http://www.wendypatton.com Lease Option and Subject to Training and Education Tue, 21 Feb 2012 15:00:20 +0000 http://backend.userland.com/rss092 en The lease purchase is a neat and highly effective sales concept for many reasons. One is the lease purchase is a way to get a pseudo homeowner into the property before they actually buy the property. That's because the lease purchase arrangement assumes the tenant will eventually buy the house. Because of this, the lease]]> http://www.wendypatton.com/blog/lease-purchase-how-does-a-work If you're not familiar with the contract for deed house sale, it's also known as a land contract or land installment sale. You'll find minor variations to the contract for deed but generally it's an installment payment process where the seller holds the contract. With today's tough mortgage standards, the contract for deed is a]]> http://www.wendypatton.com/blog/contract-for-deed-a-popular-purchasing-option One question that comes up early in lease option student training is how to get a lease when putting together a sandwich lease option deal. When you are trying to figure out how to get a lease, you need to start by looking for motivated sellers. Yesterday, I posted a bog about buying short sales.]]> http://www.wendypatton.com/blog/how-to-get-a-lease-is-the-first-step-in-a-lease-option-deal I'm constantly on the lookout for houses to invest in to turn into option homes where I carry the contract for a few years until the buyers can obtain financing and cash me out with a balloon payment. Recently, the REO market (real estate owned by banks) hasn't had many of the types of properties]]> http://www.wendypatton.com/blog/option-homes-are-short-sales-the-answer Rent to own homes or lease options are beautiful tools with which to buy and sell properties. While there are too many variations to rent to own homes to discuss in detail, we will cover the key areas available for negotiation. When structuring your rent to own homes contract with the seller, it's important to]]> http://www.wendypatton.com/blog/negotiation-tips-2 If your credit is damaged or you have been turned down for a conventional loan, the Rent 2 Own program could be just what you need. Many people would love to buy a home today while prices are super low. Unfortunately, the banks are being extraordinarily tight about loaning money. If you've had financial trouble]]> http://www.wendypatton.com/blog/rent-2-own-is-good-for-buyers Rent to own homes as a real estate strategy is booming right now. People that were foreclosed on or did short sales won't be able to qualify for a traditional loan for years to come. Their choices basically come down to either renting or owner financing. Carefully selecting buyers greatly increases an investor's probability of]]> http://www.wendypatton.com/blog/rent-to-own-homes-in-pontiac Option lease is one of many ways to invest in real estate. At the highest level is a division between passive and active income. The option lease is a passive income and rehabbing houses is active. A great investing strategy is creating multiple passive income streams that allow the investor as much leisure time as]]> http://www.wendypatton.com/blog/option-lease-and-other-investing-options Facing reality means finding alternative ways of selling a house when traditional ways no longer work. By answering the question: What is a Lease Option?, you'll find one of the surest ways to sell in today's market. Real estate markets across the country are suffering right now. Sellers can't sell and buyers can't get mortgages.]]> http://www.wendypatton.com/blog/what-is-a-lease-option-how-to-sell-in-todays-market-2 These questions come from a lease options student of mine. I'm share the lease options answer with all of my readers. I do this occasionally so other can learn and discover Lease Options and Other Q&A With Wendy Patton what is available in my lease options coaching program. These lease options are specific to a]]> http://www.wendypatton.com/blog/lease-option-coaching-questions-3