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All Forum Posts by: Wendy Patton

Wendy Patton has started 201 posts and replied 702 times.

Post: New Member from Missouri

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

Thanks Kim!  

Post: New member

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

Welcome.   Consider private or hard money lenders - private for long term holds.  Also consider using some other techniques like lease options, contract for deed or subject tos where you don't need financing.  

Post: Starting Property Management As Agent

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

JR correct.  In Michigan you do need a brokers license or to work for one to collect a fee from people to manage properties.  You can work for a property owner if they pay you a salary - but not many owners.  

Post: Hello from Detroit, Michigan!

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

Jim hopefully we will see you one day at one of the events.

Post: New investor in the SF Bay Area

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

Welcome to BiggerPockets, Ky!

Post: New Investor in Maryland

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

Welcome, Melissa!

Post: New Member from West Michigan

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

Welcome, Brian! Congratulations on this new chapter!

Post: Why should a seller offer financing with no money down?

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

Hi, Robert! Have you heard of lease options? Check it out!  http://wendypatton.com/leaseoptions/lease-option-s...

However, be sure to check with what is permitted in your market when it comes to using one of these deals. Hope you find it helpful. Best of luck to you! -Wendy

Post: New Member from Missouri

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

Hello, Denise! First off, thank you for your service. Have you considered doing a lease option or "subject-to" deal? I am from Michigan, so you'd have to check how things work in Missouri. These are great options for little or no money down financing!

Post: New member from Plymouth, MI

Wendy Patton
Posted
  • Specialist
  • Clarkston, MI
  • Posts 797
  • Votes 334

Welcome, Alejandro! Good luck with this new chapter!