Working With Realtors® In This New Marketplace

If real estate has been around as long as dirt, Realtors® may very well be the oldest profession. Realtors have seen every change that has ever happened in the real estate marketplace.

If you want to be a successful real estate investor, you must learn how to work with real estate agents!

Now Is The Time To Start Working With Realtors®

I make a powerful effort to work with Realtors® as a lease option investor to the extent that I wrote a book on the subject. I strongly suggest that students seek out Realtors that understand the concept of lease options and can help their sellers understand lease options. Not all Realtors are completely familiar with sandwich lease options. However, the book has step-by-step processes and a presentation to show Realtors how lease options will enhance their careers — and their pocket book.

Traditional home sales have drastically decreased over the past few months because of the affordability problem. Decreased home sales hurt Realtors where it counts — in their pocketbook.

Lease options and sandwich lease options are NOT traditional home sales! These non-traditional methods work very well today because they get around the buyer’s affordability problem by giving buyers a year or two to build equity in a home (option fee) while saving additional money for a bigger down payment and tuning up their credit report to qualify for the best interest rate.

This is the 4 Winners solution to home sales — the seller, the real estate agent, the buyer, and you as an investor!

Sandwich lease options have become such a successful investment method that many Realtors have added it to their skill set. Most Realtors take continuing education classes with sandwich lease options becoming a popular choice with realtors over the years.

Working with realtors as an investor brings competitive advantages as a path less chosen!

You Want to Help Realtors Better Understand Lease Options

Many Realtors are mostly interested in shiny new kitchen appliances and the latest trend in new home technology. You and I are a different breed by looking at things like qualified tenant-buyers and maximum sale prices. We’re more interested in a decent rent spread from the sandwich lease while most Realtors only focus on preapproved buyers and staging a seller’s house for sale. But that doesn’t mean working with realtors as an investor can’t be a good fit.

Often, the first thing you need to do is inform Realtors that you are a knowledgeable and enthusiastic sandwich lease option investor. This is as simple as sending a letter or email to listing agents explaining your strategy and offering to share a short presentation with the details.

Something that Realtors have in common is they are always looking for new leads. A buyers’ agent is looking for the next buyer and a listing agent is looking for the next seller. Their repeat business is far and few between — especially in today’s marketplace.

As a sandwich lease option investor, you offer repeat business to Realtors!

What to Share When Working With Realtors as an Investor

The type of seller that you are looking for through a Realtor is a seller that doesn’t immediately need to pull all their equity out of the house. A seller that is more interested in receiving top dollar rather than fast cash. A sandwich lease option brings top dollar, but it can take a year or more. That’s the seller, but what does the Realtor want…?

What you need to understand when working with Realtors as an investor is that he or she needs to be paid for what they do. You don’t want to make the Realtor wait a year or more to be paid in full. If you do make him or her wait, they might not suggest your offer to sellers. One technique that I’ve used in a seller’s market is giving the listing agent a substantial portion of the commission upfront. This comes from the option fee that is applied to the purchase price when the tenant-buyer completes the purchase. You should be collecting an option fee between 4% and 8%. The total Realtors’ commission is typically 6% but this is split 3% and 3% between the listing agent and the selling agent. You can pay up to the full 3% to the listing agent and still walk away with a nice first paycheck with many more paychecks to come before the sale closes.

You may also be able to let the Realtor “Double-Dip” when he or she collects the selling agent portion when the deal closes in a year or more.

Why would you do this? It’s simple logic because the Realtor is also going to bring you repeat business. That’s one of the big benefits that come with working with Realtors as an investor. You’ll be sharing part of the money, but you’ll be collecting the lion’s share at the closing table. With a few emails and short presentations, you can soon have 3 or 4 Realtors bringing you several sandwich lease options every month — as much business as you want.

When a Realtor hears a seller say, “If my home doesn’t sell soon, I might have to RENT it!” — the Realtor should immediately think of you.

Finding the Right Fit When Working With Realtors as an Investor

Ideally, you want Realtors that understand real estate investing. This is easy to find because most Realtors are investors themselves. Realtors interested in investment properties hang out at the same places as other investors — at real estate investor clubs and groups across the country.

It can also be worth your time checking out Realtors who specialize in the types of houses and neighborhoods you invest in. Drive through these neighborhoods looking for “For Sale” signs. Also, call on these listings in the MLS.

Key to working with Realtors as an investor is finding agents who:

  • Own investment properties. You want to know how long they’ve owned these and what types (single-family, apartments, commercial, etc.).
  • Have worked with investors. Have they closed any deals for investors? How did they feel about the process and the business relationship?
  • What types of investment deals were these (flips, rentals, sandwich lease options, REO, probate)?
  • How many investor deals have they worked on and how many closed?
  • Have they ever worked with lease options and sandwich lease options?
  • Which neighborhoods, price ranges, and other attributes do they know well and are suitable to your investing goals?
  • How time-sensitive are they to investor needs?

They should be able to talk in the lingo of investors. Still, if he or she isn’t already familiar with lease options, it’s not necessarily a deal-breaker. You may be able to draw on the experience they have putting together seller-financed deals or other creative financing. Having third-party financing sources can seriously enhance why you want to be working with Realtors as an investor.

Ask if they are interested in something like a rent-to-own or a lease option with their commission paid in full. Let them know you are a rent-to-own buyer looking for homes in their area. Do they have sellers open to something like this?

Also, don’t hesitate to be clear about your needs. The more he or she knows about your objectives, the more effective a Realtor will be at tailoring their efforts to help you achieve your goals. The more you educate a Realtor about your unique advantage using sandwich lease options, the more you both will benefit. There is true value for both of you when the Realtor gains a repeat client, and you have a Realtor working with you who clearly understands how he or she will benefit from sandwich lease options.

Working with Realtors as an investor is only one in the bundle of proven creative investing methods. Take action by exploring all the possibilities:

  1. The time-proven method for Working with Realtors.
  2. Advanced strategies for Buying and Selling with Lease Options.
  3. Your Wealth Building Arsenal.
  4. Investing In Real Estate with Lease Options.
  5. Cooperative Lease Options.
  6. Expand to Get the Deed “Subject To.”
  7. Add Personalized Coaching.

To Your Success,

Wendy Patton

For more than 30 years, I’ve used the Sandwich Lease Option System to earn myself and my students millions of dollars. From my experience, I know there is plenty of room and opportunity in the real estate investment market for everyone wanting to participate to find profitable deals. It’s because of that fact and my personal success that I share the Sandwich Lease Option System with others.

If you found this information useful, please visit again soon at wendypatton.com.

For more exclusive content, please subscribe to my RSS Feed and YouTube Channel.

What did you think of this article? Please leave a comment below.

Selling on Sandwich Lease Options – The Full Deal For Big Profits

Do you want to earn several thousand dollars for a signed agreement with a buyer to work with you to complete a sandwich lease option home a year from now? Do you want the same buyer to give you $300 or $400 every month for the next year to keep the sandwich lease option active until the deal closes? Do you want a check big enough to cover 4 or 5 months of your day job wages as your third payday from a sandwich lease option? Do you want to do this again and again, whenever you feel like it?

Here is how you do exactly that…

Paydays 1, 2, and 3 for Each Sandwich Lease Option

As I say time and again, sandwich lease options are a win-win-win for everyone — the seller, the buyer, and you as the investor. But make no mistake about it; you are in this to make a profit!

As we know very well, there are three paydays.

  1. The sandwich lease option fee in the beginning.
  2. The rent spread that you collect each month until the sale closes.
  3. Your portion of the final sale price.

Almost always, the biggest profit in the financial transaction comes in payday 3 (at the end of the deal) when a lender approves a 30-year mortgage for the purchase price (less the down payment). The mortgage amount typically ranges from $200K to several hundred thousand dollars.

There’s a lot of money involved, so you really want to get this part perfect.

That’s why the course materials include a Profitability Worksheet covering all three of the paydays, along with all the forms, contracts, instructions, guides, and other materials that you need to complete every step of the sandwich lease option transaction.

The course materials cover both a sandwich lease option and if you are selling a house on a lease option that you already own!

Calculating What Goes Into Your Profit

The Profitability Worksheet is amazingly simple and fully automated to make the calculations you need based on the data you provide for your specific sandwich lease option. It’s color-coded for you to put your information into the green spaces and the completed calculations appear in the blue spaces.

Use the automated profitability worksheet to run your own examples. This enables you to determine which deals are value-added to get into, as well as how to best structure individual deals.

It begins with the basics that include the current market value of the house and the option sale price that you agree to with the seller (remember, you’re not paying the option price until all of the mortgage money is on the closing table). The market and option sale prices are used to calculate the purchase option fee you’ll charge the tenant-buyer. You can run any option fee scenario that you want to — such as 3%, 5%, or 10% of the tenant-buyer’s purchase price. The profitability worksheet also calculates the estimated future appreciation based on the number of months in the lease.

The data is used to calculate the suggested sales price to the tenant-buyer.

Another portion of the sandwich lease option profitability worksheet calculates how the monthly rent money flows to you and the seller. By running different scenarios, you’ll learn your potential cash flow from the rent spread. There is also a section on rent credits if you decide to use these. It includes both rent credits the seller gives to you and rent credits you might give to the tenant-buyer (not recommended). Yet another section of the worksheet enables you to analyze different ways the option fee might be applied — such as part of it going to a real estate agent. Everything you will learn about creative financing using sandwich lease options is in the worksheet.

Of course, there is a line showing your total potential profit from the deal and what will be paid to the seller.

An example I recently ran for a $225,000 house shows your total profit could be as high as $68,000 with $21,600 in rent paid to the seller on an 18-month sandwich lease option.

But that is just an example. Your bottom line depends on your local market and the specific house that you put on a sandwich lease option.

Everything Else Comes with the Course

The checklist becomes your guide throughout the process of selling on a lease option. It covers everything from advertising for a buyer to what to do if the tenant only makes a partial rent payment during the option period. It’s all backed up with fill-in-the-blank forms and contracts that have been approved by an attorney. The forms can be used in all states but as with any real estate contract, you should have these reviewed by a real estate attorney in your state. The instructions are so detailed that they include how to take the master forms and contracts that come with the course and turn them into your own master forms (I covered this in a previous blog about the cooperative lease option).

The details are in the paperwork. For instance, a standard rental application is not appropriate for a sandwich lease option. After all, you’re looking for a tenant-buyer that can qualify for a mortgage in a few months. You need to know more about the person’s work and income history in addition to the standard landlord references.

As another example, a sample letter for the tenant-buyer to begin credit repair is included. This is truly a detailed course. As you already know, the tenant-buyer becomes responsible for the maintenance of the house that they will be purchasing. A sample letter reminding them about the required maintenance is included.

More sandwich lease option materials include:

  1. Criteria for lease option applicants.
  2. Option to purchase agreement.
  3. Property inventory.
  4. Tenant-buyer ledger.
  5. Letter for late tenant payment.
  6. Much more.

Of course, we don’t live in a perfect world. It is possible for something to go wrong even with a well-thought-out and well-executed sandwich lease option. There are materials for these scenarios too. There’s a sample letter explaining that you’ll be showing the house to other prospective buyers if the current tenant is not paying as required. There’s even a letter for denying an applicant when they just don’t qualify for a sandwich lease option.

Everything you need to be successful is here. There are advertising scripts and telephone scripts for qualifying a buyer before you meet them or go to the trouble of showing the house.

It all starts with the Profitability Worksheet that you use to run multiple scenarios before placing a house on a sandwich lease option and before filling in the blanks on the easy-to-use forms and contracts.

Now is your time to immediately take wealth-building action:

  1. Advanced strategies for Buying and Selling with Lease Options.
  2. Your Wealth Building Arsenal.
  3. Cooperative Lease Options.
  4. Investing In Real Estate with Lease Options.
  5. Add Personalized Coaching.
  6. Expand to Get the Deed “Subject To.”
  7. Round it all out by Working with Realtors.

To Your Success,

Wendy Patton

For more than 30 years, I’ve used the Sandwich Lease Option System to earn myself and my students millions of dollars. From my experience, I know there is plenty of room and opportunity in the real estate investment market for everyone wanting to participate to find profitable deals. It’s because of that fact and my personal success that I share the Sandwich Lease Option System with others.

If you found this information useful, please visit again soon at wendypatton.com.

For more exclusive content, please subscribe to my RSS Feed and YouTube Channel.

What did you think of this article? Please leave a comment below.

Connecting You With a Modern and More Affordable Health Sharing Solution

As a long-time entrepreneur and small business owner, I know how essential it is to manage costs. Especially, high costs like medical bills. I decided this is one cost that I wanted to better educate myself about to find the right alternative to the prohibitively high cost of traditional medical insurance. So, I set out to find answers…

At last, a modern way that can reduce your health care costs.

Recently, I shared with you how health sharing can be the right medical cost solution for many of us. But that was just the model. What you and I need is a concrete answer that we can apply to our lives today. Now, I’ve found and studied a powerful health sharing cost solution that I think you should know about. This is not just about business costs. This health sharing solution can save you money by providing medical cost answers for families, individuals, and entrepreneurs, as well as small businesses.

Technology Should Make a Difference With Health Costs

In 2020, health care costs had risen to almost 20% of the country’s entire Gross Domestic Product (GDP) — at a time when technology was lowering costs for almost every other aspect of life. Poll after poll shows that Americans consider health care among their most expensive costs.

Families, individuals, entrepreneurs, and small businesses are all struggling with health care costs. Not only does this leave us with less money, but it also reduces our freedom to do as we want with our lives and to pursue other worthwhile activities.

We need a medical cost solution for all of us!

Technology has improved our lives to bring us more of everything and in better quality while still driving down costs. Everything from big screen entertainment centers, to ocean cruises, to Uber Rides, to home grocery deliveries, and much more. We are getting more of everything for a lower cost — Except Medical Services!

The key is that technology has changed how people and society connect and interact. Technology has replaced or reinvented entire industries — Except How We Pay Medical Costs. This part of our lives remains broken and unchanged.

By using technology and connecting people across communities and large distances there is a better way to positively impact our health care costs through health sharing.

It is a network of individuals, families, entrepreneurs, and small businesses coming together to change the medical cost model. Technology connects tens of thousands of people to share and pay medical bills.

Here Is How Health Sharing Should Work

Health sharing is a NOT-FOR-PROFIT and a non-insurance alternative. It is an organization that facilitates sharing/payment of each other’s medical bills.

To begin, with this solution you are in control. As soon as you open a health sharing account, you own and manage all the activities in your account – no meddling or overriding by outside administrators. Each month, you deposit a monthly “share amount” that becomes available to pay the eligible medical bills of other members. Your share amount is unique to you and the household that it benefits. When you have eligible medical bills, the process works the same for you. Other people’s share amounts will be available to pay all or most of your eligible medical bills.

The process is transparent about bill sharing except for private medical information. Once your share amount has been matched to another member’s eligible medical bill, there is a process step called “publishing.” For transparency, not only can you see the bill that your funds were used to pay, but you can also see the aggregate data about all the bills that have been published. Again, private medical information is not part of this data sharing, only the aggregate bill sharing. Your privacy is protected.

When another member has received the full amount needed to pay an eligible medical bill, the money is sent directly to the medical provider. The medical bill is paid in full. This same process will work for you and your household when you have eligible medical bills.

The process is simple for individuals. When you go to a medical provider, all you need is your health sharing identification card. Your ID card has all the information needed for your provider to directly submit your bill for health sharing. In most cases, you don’t have to go to the trouble of gathering a bunch of costs related to your bill and submitting each one separately. Your provider will compile the bill and submit it for you.

Your bill will be reviewed for eligibility and to verify that your Primary Responsibility Amount (PRA) has been met for the year. It is then published for sharing so that other members can pay your bill.

Primary Responsibility Amount. This is the annual amount that every member pays before additional medical bills become eligible for health sharing with the networked community. You have four PRA options to select from to match your household needs and budget.

Co-share. You will also be responsible for your co-share. This is the percentage of an eligible medical bill that you pay after your PRA has been met. Once your PRA has been met you are only responsible for 10% of eligible medical bills. Your household co-share is limited to $5,000 annually.

The remaining 90% is published to the community members for health sharing.

Health Sharing Example

As an example, we’ll use the $2,500 PRA option. To be an eligible health sharing medical bill, you must first meet the $2,500 PRA threshold. Let’s say after that, you have an unexpected emergency room visit that comes to $10,000. You’re responsible for the $150 co-pay and the 10% co-share portion of the bill (totaling $1,150). The remaining 90% or $8,850 is eligible to be paid by health sharing members. The last portion will be paid directly to your medical provider.

Later in the same year, there is another medical need for surgery costing $70,000. In this case, you will NOT have a co-share for 10% or $7,000 of the bill. You have already paid $1,000 towards your $5,000 annual co-share limit. For this $70,000 medical procedure, your expenses are limited to the $150 co-pay and the reduced $4,000 co-share. The other health sharing members pay the remaining $65,000 or 90% of the $70,000 total. Again, the health sharing portion is paid directly to the medical provider.

Through health sharing, you paid $82,500 in medical expenses based on 3 common medical events in 1 year at a cost to you of $7,800.

Also, after the surgery bill, 100% of any other eligible medical bills (less $150 co-pay) will be fully paid by health sharing because your full PRA has been paid.

There Are Many Membership Benefits to Health Sharing

Does that sound better than what your current medical costs are? Does it sound better than how your current medical bills are being paid and handled? It should! There are even more benefits that come with health sharing. Highlights include:

  1. Members can see any doctor they like — without dealing with medical networks.
  2. Enroll at any time — no open-enrollment period.
  3. Lower premium payments (I save $800 a month and get the same coverage).
  4. $0 cost for Telemedicine — anytime and anywhere.
  5. $150 annually towards blood work or other medical costs.
  6. Simplified billing.

Click here to take back control of your health care needs!

To Your Success,

Wendy Patton

If you found this information useful, please visit again soon at wendypatton.com.

For more exclusive content, please subscribe to my RSS Feed and YouTube Channel.

What did you think of this article? Please leave a comment below.

Something New — What is Health Share?

Health share programs might be a new concept to you, but they have been helping people manage their health care costs since the 1980s. Today, too many Americans are struggling with the increasing cost of health care and insurance premiums just to cover necessary medical expenses. For those looking for a cost-effective and flexible alternative, health share programs may be just what the doctor ordered.

Health share programs are a low-cost alternative to health insurance. A Health share is a group of people who have agreed to help with each other’s medical costs.

Unlike health insurance plans, the majority of health share programs are nonprofit organizations, dedicated to helping members with their medical expenses.

Basics of How Health Share Programs Work

Health sharing has existed for decades, but many are only recently learning about this simple, non-insurance, direct-sharing approach, especially in the wake of a changing health care landscape.

When people first hear about it, the number one question asked is, ‘How does health care sharing actually work?’ It’s a simple concept, but the idea of directly sharing health care costs from household to household can be foreign to many. To start with, the non-profit manages funds contributed monthly by individuals, families, and small businesses. This is done using modern technology so that it doesn’t add big cost burdens that come from insurance companies that have huge staffs overseeing every member’s medical business. Following clear and easy-to-understand guidelines, the health share program reviews, approves, and distributes funds directly to families with eligible medical needs (often directly to the medical provider).

When members receive medical services, they request member-to-member sharing, and eligibility is determined. The health share program coordinates voluntary monthly financial contributions from its members to support the medical needs of all sharing members.

As part of a health care sharing plan, you are responsible for paying in a certain share amount each month (like a premium) as well as an annual unshared amount for your own expenses (like a deductible) that your medical expenses must exceed before the plan shares your expenses. A few of the top reasons people find health sharing to be financially beneficial are:

  • For people who are generally in good health.
  • Find the cost of current health insurance premiums to be prohibitively expensive.
  • Lack of access to insurance through an employer or government program.
  • Aren’t able to get coverage after missing an open enrollment period.
  • Only want/need catastrophic coverage.
  • Are not eligible for a tax credit based on income.

Many health share programs ask that you agree to live a moral and healthy lifestyle — like not using tobacco or abusing drugs and alcohol.

Health Share Programs Are Different From Health Insurance

Health sharing is not the same as traditional health insurance. However, most programs do count as insurance under the Affordable Care Act (ACA). By directly connecting individuals, families, and small businesses and using technology, the health share alternative is lower cost than health insurance. Bottom line — lower cost. Monthly costs of health share programs are usually much lower than insurance premiums, although the rules may be different for what’s covered.

Also financially important is that the annual ‘unshared amount’ is much, much lower than deductibles on lower-premium or catastrophic insurance plans. Even with the lower costs, you still choose your own medical provider. There are no network requirements.

Something similar with health insurance is that you receive a health sharing card with all the information needed for the doctor’s office to directly bill the health share program. Because health share plans are not as widely used as health insurance, it’s possible that your preferred provider might not yet accept these types of payment solutions. In that case, the health share program will reimburse your expenses for covered treatment.

There is an important caveat to health share programs. Not all of them cover pre-existing conditions such as cancer, diabetes, or lifestyle-related conditions like smoking. There are different ways this is handled. Some health share programs decline membership and others impose a waiting period of a year or more before coverage for pre-existing conditions begins. You’ll want to understand what is and is not covered before selecting a health share program. For instance, some but not all cover wellness exams and/or mental health counseling.

Choosing a health share organization to join is a more personal decision than choosing a health insurance company.

Who Can Join a Health Share Program?

The short answer to the question of who is eligible to join a health share is ‘it depends.’ Each health share program has its own requirements, offers different benefits, and the level of lifestyle strictness can vary significantly.

Health sharing is not necessarily for everyone, but there are specific groups of people that are better suited to participating in health share programs. Some common traits include:

  • Engage in a healthy lifestyle, avoiding tobacco use and excessive alcohol consumption.
  • Being in overall good health helps keep costs down for the entire membership.
  • Looking for a more affordable option than what traditional health insurance provides.
  • Own a small business or operate a non-profit organization with staff that requires health care coverage. Also, self-employed, freelancers, consultants, contractors, etc.
  • Want to help others while helping themselves.
  • Earn too much money to be eligible for subsidies with conventional ACA plans.

For many individuals, families, and independent business owners these programs are reliable alternatives to traditional health insurance because they help alleviate the cost and expense of medical bills while providing quality healthcare.

To Your Success,

Wendy Patton

If you found this information useful, please visit again soon at wendypatton.com.

For more exclusive content, please subscribe to my RSS Feed and YouTube Channel.

What did you think of this article? Please leave a comment below.

When It Makes Good Sense To Use Cooperative Lease Options

It’s still a sellers’ market and that doesn’t look to be changing any time soon. Why do I start with that? Because in a seller’s market, the seller expects to get as much for their house as possible. This is one of several times when it can make good sense to go with a cooperative lease option.

Here is why a cooperative lease option makes good sense in today’s sellers’ market…

The Market is Right for Cooperative Lease Options

Our world is full of stories about investors going from rags to riches with one or two deals. For many needing an economic foot-up, the path forward is cooperative lease options. Most of the time I write about how a cooperative lease is the best way for a new investor to get started with nothing down and without risk. And that is absolutely true… but I also point out that any real estate investor can use a cooperative lease option at any time to generate some quick cash — by giving the seller the full asking price!

Every other investor out there is squabbling over the last thousand or hundred dollars when their strategy is to find a distressed property for 70% of the fair market value so that they can make a decent profit.

What if you could pay the seller’s full asking price and make your money from the tenant-buyer?

The real secret in this sellers’ market is to make your money on the tenant-buyer’s side of the deal. It’s about collecting the tenant-buyer’s ‘assignment fee’ for a cooperative lease option that places them in a quality house that they gladly want to buy for the full asking price. The tenant-buyer’s problem is that the competition for nice houses is still so fierce that any blemish on their credit report drops them out of the running even when other buyers are offering less than the full asking price!

It’s still a sellers’ market but not always for the full asking price!

Just read the real estate headlines and you’ll find that the market is still red hot, except many buyers have run into an affordability wall. Rising interest rates are making it more and more difficult for sellers to get the full asking price from qualified buyers that are up against that wall. And that wall is getting higher every day. It means qualified buyers are putting pressure on sellers to accept less than the full asking price so they can squeeze into a high-cost mortgage to close the deal.

Tenant-buyers using a cooperative lease option are in a better position than ever to offer the full asking price.

Giving the Seller the Full Asking Price

Besides rising interest rates, another part of the affordability problem for all buyers is that the price of homes is still going up every month. That is what makes cooperative lease options work well for tenant-buyers today. These buyers don’t plan to sign a mortgage next month to close the purchase. By the time tenant-buyers sign a mortgage (in 12 to 18 months), the selling price of the home will have gone up significantly.

The tenant-buyers that you want to work with are not broke and looking for a handout. Many have been saving for their first home for several years but have some minor credit problem keeping them from being competitive buyers in the sellers’ market — until now!

A cooperative lease option is about getting the Seller’s FULL ASKING PRICE and you being paid a 3.5% or $8,500 ‘assignment fee’ from a qualified Tenant-Buyer!

These tenant-buyers have the money to get into the house today AND offer the full asking price. The seller gets a contract for the full price while it is still a sellers’ market. None of us know what will happen with the market in three months, six months, or a year from now. But the seller can get a purchase option contract for the full price in today’s market. This is very appealing to sellers that are receiving offers for less than the full price!

The tenant-buyers have money and a respectable job that will almost certainly be paying them more in a few months when their credit issue is cleared up and they can qualify for a mortgage at the full asking price. The only reason they are still on the homeowner sidelines is that they need a little more time to clean up a credit blemish. Today is their time to step into a nice quality home that they can become the owners of in a few short months!

Basic Steps to a Cooperative Lease Option

Here is what you need to know to make cooperative lease options work in today’s marketplace. Depending on your local market, you will find a seller wanting the full asking price for a $250,000 home. You put the home under an option contract for that price. You’ll have no trouble finding a tenant-buyer excited to make a full price offer on the house if they have a year or more to qualify for the mortgage. Then you simply assign your option contract to them for a 3.5% ‘assignment fee’.

That is the heart of a cooperative lease option.

Other investors are walking away from these ‘full price’ deals because there is no equity in the deal (can’t buy for 70% of fair market value). And cooperative lease options are much easier to work with because you’re not working with desperate sellers that are months behind on their mortgage payments and on the verge of foreclosure.

But… make sure that you do a cooperative lease where you understand how to structure the deal with the seller, with the buyer, and to make sure that it’s all legitimate and legal. Definitely make sure you have the right paperwork and that you’re working with someone who knows how to do these.

Then go do a no money down, no risk deal by:

  1. Finding a seller ready to take a full price offer.
  2. Getting the property under an ‘option to purchase’ contract.
  3. Finding a qualified tenant-buyer with the ‘assignment fee’ and a good chance to get a mortgage in 12-18 months.
  4. Signing the lease option paperwork with the tenant-buyer.
  5. Assigning the lease option paperwork back to the seller.
  6. Keeping the ‘assignment fee’ and giving the seller the first month’s rent
  7. Putting the tenant-buyer in a credit repair program if needed.
  8. Deposit your money and move on to the next deal!

Simple… really! That’s why I love this business so much. Almost anyone can easily do 2 or 3 of these deals a month.

Imagine what you could do with an extra $12,000 – $18,000 in your hip pocket every month!

The world is changing for everyone. You want to be part of this by taking action with cooperative lease options. Here is where you begin RIGHT NOW:

  1. Cooperative Lease Options.
  2. Advanced strategies for Buying and Selling with Lease Options.
  3. Your Wealth Building Arsenal.
  4. Investing In Real Estate with Lease Options.
  5. Add Personalized Coaching.
  6. Expand to Get the Deed “Subject To.”
  7. Round it all out by Working with Realtors.

Happy Investing!

Wendy Patton

For more than 30 years, I’ve used the Sandwich Lease Option System to earn myself and my students millions of dollars. From my experience, I know there is plenty of room and opportunity in the real estate investment market for everyone wanting to participate to find profitable deals. It’s because of that fact and my personal success that I share the Sandwich Lease Option System with others.

If you found this information useful, please visit again soon at wendypatton.com.

For more exclusive content, please subscribe to my RSS Feed and YouTube Channel.

What did you think of this article? Please leave a comment below.

Control Without Ownership Using Sandwich Lease Options for a High 6-Figure Income

Like most new real estate investors, when considering a new venture, you probably have a ton of questions — AND YOU SHOULD! You should be asking questions like:

Do I need money to get started?

Will it work where I live?

Will it work in this TODAY’s market?

How do I know where to begin?

Those are all great questions that you do want answers to. However, the first question I think you should be asking yourself is “What can I do as a real estate investor to overcome these questions and fears?”

The answer is Control Without Ownership using Sandwich Lease Options!

Build a High 6-Figure Income With Sandwich Lease Options!

How much is your business worth when you have control without ownership using sandwich lease options? Let’s consider a typical deal for a $325,000 house in today’s market. With a single deal, you can expect to make about $9,700 from the lease option fee, $32,500 when the sale closes, and $4,800 from the rent spread.

The 3 PayDays from 1 sandwich lease option TOTAL:

$9,700

+ $32,500

+ $4,800

= $47,000

One deal alone is worth $47,000! You can reasonably expect to make that on each and every deal.

When you do 5 deals a year, you’ll make $235,000 a year. And it only gets better from there. That is doing only one deal every 2 ½ months. That’s a very small time commitment. Bumping it up to 1 deal every month will more than double your HIGH 6-figure income to $564,000.

All without ownership, little or no risk, and little or no investment capital!

You Can Probably Do Better With Sandwich Lease Options in Your Part of the Country

If you do one $47,000 deal every month for 3 years, you’ll make $1,692,000. In 5 short years, with a deal every month, you’ll have $2.82 Million! You could have your retirement fully funded whether you are ready to retire or not.

These numbers are all driven by percentages. The minimum
example is based on a $325,000 house with a 3% lease option
fee. Higher selling prices mean higher lease option fees, higher
rents with higher spreads, and a higher payout at the time of
sale.

If median-priced houses in your part of the country are selling
for $425,000, you will earn more than those minimum
numbers! $650,000 houses will double the numbers… and so
on.

In some parts of the country, you will earn much more…

A word of caution: Because higher profits are driven by percentages, it can be tempting to go after high-end houses. The problem becomes that you will not get consistent results because there are fewer sellers and fewer buyers in the high-end market. Consistent results, consistent profits, and consistent income come by focusing on the sweet spot. That is the part of the market close to the
median sale price. This is the part of the market with the most activity — with the most sellers, the most buyers, and where the most mortgages are being approved for first time tenant-buyers.

So, what else do you need to know about control without ownership using lease options?…

Sandwich Lease Options are about finding the most enjoyable balance between earning lots of money and having time to enjoy life.

Life is About Much More than Money

Money isn’t bad but there is much more to life than working for money that you don’t have the time to enjoy. A key principle that I apply to my sandwich lease option business is “control without ownership.” That means much less responsibility. Less responsibility gives you more time to enjoy life. You achieve less responsibility by sharing it with the other people in the deals. These people are the property owner who needs to solve a problem and the soon-to-be homeowner who has skin in the game.

Beyond the monetary payday, you want to enjoy emotional paydays. Most of us call emotional paydays “happiness.” It’s when we do things that make us feel good. It’s when we are proud to live a life based on principles. We all want this but few of us make it happen in any meaningful way. We always say that happiness will come someday.

Someday should begin today!

We all define happiness differently. Maybe it's lots of material things that cause us to work harder. Maybe it’s helping family but that often requires money. Maybe it’s helping people who are struggling — these can be the sellers and buyers in sandwich lease options. Maybe it is all of these. I find that sandwich lease options are the answer to all of this and much… much more.

Get the Money – Keep Your Life

Once you know how to make the money, you want to start thinking about what to do with the rest of your life. Don’t live by default. Living by default is what happens when someone else defines your life mission and life goals.

Prosperity Means Freedom, Time, Choices, and Happiness.

Have you ever tried to define how much money you need or want? A good definition is having more money than you need. It’s completely your choice how much is enough. You could do 1 or 2 lease option deals in January and February and be set for the entire year. Or you can do 8, 9, 10 deals if you want more money. Any way you do it, you won’t work very hard — but you will trade your time for money.

Once people come to appreciate this way of life, many decide to do as many deals each month as they decide they want to do that month – no more and no less – lots of flexibility.

This gives you the ability to experience life on your terms.

The decision is yours to work as little or as much as you decide, but only after you have all of the tools are you able to take control without ownership using sandwich lease options…

1. Advanced strategies for Buying and Selling with Lease Options.
2. You’re Wealth Building Arsenal.
3. Cooperative Lease Options.
4. Investing In Real Estate With Lease Options.
5. Add Personalized Coaching.
6. Expand to Get the Deed “Subject To.”
7. Round it all out by Working with Realtors.

To your success,

Wendy Patton

For more than 30 years, I’ve used the Sandwich Lease Option System to earn myself and my students millions of dollars. From my experience, I know there is plenty of room and opportunity in the real estate investment market for everyone wanting to participate to find profitable deals. It’s because of that fact and my personal success that I share the Sandwich Lease Option System
with others.

If you found this information useful, please visit again soon at WendyPatton.com.
For more exclusive content, please subscribe to my RSS Feed and YouTube Channel.

What did you think of this article? Please leave a comment below.

Cooperative Lease Options Made Super Simple

Nothing that I know of has proven more successful for beginning real estate investors than Cooperative Lease Options (AKA — Wholesaling for Quick and Easy Cash). By simply harnessing the power of Cooperative Lease Options, you’ll immediately begin making large 5-figure deposits into your bank account in about a week. I can also show you how to make more money with sandwich lease options, but nothing beats the Cooperative Lease Option for a fast payday and getting started in the lease option business.

I love the problem-solving power of cooperative lease options. I find it amazingly easy to negotiate and structure deals with both sellers and buyers.

Why You Should Start With Cooperative Lease Options

There are many reasons to start with cooperative lease options. You might already know that I prefer no-cost/low-cost deals with
almost no risk and that is exactly what these are. In fact, these even stay away from one of the remaining small risks associated with sandwich lease options. That’s the very small risk that the tenant-buyer won’t complete the purchase.

The cooperative lease option is about you bringing together the seller and tenant-buyer and then stepping out of the deal. If the tenant-buyer doesn’t complete the purchase, you are already out of the deal with no remaining risk, although you might provide your knowledge to find a way so the sale can go to the closing table.

And…

…. there are more powerful reasons why you want to have
Cooperative Lease Options in your investing toolbox….

When a Cooperative Lease Option is Right for You

Here are more (of many) reasons why a cooperative lease option can be the
right tool for the right deal.
1. When you (the investor) are just getting started and could use a quick deal
generating fast cash.
2. When you have several sandwich lease options under contract generating
monthly rental income (say $400 per house, per month) but it will be a few
months before a tenant-buyer closes a purchase to generate a bigger payday
for you.
3. You have a possible deal that will generate a decent purchase option fee for
you but there really isn’t much equity (big payday) for you to earn by
holding the rental contract for a few years.

A Cooperative Lease Option works well when the seller doesn’t leave much meat on

the bone for you (the investor) to stay in a sandwich lease option for a year or two.

How Easy and Simple a Cooperative Lease Option is Made for You

The course comes with every master contract that you will need. To get off to a great start, I encourage and show students how to convert the master contracts that I provide into your own custom master contracts that you will use again and again to save you time when working on every cooperative lease option deal.

It’s as simple as creating a master contract folder on your computer where you fill out the contracts that come with the course with your own individual information. Typically, this includes your own name, the name of your LLC, your state, and your county. You fill this in once on your own masters and keep the masters separate from the contracts you fill out for each unique deal.

After that, each time you have a cooperative lease option deal, you only need to fill in the specifics for that deal. Those are things like the date, the seller’s name, the address of the property, and of course the dollar amount. Quick and easy — it can even be done while you are meeting with the seller or tenant-buyer.

Your custom master contracts speed up an already fast to-do deal!

The Basic and Simple Process for Cooperative Lease Options

Here is the quick low down of what Wholesaling Lease Options are all about.
1. Find a motivated seller who wants to sell their house on a Lease Option.
2. Get the property under an “Option To Purchase” contract.
3. Find a qualified tenant-buyer who has a good down payment and has a good
chance to get a mortgage in 12 – 18 months.
4. Sign the Lease Option paperwork with the tenant-buyer.
5. Assign the Lease Option documents back to the seller.
6. Keep the Option Fee and give the seller the first month’s rent.
7. Put the tenant-buyer in a credit repair program with a mortgage broker.
8. Deposit your money and move on to the next cash deal!

Real simple… truly! That’s why I love this business so much. And if I can do it – anyone can!!!

In a few short hours, anyone can easily do 1-3 of these deals a month. Imagine what you could do with an extra $5,000 – $12,000 in “Hip Pocket Cash” every month!

What Else is On the Cooperative Lease Option Checklist?

From your master contract folder, you make a copy of the provided checklist that goes into a new folder set up specifically for the property you are writing a deal for. (Tip: I typically title the folder as the address of the property.) You want to start with the checklist because it generally lists the tasks in the sequence that you want to complete them. There might be minor changes in the sequencing for a specific deal, but the checklist provides a very useful guide throughout the entire process.

Here are a few highlights from the checklist:

  • At the top of the checklist, type in the house address so that you always know which deal this checklist applies to.
  • Make your proposal to the seller.
  • Check if the mortgage is up to date.
  • Get a key or access to the home to show it to prospective tenant-buyers.
  • Advertise the home. (See the script to screen tenant-buyers.)
  • Tenant-buyer fills out the rental application and puts down a non-refundable
    deposit. (See forms).
  • Verify the application and run a credit check (see detailed process).
  • Collect option fee from tenant-buyer at the time of signing documents or
    before.

At the top of the checklist, type in the house address so that you always know which deal this checklist applies to.

Of course, there are customizable contracts and templates throughout the entire process.

How to Structure Cooperative Lease Options

From beginning to end, the process is remarkably simple. This is nothing more than creative investing that most people just don’t think of. First, you use one of the many methods I share to find a seller in a bit of a pickle that needs some help with this type of creative selling.

Then you explain in a general way how a lease with an option to purchase works. What’s important here is that you gain some control over the property. You do this by signing a purchase option agreement between you and the seller for some “consideration.” When it comes to a cooperative lease option, you want the option fee you pay the seller to be very small. You probably want to start negotiating for as little as $10 to $100. This is important because your money comes from a much higher option fee that you collect from the tenant-buyer. If you pay too much to the seller, the tenant-buyer fee will only be reimbursing you rather than earning you a decent fee in exchange for your services and knowledge of how to put the deal together.

The purchase price you have under contract in a cooperative lease option is the same price you offer the tenant-buyer. What you want from the tenant-buyer is the full “traditional” option fee. A traditional option fee is between 2% and 5% of the purchase price. At 3% on a $250,000 purchase price, the option fee you collect is $7,500. Once you collect the traditional option fee, you “flip” your purchase option agreement (you paid $100) to the tenant-buyer. At this point, you step out of the deal. It becomes the responsibility of the seller and the buyer to close the deal at some future date before the option period expires.

What’s great about creative investing is that there are variations to fit every situation.The cooperative lease option is only one tool in your toolbox:
1. Advanced strategies for Buying and Selling with Lease Options.
2. Your Wealth Building Arsenal.
3. Investing In Real Estate with Lease Options.
4. Add Personalized Coaching.
5. Cooperative Lease Options.
6. Expand to Get the Deed “Subject To.”
7. Round it all out by Working with Realtors.

To your success,

Wendy Patton

For more than 30 years, I’ve used the Sandwich Lease Option System to earn
myself and my students millions of dollars. From my experience, I know there
is plenty of room and opportunity in the real estate investment market for
everyone wanting to participate to find profitable deals. It’s because of that
fact and my personal success that I share the Sandwich Lease Option System
with others.

If you found this information useful, please visit again soon at
wendypatton.com.

For more exclusive content, please subscribe to my RSS Feed and YouTube
Channel.

What did you think of this article? Please leave a comment below.

Sandwich Lease Options Support Your Life Vision (Maximize Your Income While Minimizing Your Work)

Why do so many people want to get into real estate investing? My decades of experience tell me that it is a combination of being in full control to enjoy your life while earning an amazingly comfortable living at the same time! In fact, many sandwich lease option investors take full control to become wealthy and happy.

I want you to learn my powerful strategy that is responsible for me being able to oversee more than 3,000 deals while living the life of my dreams.

Control your life and control your business by minimizing your responsibilities!

The Secret to Instantly Getting Started with Sandwich Lease Options

Ready to start your sandwich lease option journey? Grab my Lease Option Swipe File to see how I land creative real estate deals in minutes. As soon as you download the script, it only takes about 10 minutes to get started. It’s 100% free and the sellers will beg you to help them! It’s a behind-the-scenes live recording of me making real-world phone calls to local real estate agents. You’ll hear exactly how and what to say to get the deal you want! (HINT: listen carefully to the specific language I use…)

This is a time-tested and proven sandwich lease option script that you can just read back to the seller. The script works 36% of the time so use it exactly as it is! Imagine, your every 4th conversation may finally be a profit in your pocket!

Don’t have any capital? You can still get into real estate by structuring these deals between sellers and tenant buyers. Lease options are one of the easiest and fastest ways to become an investor without holding any mortgages.

Sandwich lease options change your life for the better and forever…

Our American Work Culture

As a society, Americans work too much. Most Americans live to make money instead of making money to live. IT DOESN’T HAVE TO BE THAT WAY. 

You want to get into lease option investing because:

You don’t want money to be the master of your life.

You’ll never have to work too much.

You’ll no longer be too busy to enjoy life.

You will no longer always be stressed out.

You won’t have to work at a job that you don’t like.

The good times in your life didn’t come when you were making money. Your good times were playing sports in high school, your college days, fishing and playing ball with your dad, taking a long-deserved vacation, and the list goes on… The list of good times is long but working longer hours is not on it.

Prosperity is having enough money to live the way you want to live!

Making Enjoying Life Your Passion

You might find it hard to believe that I’m saying this, but real estate doesn’t have to be your passion. Your passion should be living your life and real estate investing is the toolbox you use to feed your passion for life. With a toolbox full of sharp tools, you very quickly become efficient and effective. You make money when and how you want to.

You need to get out of the corporate world just so that you have the time to determine what you want from your life. Real estate provides the money to do what you want. Thousands of sandwich lease option investors are not wrong! 

You can get away from the corporate world by creating multiple income streams. Multiple income streams give you the financial security that you will never find with a single corporate paycheck. 

One sandwich lease option provides three Paydays – one of those Paydays is a steady income stream from the rent spread.

The road to a wealth legacy is paved using the money you earn from lease options to invest in additional assets that give you more passive income streams. If real estate is not your preferred choice for building wealth, it can at least provide fast and reliable capital to move you into what you truly want to be doing.

More is Not Always Better

Better is having the right strategy that delivers what you want from the amount of work that you want to do. These courses were put together with the thought process of delivering what you need to be doing so that you can work the amount of time that you want to be working. You can do as little or as much as you decide is right for you. What happens is doors will open that you never even imagined were there before.

YOU WILL FIND FREEDOM! 

FREEDOM to LIVE LIFE YOUR WAY and FINANCIAL FREEDOM!

You may not even know what real freedom is until you taste it. What you need is a plan to at least experience freedom and then work towards total freedom. You don’t want to try inventing a new version of the wheel when a wheel proven to go around and around while churning out money is already at your fingertips. 

Freedom only requires having a strategy that fits your vision for life. I have taken countless courses. I took the best strategies that supported my vision and crafted them into what works best for my vision and me. 

You may not, and probably will not, use everything that you learn here. You will probably modify it to best fit your needs and vision. But you will be starting with what you can be sure is the best thought-out and complete strategy for sandwich lease options. These are proven techniques that my students have been using for years and decades. These tools have been successful time and time again. There is a lot here that will become the foundation of your investing strategy. These are the tools and techniques that will support your vision for life. 

Your freedom begins by using what you want and when you want.

Use the tools as little or as much as your vision calls for.

Believe it or not, you will learn to say “NO” to some investment proposals. I often phrase this differently by saying “NEXT.” I do that because there is always, always, another deal in the pipeline, when the deal you are looking at this moment isn’t the right deal for you. THAT’S FREEDOM. Learning when and how to say “NO” and “NEXT” is key to gaining your freedom. It also means having the freedom to follow up 3 or 4 months later when your offer is still the best solution to solve the prospect’s problem. It is always a WIN-WIN-WIN solution!

Your Freedom is secured by always having sandwich lease option deals in your pipeline!

You want to have all of the tools in your toolbox:

1. Advanced strategies for Buying and Selling with Lease Options.
2. Your Wealth Building Arsenal.
3. Investing In Real Estate with Lease Options.
4. Add Personalized Coaching.
5. Cooperative Lease Options.
6. Expand to Get the Deed “Subject To.”
7. Round it all out by Working with Realtors.

To your Success,

Wendy Patton

For more than 30 years, I’ve used the Sandwich Lease Option System to earn myself and my students millions of dollars. From my experience, I know there is plenty of room and opportunity in the real estate investment market for everyone wanting to participate to find profitable deals. It’s because of that fact and my personal success that I share the Sandwich Lease Option System with others.

If you found this information useful, please visit again soon at WendyPatton.com.

For more exclusive content, please subscribe to my RSS Feed and YouTube Channel.

What did you think of this article? Please leave a comment below.

 

 

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