Does anyone do these, and do you make it a full time job? I have been looking for these here in socal and it looks as though you can make good money at it if you know what you are doing. Also has anyone done them in california and had any issues?
There are a bunch of problems with sandwich lease options. One of the fairly common problems is that the “seller” changes his mind and won’t sell you the property when your “buyer” wants to exercise his option. Then, you’ve got the buyer suing you and you’re suing the seller. BAD NEWS!
That’s just ONE of the MANY dangerous things about sandwich lease options.
Mike
I’ve been utilizing lease options of various kinds for years. This includes sandwich leases, as well. I have not found them to be any more problematic or risky than any other type of deal. In fact, quite the opposite. Done correctly, it isn’t difficult to protect your position in the deal. Using the correct paperwork, and paying attention to who you are dealing with will go a long way towards avoiding problems in the future. Plus, a big advantage with sandwich lease deals is you get to finance the deal like a tenant but have control of the property like an owner. Best of both worlds, in my opinion.
I’m on the east coast, so I can’t answer about how things work out your way. But considering the hit the CA real estate market is taking right now, it would seem to me you are in a prime position to take advantage of what has become a terrific buyers market. Creative financing is back in a big way, and lease options are a part of that. Get to work! 
Thanks for the info. Also, would you recommend fixing a price now or going based on appraisel in 1 or 2 years. I’m talking specifically about sandwich leases. I’m thinking of getting control of a property with the option to purchase at appraisel price in 1 or 2 years and to the person I am leasing to, setting a price around what the market is currently at, or slightly higher. In California, I don’t believe the market will turn around within the next 2 years, therefore getting me a lower appraisel than what it’s currently at. Obviously this is speculation, but I believe the odds are in my favor. Let me know what you guys think!
You’ve heard the expression, “You make your profit when you buy”? Meaning, you need to negotiate the best terms you can now. What the future holds is anyone’s guess. Never count on appreciation. If you do, you’ll be crying in your beer, as so many who purchased last year are doing now.