Wendy's Blog

Lease Option or Lease Purchase in Oakland County, Michigan A doctor has a new home built for himself.  His old home is worth $200,000 and he owes $125,000.  He has $75,000 of equity.  He is not behind on payments, and he did not need the $75,000 cash out to buy the new home.  His old home is sitt...

Script for Buyer When Calling a Listing Agent About a New Construction House Call the contact person from the sign or advertisement and say:   "Hi Sally, my name is ___________ and I was calling about the home you have listed at __________ (the address).  Is it still available?"   After they say,...

Script for Calling a Realtor about Rent-to-Own and Lease Options, Part 2 As promised, the remainder of "Script for Calling a Realtor about Rent-to-Own and Lease Options". Use this follow-up sentence on any of the statements below where it applies.  You always want to dig to see what else they hav...

Steps for fear destruction: When you feel the emotion of fear enter your mind, simply pause. >>>> A pause in time will carry away the initial flood of emotion. >>>> After the flood is gone, calmly ask…what needs to be done? >>>> Put each of your individual concerns on paper. >>>> They are now out...

A construction-to-perm loan is your second new construction financing option.  You are more likely to see this type of financing for single-family home developments.  In this situation, the builder is selling you the lot and a home plan he will build for you.  You, as the investor, are required t...

In most cases, this option in which the builder secures the loan, is the best choice.  If you are investing in a large resort development or a condominium tower, it will always be this way.  Usually you would provide your own construction financing only when doing a single-family build.  But with...

Everyone, the Find Cash Buyers Now webinar is tonight at 8:00 PM (EASTERN).    Here are 5 Reasons why tonight's webinar is one you DO NOT want to miss: 1. Instant Buyers List: You will instantly have a list of the most qualified buyers in your area and nationwide. These are people that actually h...

Do you want to know how to get access to a list of all Nationwide Cash Buyers in a couple clicks of your mouse?     If so, the upcoming webinar on Thursday, June 17, 2010 at 8:00 PM (EASTERN) will show you how.   If you are involved in any niche of real estate (residential, commercial, wholesalin...

Additional Issues to Cover in Your Rental Contract Occupancy      The contract needs to specify that the premises will be used as a residence with a specified number of adults and children.  The premises will be used for no other purpose without written permission by the owner.  Having any guest ...

The rental agreement: The rental agreement specifies how long the tenant will rent the home and how much they will pay each month in rent to me.  During the rental period they can purchase the home, unless otherwise specified.  A rental agreement also comes in handy if ever taken to court, so tha...