All Forum Posts by: Wendy Patton

@Sha Sing no i haven't heard of them but maybe if i knew their names i might know them from my investor group - shoot me a PM if you want

@Amy Thornburg congrats!!!!

@Clayton Bradley and @Account Closed - it used to be easy to treat a lease option like a refinance if there was an option fee paid and history on the payments, however, i haven't seen this with any lenders in years.  Now, there will likely be local lenders who hold their own in house mortgages(paper) who might still do it.  This would be something to ask your local banks/credit unions etc...... it also is likely something they don't see very often and might need to be explained or reviewed.  Mike Hern if you know that this exists today with traditional lending, please let me know, as i am not aware of it and would be thrilled if this was back again.

@Andrew Smoot when you do a subject to you pay the payments directly.  I have them auto withdrawn from my account.  Normally if the sellers are worried too much about you making the payments they won't sell it that way, however if they are they can log in each month to their account to see their payments are made.   It's easy and I don't use a servicing company as that costs money and puts someone else in the middle.   I like the control of making those payments directly - also all their mail and information about the property (attached to that mortgage) come to my office.

👻October Workshop: Full Day Lease Options Training featuring Jim Aydelotte

🗓 Saturday October 28th | 9AM-4PM⁣⁣⁣

📍Hilton Garden Inn - Troy, MI ⁣⁣⁣

Creative seller financing strategies are important today and becoming more important every single month. As a real estate investor, you must be prepared to fully utilize all tools available.

Jim Aydelotte is an expert in creative seller financing strategies - especially Lease Options!

As a full-time pastor and part-time investor, Jim has created a system with Lease Options which generates a six-figure income - PART TIME!

Creative Seller Financing strategies are important today and becoming more important in today's dynamic and rapidly changing market. Whether you are brand new or a seasoned investor, it is more critical than ever that you be prepared to fully utilize all tools available.

Jim will Teach you:
- Why this strategy works wonders in today's market when other's don't
- How to Structure Sandwich & Cooperative Lease Options
- When you walk away from a bad deal!
- How to put more money in your bank account right away
- Tricks on how to flip Lease Options to earn quick cash
- Ideas on ways to sell a home without owning one - ever
- The power of seller financing and approaches that give you POWER to work with little to no-equity properties!

What if you could....
Dramatically improve your success acquiring investment property and expand your exit strategies to make more on every property? Jim will teach you these strategies and MORE that are specifically designed to work in today's market! Don't miss this full day workshop!

Cost to Attend:

Premier Members: FREE 

General Members: $49

Guests: $69 

Add a second ticket: +$20 

REGISTER TODAY ➡️ https://bit.ly/OCT21MREI

#michiganrealestateinvestors #mrei #michiganrealestate #realestateinvesting #realestateinvestor #passiveincome #rentalproperty #leaseoptions #creativefinancing

October Monthly Meeting: Creative Financing Deals using Lease Options featuring Jim Aydelotte

🗓 Thursday October 19th | 6PM-9PM⁣⁣

📍MSU Management Education Center - 811 W Square Lake Rd. Troy, MI ⁣⁣

The no-risk, no-money down strategy that will put $5 to $10k in your bank account in the next 30 days!

Tentative Schedule:
5:30 - 6:00pm: Doors Open
Network with MREI Members, Guests and Vendors

6:00 - 6:30pm: Ask The Expert

6:30 - 6:45pm: Haves and Wants

6:45 - 7:15pm: Additional Networking

7:20pm: MREI Announcements and Vendor Raffle

7:30 - 9:00pm: Main Meeting Event - Creative Financing Deals using Lease Options
Lease options are the fastest way to a check in real estate. Jim Aydelotte will teach you how to make huge profits even if you have no experience, no financial backing, no credit, and no idea where to start. What if you could....Dramatically improve your success acquiring investment property and expand your exit strategies to make more on every property? These are lease options designed to work in today's market! You don't want to miss this monthly meeting!

Monthly Meeting Cost:
Members: FREE
First Time Guest: FREE (please pre-register online before the event)
Returning Guests/Non-Members who already used their free guest pass: $20 Online before the day of the meeting or $25 at the Door.

Meeting Notes:

• There are no food or drinks provided at the event (there are no vending machines).
• Eat before arrival or bring your own drink and/or snack for throughout the event.
• Bring a pen and notepad
• Bring business cards for networking

REGISTER HERE ➡️ https://bit.ly/MREIOCT19

#michiganrealestateinvestors #mrei #michiganrealestate #realestateinvesting #realestateinvestor #passiveincome #rentalproperty #subjectto #leaseoptions

September Workshop: How to Generate Passive Income With or Without Owning Rentals So You Can Retire in 2 Years featuring Al Williamson 

How to Use Monthly Airbnbs to Generate Passive Income with/without Owning Rentals so you can Retire in 2 Years!

🗓 Saturday September 23rd | 9AM-4PM⁣⁣

📍Hilton Garden Inn - Troy, MI ⁣⁣

Learn How to Generate Passive Income without Owning Real Estate!

• - Discover How to Measure the Extended Stay Rental Strength of a Local Market so You Can Gauge its Potential to Give You Economic Freedom

• - Find Out How to Increase Your Ability to Live More Abundantly so You Never Run Out of Money

• - See How to Pick a Monthly Extended Stay Rental Rate So You Know Your Earning Potential No Matter If You Have a 1bd/1b or 4bd/3ba

• - Discover Two Ways of Turning Courage into Monthly Cashflow So You Put an End to Financial Problems

• - Hear How to Market to Make Your Extended Stay Rentals Generate Nearly Risk-Free Profits

Workshop Cost 

Members: $49.00

Non-Members: $69.00

Bring a Guest: +$20.00

REGISTER TODAY ➡️ https://bit.ly/MREISEPT23

September Monthly Meeting: Current Market Trends & Increasing Rental Property Income with Creative Strategies featuring Chris Yatooma

Be prepared for an enlightening discussion and the opportunity to stay ahead of the curve and make informed decisions in the dynamic world of real estate investing.

Join us as we welcome Chris Yatooma, a seasoned real estate investor as he explores the dynamic landscape of the current real estate market conditions. With years of hands-on experience in all aspects of the real estate investing, He brings a wealth of knowledge and experience, shedding light on the strategies and insights providing actionable tips that will empower you to maximize rental rates and achieve your investment goals in this ever-evolving industry. Be prepared for an enlightening discussion and the opportunity to stay ahead of the curve and make informed decisions in the dynamic world of real estate investing.

*This event will take place in the Dining Room at the MSU Mgt Education Center at 811 W. Square Lake Rd. Troy*

Monthly Meeting Cost:
Members: FREE
First Time Guest: FREE (please pre-register online before the event)
Returning Guests/Non-Members who already used their free guest pass: $20 Online before the day of the meeting or $25 at the Door.

Meeting Notes:
There are no food or drinks provided at the event (there are no vending machines).

Eat before arrival or bring your own drink and/or snack for throughout the event.

Bring a pen and notepad

Bring business cards for networking

REGISTER HERE: https://bit.ly/MREISEPT21 

@Steve Diercks I didnt' read everyone's comments but i can likely help you a bit - i own a title company so i understand that issue and i have done several of these deals with a deceased. 

A few questions and thoughts: 

1)  Did the property go through probate or does it need to? 

2) if it doesn't need to you can talk to a local title company (or attorney if you are an attorney state) and get the executor to sign the deed to the LLC.

3) Also immediately start to call around to see what you will need for the new loan - if your current rate is good I would be hesitant to pay that off - and maybe you don't have to if your lender will allow it (maybe a private lender will allow it to stay on there)

4) check with your CPA about moving the title - does that change anything for the estate for taxes at all?  Should it have been done before and they suggest it asap for the "step up in basis" inheritance? 

I hope that helps some as there are legal, title and accounting issues potentially on this deal.