Posted by lynn on April 10, 2000 at 18:00:46:
I have been sandwich leasing for a couple of years and I am having a tremendous problem doing assignments. I have got one house that is priced $13,000 under appraisal. The house is in excellent condition. I have had numerous people look at it and they want some rent credit instead of a $13,000 discount.
I am tired of doing sandwich leases. I want to get in and get out of the deal. I don’t like evictions and the closings and all that mess. So, please advise. What do you all tell buyers when you are assigning a deal to them?