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My blog is focused on creative seller financing and mostly Lease Options. I love so share creative ideas on how to put together deals in real estate when typical financing is not available.
RECENT BLOG POSTS
Commitments to the Tenants If you have tenants in your home, you have certain responsibilities to them.  If you've got contracts with them, you need to follow through.  Take care of the house, make sure it's livable, keep open lines of communication.  You have to view it as if your sellers and yo...
08/12/2010
Finding and Working with Buyers - An Overview of Selling on Options The weirdest thing about prospective tenant-buyers is that you can't tell who is going to exercise by looking at their application.  Some people are borderline potentials for me but then end up paying perfectly and exercising.  O...
08/10/2010
Everyone likes to negotiate!  We may say we don't, but we all do.  Think about this:  If you were to offer a price for something and the seller said "Yes" right away, how do you feel?  Good you got your price, but you are feeling bad because maybe they would have accepted less.  Negotiating is ke...
08/05/2010
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Negotiation Tips Everyone likes to negotiate!  We may say we don't, but we all do.  Think about this:  If you were to offer a price for something and the seller said "Yes" right away, how do you feel?  Good you got your price, but you are feeling bad because maybe they would have accepted less.  ...
07/30/2010
Rent-to-Own, Your Lifesaver in a Drowning Market Here are some reasons rent-to-own can be beneficial for you: 1.      Higher Purchase Price - Rent-to-own sales typically command a price premium over traditional saes.  The buyer is paying extra for the flexibility he recieves by not having to do a...
07/28/2010
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Your Standards It is federal law requirement that landlords put their rental standards in writing.  If you don't have your standards in writing (and, unfortunately, few landlords do), you are liable to end up in a pickle if someone accuses you of violating this rule.  Your standards do not have t...
07/26/2010
Setting a Budget : How Much House Can You Afford? The first step is talking with a mortgage broker.  Even if you can't get approved for a mortgage right now, he can still help you determine how much you can get approved for later.  He has formulas that calculate the maximum amount you can qualify...
07/22/2010
Matching Motivated Sellers with Lease Options As discussed previously, subject-to sellers are usually, but not always, motivated by bad debt and desperation to restore their credit.  Conversely, lease option sellers have good credit, and the sellers that would even consider a lease option fall in...
07/21/2010
My Market isn't drowning-Is this Still Useful for Me? Scenario 1 - No Equity If you need to sell your home and you have no equity, how do you do it?  In other words, you owe as much on your home as it is currently worth.  How can you pay the real estate agent a commission and also other closing c...
07/20/2010
How the "Credit Crunch" Affects You - the Buyer While this housing slump is making it tough for home sellers, there is a balancing factor that's making it tough for home buyers. I call it the "Credit Crunch".   With the severe tightening of the mortgage lending industry, buyers are having a harde...
07/19/2010
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Wendy Patton

Broker, Investor, Coach
local_phone(248) 394-0767
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My blog is focused on creative seller financing and mostly Lease Options. I love so share creative ideas on how to put together deals in real estate when typical financing is not available.