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
Rent to Own Homes for Investors:   Questions and Answers I want to share:   Question: If you are getting, as in example a rent credit for a portion of the monthly lease payment, And IF the tenant buyer does not execute the option and buy, do you want to/ or how can you protect the rent credit for...
12/26/2010
Lease Option Contracts - what to sign and when   Question:   When working with a seller, do you sign the Rental Agreement and other documents for a lease option right away, or do you wait until you find a tenant buyer?I'm assuming you wait until you find a Tenant Buyer... But let me know if I'm w...
12/26/2010
Lease Option and Rent to Own Homes:  Questions   Question: I thought that I found a buyer for a property that a seller has agreed to let me lease option, however when the buyer found out that the option fee of $7,500 is non-refundable and must be paid up-front she said she would not feel comforta...
12/23/2010
Lease Option Question  -  re:  Return of option fees .  Question: Your lease option book states cases when the Tenant buyer is unable to buy or qualfy for  mortgage  You return  Option Fee  plus  $500  for the inconvenience and for liquidated damages.   I sure would like to avoid that kind of con...
12/17/2010
What to do with free and clear (not mortgage) homes as an investor:   Question:  I found a house that's owned Free & Clear. The house needs paint, new carpet and the pool needs to be drained. I've seen the house and this is all that's needed.  - Comps are coming in at $400k  - They're asking $365...
12/15/2010
Real Estate Investing and calling FSBOs.    Question from a student: Wendy, I went on craigslist to start cold calling sellers for a cooperative lease option but it seems all the good houses are through realtors. Would it be better if i went to a different website to find sellers such as FSBO.com...
12/14/2010
Have you ever thought about how much you could make if you were able to buy/flip a mortgage that is in default from a person who carried back a mortgage when they sold their home (seller carry-back) or from the bank at 20% - 60% of the actual value?Would you say that beats doing a short sale?What...
12/05/2010
The number 1 objection I hear from real estate agents when the subject of doing a lease option or rent-to-own is broached is "How do I get paid?" Sometimes an agent will be concerned about how they get paid, but they don't want to ask it that way. So instead they might say to to their seller thin...
12/04/2010
It is the time of year to help out others in Need.  Michigan has suffered tremendously.  Many of you might not know but some of our properties have gone down in value by 70%.     For my friend Kathy Persha (she is a KW real estate agent) who is helping out Michigan Families by trying to get a gra...
12/01/2010
Lease Option Education and what to look for: I am going to share some of my Questions and Answers from my coaching students about lease options.    Question:  what to do on this deal and can you even do a Cooperative Lease Option vs. a Sandwich Lease Option?   "Wendy, Thanks for getting back to m...
12/01/2010
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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.