Wendy's Blog

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Education & Training - Keller Williams - 222005
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
Wendy's Ethics Rule: Don't do lease options with potential buyers who have no way of ever being able to get a mortgage.  That's just being greedy and taking advantage of someone.  It is not fair to the buyer.  If the buyer messes up, shame on them!  If you mess them up, same on you! My typical st...
05/21/2010
If you want to make an extra $40k or so? Then join tonight's webinar to learn how. As usual, I only focus on tactics that require no cash or credit that even a rookie can do, so anyone can do this (even from home).   The "Filthy Riches" webinar is tonight AT 8:00 PM (Eastern). To Join, CLICK HERE...
05/20/2010
We are going to take a look at a sample transaction to help you understand the process.  John and Joan Homebuyers were told by their loan officer that they couldn't qualify for a mortgage right now.  "Not until you've improved your credit score."  They live in a down real estate market and know t...
05/19/2010
You could probably use an extra $40k or so couldn't ya?Everyone could.And now, most everyone can! Not only that, but what if I told you that generating that kind of money could be done from houses no one else wants (or at least you THINK no one wants them) and that most properties in the $100k ra...
05/18/2010
Each seller will have his own reason for being motivated, and not all of them are able to do rent-to-own.  The best motivated sellers for rent-to-own are the ones seeking what I call "good debt relief".  This usually means that the home they are trying to sell is a payment burden but they aren't ...
05/17/2010
It's a good thing to turn your mind upside down now and then, like an hour-glass, to let the particles run the other way. - Christopher Morley     Have a great weekend everyone!
05/14/2010
You only need to work with two to four listing agents per year to make a comfortbale living.  You can find listing agents in the real estate section of your newspaper or through personal contacts or your investor groups.  I have on Realtor in my area who gives me only one deal a year, but I make ...
05/14/2010
A subject-to involves getting the deed to a property without taking on a new mortgage.  Instead, the seller signs over the deed to his home "subject to" the existing mortgage.  The buyer makes the mortgage payments on the seller's existing loan but does not take out a new mortgage to acquire the ...
05/13/2010
Previously, we have talked about outright purchase at a reduced price, lease option, and lease purchase.  Today, you will read about the fourth strategy: short sale. Short Sale Another possibility when buying from a motivated builder is the short sale.  In this case, the builder is usually behind...
05/12/2010
Yesterday, we talked about the first strategy that can be used when buying from builders in a distressed market.  Today, we will be going over the six advantages to the Lease Option and Lease Purchase strategy. Another approach would be to lease option or lease purchase from the builder.  A lease...
05/10/2010
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WendyPatton

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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.