Sandwich Lease Or Not?
I have an aquaintence who is looking for a house. The problem is he can only come up with about $5000 down and can afford $800 (maybe more) a month payment. He's doesn't have his Green Card yet and his credit is new. I called two mortgage brokers and they said there was nothing they could do.
I'm wondering if he's a good candidate for a sandwich lease option? I can't seem to help him as a conventional Realtor but I'm hoping maybe there's more creative way to get him into a home until his credit gets stronger.
On a Lease Option who is responsible for the taxes and association fees?
Are there any other methods that might work?
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