Wendy Patton

Wendy Patton

"Wendy Patton is widely recognized as one of the most inspiring speakers on ""Little or No Money Down"" real estate investing. Her real estate savvy and great depth of experience and knowledge has helped her in orchestrating the most complete and easy to follow, Lease Option Program in circulation. Wendy is a licensed real estate broker and licensed builder with her own real estate company in southeast Michigan called Majestic Realty, LLC. She is the past President and Board Member of D.O.L.L.A.R.S. Wendy has experience in land development, property management, rehabs, foreclosures, but lease options are her favorite. Now, with over 18 years of experience and hundreds of transactions on lease options, Wendy Patton is extremely excited about the idea of teaching others and being given the opportunity to help others achieve the same level of success."

    Wendy Patton's Articles

    • Working with Realtors For Lease Options

      There are two issues that involve realtors and investors: Should I become a Realtor? How can I work with Realtors?Working with Realtors:Many investors think that real estate agents don’t have the best deals, or they have all been picked over by the time they actually hit the market. I believe that some of the sweetest deals are sitting on the market. We automatically think that Realtors or their clients will snatch up the best deals before they hit the market. It is true that some of the best deals do get snatched up before they hit the market, but there are many…

    • Why Soft Markets are Great Markets to Invest P2

      Soft markets were defined in Part 1. In Part 2, we will talk about how to make a profit in soft markets.Now, let’s look at the last part of our WIN-WIN-WIN equation — the WIN for us, the investor. For us to WIN we need to make a profit. The profit comes both from the equity spread between your option price to the seller and the buyer’s option price to you as well as any monthly cash flow in the rental payments. With lease options it pays to be creative. You’ll find a lot more deals and be a lot…

    • Why Soft Markets are Great Markets to Invest P1

      Investing in real estate has changed in many markets in our country. If you are like me, you live in a real estate market that has gone soft. There are still some areas in the country where homes are appreciating nicely, but not like it was just a few years ago. There were a lot of self-proclaimed real estate gurus that popped up during the boom times telling you how to make HUGE PROFITS in real estate. Back then, during the up cycle, investing in real estate was so easy. You could throw money at almost any piece of real…

    • Using Agents to Find Lease Option Deals

      Many investors think that real estate agents don’t have the best deals, or they have all been picked over by the time they actually hit the market. I believe that some of the sweetest deals are sitting on the market. We automatically think that Realtors, or their clients, will snatch up the best deals before they hit the market.It is true that some of the best deals do get snatched up before they hit the market, but there are many other deals left behind that no one sees. The reason that no one sees them is because they are looking…

    • The Basics of Buying and Selling with Lease Options

      Real estate markets across the world are suffering right now. Sellers can’t sell their homes and buyers can’t get mortgages. As real estate agents, it’s a lot harder to earn a living now. Gone are the days of listing a home and expecting it to sell – it is time to get creative to not just survive but actually thrive in this economy.What is a Lease Option?Lease options are a way to buy and sell homes without an immediate conventional mortgage. It gives your buyers who can’t qualify for a mortgage right now the opportunity to get into a home…

    • Subject To Deals aka Get the Deed

      I write a lot about leasing with the option to purchase because it’s at the top of my list for how to creatively acquire property for very little money. However, I also frequently acquire homes using Subject To (Sub 2) deals (aka get the deed). Anyone can use this financing method but few do because many retail buyers even think it’s illegal. It’s not.Buying “Subject To” means that you take over the existing loan on the mortgage (without putting your name on it). The reason some people think that is illegal is because since the 1970s or 1980s, most mortgage…

    • Should You Be Buying Commercial Real Estate?

      Buying commercial real estate now might be your best chance to get in on another ground floor opportunity. The opportunity to buy residential real estate at the bottom of the cycle has come and gone. However, buying commercial real estate at the bottom of the cycle, could be the next opportunity of a lifetime, for investors. Most sectors of commercial real estate have been making a slow but steady come back for the past year.Although improving, there is still plenty of upside left in the market. According to CBRE Group’s third quarter report, the national office vacancy rate improved by…

    • Rent to Buy Best Strategy For Current Real Estate Market

      If you are thinking about jumping in the real estate investment business today, you need to strongly consider the rent to buy strategy as an investor. Today’s real estate market is all about building equity. And believe me, you’ll build equity fast. Not just me, but other experts are predicting home appreciation will hit at least 15% between now and 2014. A rent to buy strategy makes good sense under these conditions.The rental market is super hot right now. Rents have been going up during all of 2012 and will continue going up. That’s your first profit point with a…

    • Partnerships for Real Estate Investing

      Partnerships? Who me? Yes, you. They can be very profitable!Partnerships can be a very lucrative decision for real estate investors. A partnership’s definition is “a legal relation existing between two or more persons contractually associated as joint principals in a business ” – in real estate, partnerships can be used for many applications. If you have time, knowledge or money, then you are a perfect candidate to partner with someone with different qualifications. Say you have money, but don’t have the time or knowledge – there are many investors who have time and knowledge, but don’t have or they are…

    • Overcome 10 Objections Sellers have to Sub2 Deals

      Before I start with the list of “Subject To” objections and how to overcome them, let me say that I understand most people get nervous about dealing with objections from the sellers. They worry that if they don’t have the right answer they will lose the deal. Here’s the thing with seller objections, if a seller is raising objections and asking questions it means they are seriously thinking about giving you their home Subject To.Over time you will learn to LOVE to hear objections from the sellers because it means you are close to making the deal happen! You just…

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