Too Good to be True?

Hi Ho

Not sure what it is exactly called (I think it called a sandwich lease or something like that[?]) but here how the scenario goes:

I find a property that is being rented and manage to negotiate a LO over it for a particular term and sum with the current owner. I then find a tenant who would otherwise not be able to obtain a loan etc and LO the property to them for a higher upfront fee, monthly rent and option price with the term of the LO less than my lease. Essentially I end up being the middle man, getting rent payments and paying them each month for a nice little profit if the numbers work out.

Now this can end up being a no cash down deal, but I was wondering is this legal (in Australia) as it sounds too good to be true[?]

Later…….

Hot Rod