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Exploring the Essential Features of “Wendy Patton – Sandwich Lease Options: Your Complete Guide to Understanding Sandwich Lease Options”
Sandwich Lease Options: Your Complete Guide to Understanding Sandwich Lease Options
by Wendy Patton (Author)
A guide to investing in real estate when lending is tight – without needing a mortgage, good credit, or a down payment.
Audience: The investor looking to invest in real estate using lease options.
Lease Options are becoming quite the buzz word lately. Years ago it was harder for me to get Realtors to even consider a Lease Option for their clients. Today, markets all across the country have changed. Lease Options are currently a viable industry trend and needed for many sellers to sell their homes.
What is a Lease Option?
A Lease Option is a way to purchase real estate, usually with very little or no money down, sometimes even with money back in the investor’s pocket. Sound too good to be true? Well, it isn’t. Can an investor end up with money in their pocket and not have to put 10-20% down to purchase real estate? Yes. This technique is used commonly today by the most successful real estate investors.
The lease option strategy gives an investor the right to lease a home and also the right to purchase the home during or before the end of the lease period. An option is a contract that gives an optionee the right to exercise a privilege — and in the case of real estate investing, it gives the optionee (investor) the right to purchase property during a contracted period of time. It is a technique that involves gaining ‘control’ of a property, without the total burdens of ownership.
ALL money made in real estate is made by controlling property. Owning property is the most obvious way to control it, but control is possible without ownership — and control is what makes the money. It was a dying John D. Rockefeller who told all of us his secret to achieving great wealth, “Control everything, own nothing.” All of the most successful real estate developers today utilize options, in one form or another.
A sandwich lease option involves the investor selling the home to a tenant buyer through “sandwiching” themselves in the middle of the deal.
When doing any lease option deal, it is one of my mottos that everyone must win or don’t do the deal. There are 3 people involved in a Sandwich Lease Option: the seller, you (the investor) and the tenant/buyer. It must be a win/win/win, otherwise walk away.
Sandwich lease options are extremely profitable for real estate investors.
Product details
Publication date : September 26, 2012
Language : English
About the author
Wendy Patton
Wendy Patton is widely recognized as one of the most knowledgeable educators on “Little or No Money Down” real estate investing. Her real estate savvy, great depth of experience and viable knowledge has helped her to create the most complete and easy to follow Lease Option & Subject-To programs in the country.
After graduating from the University of Colorado, Wendy went to work for EDS, (Electronic Data Systems). Soon after, she had an enlightening experience with real estate investing and walked away from her corporate job to focus her efforts on real estate investing full-time.
Wendy is a licensed Real Estate Broker in 2 states and a licensed builder in Michigan. Wendy has experience in Lease Options, Subject-To’s, land development, property management, rehabs, foreclosures, new construction, fix and flip, apartments, and more. With over 37 successful years in general real estate and hundreds of transactions using Lease Options, she is the country’s leading expert on Lease Options and working with Realtors to acquire Lease Option deals. Wendy loves to teach others and assist them to achieve the same level of success that she has personally experienced.
Wendy Patton is a published author and well known public speaker. Her first book (2005) is titled Investing in Real Estate with Lease Options and Subject-To Deals has received rave reviews on Amazon.com and other real estate investor websites (2nd addition 2023) Her second book (2009) was immediately a #1 Best Seller on Amazon.com. How to Make Hard Cash in a Soft Real Estate Market (co-written with her business partner, Justin Ryan) has since been consistently in the top 10 on Amazon.com for Real Estate books. She has appeared on HGTV’s hit TV show, “My House Is Worth What?” She also has a number of other real estate books that have been published.
She, and her husband Michael, currently live in AZ in the winter (with mountains) and MI in the summer (on the lake). She loves to play Pickleball/golf and hang out with her 5 children and growing number of grandchildren.
Please see the full list of alternative group-buy courses available here: https://lunacourse.com/shop/
