP Mortgages to Finance Your Real Estate Deals
1st Image Credit: © Kicsiicsi | Dreamstime.com - Beauty Girl And A Handsome Boy Eating Sandwich Photo
