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A Message from Wendy!
Wendy Patton – Full Time Real Estate Investor
I started investing in real estate at the age of 21 years old. Like most young adults I was single, broke, thinking “corporate America” was my only future. I graduated from college, was hired for that corporate America dream job and was $20,000 in debt. Soon, I found Corporate America wasn’t the golden path to what I wanted.When I began investing in real estate, I didn’t fully understand my financing options, so I started purchasing investment properties on credit cards. At that time I didn’t know of any better way to invest. I did not have the assistance or availability of coaches and instructors.
By the time I was in my early 20’s, I had $200,000+ on my credit cards! About this time, I got married and had twins all within a very short time span. Over the next few years, I accumulated more properties while working my full time position in the corporate world. I even had to take my young twins with me when I was looking at potential investments.
Eventually, I was a single mother of my twins. I needed to make a living and make it fast. I had to pay off the over $200,000 of debt by myself. The investing techniques I came to specialize in involved buying properties with little or no money down – as I didn’t have much money to my name at the time. They are called “lease with option to buy” and “buying subject to.”
A What?
A lease with an option to buy involves leasing a home from a seller who might not be able to sell it or rent it otherwise. It allows the investor to rent it and then buy it, without having to use money or credit. I was able to do this over and over again. I have bought and sold over 600 lease option homes. The technique of lease with option to buy is what helped me get going “full steam ahead” in the real estate business.
Investing using the subject to technique involves having the seller sign the deed of their home over to the buyer “subject to” the existing mortgage. The seller keeps the mortgage in their name, but the buyer/investor owns the home and is responsible for the payments of the mortgage. The investor does not have to qualify for a new mortgage using this method. The technique of subject to allows the seller to move on and get out from underneath their payments and the investor the ability to buy many homes without using his or her own cash or credit.
Both methods, when done properly, should result in a win/win situation for the buyer and seller. I only teach my students how to use these two methods in a fair and ethical manner. When all parties are treated fairly everyone wins and things work out for the best. I truly believe this is the only way to invest in real estate!
What’s Next?
I have three published books – Remarkable Women, Investing in Real Estate with Lease Options and Subject To Deals and How to Make Hard Cash in a Soft Real Estate Market. The second and third book can be found in books stores all across the country and on my website bookstore. Book number 3 just came out and it covers investing in real estate in a soft real estate environment. It also discussed how to find the next “Emerging Market”. Keep an eye out for it!
The free CD that you can get on my website will give you more insight to the lease option techniques and more about my third book. I hope you enjoy it.
I speak to audiences all over the U.S. and have taught tens of thousands on how to invest in real estate with little or no money out of their pocket. My passion is real estate investing and teaching others to get beyond the difficulties that exist in their lives! I hope to meet each of you one day and impact your life!
Wendy Patton
"I'm a believer, this does work! ..." Read a heartfelt letter of thanks to Wendy from a Boot Camp Attendee.
View video samples from one of Wendy's recent conferences.
Praise for Wendy's New Book: Investing in Real Estate With Lease Options and "Subject-To" Deals
Straight forward, honest, well-written and complete! After having spent literally tens of thousands of dollars on bootcamps, I stumbled onto Wendy's book, because I was looking for a way to work with Realtors. It has been over 1 year of frustration, not having a deal done. While they say the first deal is the hardest, it is also the most frustrating when you don't have a way to speak with Realtors who in effect, control the market of sellers. Not only did Wendy help answer this question of how to work with Realtors with the information in this book, but as I write this after only 1 week with Wendy's book, I am writing an offer that I know will be accepted on a beautiful lease/option property. Though this will be my first of many deals, I have bought real estate previously without creative techniques. Whether you are brand new to this subject matter, a Realtor, or a seasoned investor with many deals under your belt. This information is going to bless your investing business and provide you some no nonsense real life information that you can put into practice today. This book is a complete system! The "what to do" and the "how to do it"! You will buy this book for all your friends and family that you care about. I did! Michael Mushlin (Chicago, IL)
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I'm reading your book: Lease Options and Subject-To's. I'm sorry but I haven't finished your book. I was somewhere in chapter 2 when it occurred to me that I could do this. Then about 2 or 3 pages later it also occurred to me that the property right accross the street from me was a prime example of what was being described in the success stories. I now have a letter of intent for leasing with a 3 yr. option and a projected income of $29,300. Papers are to be signed Saturday. Thank you very much, I have to go finish your book now. Eric Cook (Greensboro, North Carolina)
