Mastering Real Estate Investment with Wendy Patton

AZREIA Show

In this episode of The AZREIA Show, hosts Marcus Maloney and Mike Del Prete welcome Wendy Patton, a seasoned real estate investor with over 38 years of experience. Wendy shares her journey from starting in real estate with no money to becoming an expert in lease options, fix and flips, syndications, and maintaining a portfolio of rentals. The discussion delves into her methods for securing deals through creative financing, the importance of building relationships with sellers, and tips for new investors. Wendy also offers insights on lease options, subject to deals, and wraps. This episode is packed with valuable education for anyone interested in real estate investing.

Key Takeaways:

01:23 Meet Wendy Patton: Real Estate Veteran

02:40 Wendy's Journey: From Colorado to Detroit

05:13 Overcoming Challenges and Family Support

13:13 Creative Financing and Real Estate Strategies

29:46 Understanding Payment Applications

30:21 Negotiating Premiums and Discounts

30:38 Spreadsheet Strategies for Deals

31:02 Long-Term Investment Options

32:16 Down Payments and Commissions

32:43 Wholesalers and Interest Rates

33:31 Exploring Wraps and Sub2 Strategies

34:58 Creating Money from Thin Air

35:32 Networking and Finding Deals

37:36 Amortization Insights

42:37 Handling Motivated Sellers

43:24 Market Trends and Strategies

49:26 Final Tips and Resources

Connect with Wendy Patton:

https://www.instagram.com/wendypattonmi/

https://www.linkedin.com/in/wendypatton/

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