Comments on: Wendy Patton http://bizoppreviews.org/wendy-patton/ Protecting you from online scams Thu, 29 Jul 2010 15:47:40 +0000 hourly 1 http://wordpress.org/?v=abc By: Bonnie http://bizoppreviews.org/wendy-patton/comment-page-1/#comment-148 Bonnie Mon, 26 Jul 2010 19:11:40 +0000 http://bizoppreviews.org/?p=8#comment-148 Her info on lease purchases may be great but I signed up for one of her pre-construction bootcamps/buying trips. Many of those on the trip kept in contact with each other. What we found was that many of the deals were not “deals” and could be found. Many investors experienced moving targets where the financing changed mid stream etc. What I found was that on a pre-con condo I bought for $82, I am unable to rent it out, because the builder built the back unit first, so when you go to see the property you have to ride through construction and it is unappealing to many. Also, the $105-110 that it was supposed to appraise for is actually $83K. This is because the units that settled a month or two before mine have created the comps on the market. If they had done $90,000 with 10,000 seller concession or something to that effect at least we would have had equity to appease our sense. We went in thinking that she and her group are professionals and really know their way around pre-construction. We have since found out that is not the case. She has broken ties with the business partner she had then, but I don’t know if anything is any better. They have offered return trips for half off, and I have relayed all of my dis-satisfaction but never got a call back. Not surprised.<div class="show_rate"><span>Overall Rating</span><div class='stars'><ul class='star-rating' title='4 from 5'><li class='current-rating' style='width:80px'>4 from 5</li></ul></div></div> Her info on lease purchases may be great but I signed up for one of her pre-construction bootcamps/buying trips. Many of those on the trip kept in contact with each other. What we found was that many of the deals were not “deals” and could be found. Many investors experienced moving targets where the financing changed mid stream etc. What I found was that on a pre-con condo I bought for $82, I am unable to rent it out, because the builder built the back unit first, so when you go to see the property you have to ride through construction and it is unappealing to many. Also, the $105-110 that it was supposed to appraise for is actually $83K. This is because the units that settled a month or two before mine have created the comps on the market. If they had done $90,000 with 10,000 seller concession or something to that effect at least we would have had equity to appease our sense. We went in thinking that she and her group are professionals and really know their way around pre-construction. We have since found out that is not the case. She has broken ties with the business partner she had then, but I don’t know if anything is any better. They have offered return trips for half off, and I have relayed all of my dis-satisfaction but never got a call back. Not surprised.
Overall Rating
  • 4 from 5
]]> By: Sivada http://bizoppreviews.org/wendy-patton/comment-page-1/#comment-146 Sivada Mon, 26 Jul 2010 19:08:52 +0000 http://bizoppreviews.org/?p=8#comment-146 Wendy's book is very well written. Excellent. Three months after reading her “Lease Option/Subject To” book I was able to do a lease option deal with a motivated seller. Now that I am ready to exercise my option, I was having problems finding a mortgage broker that can refinance a lease option deal. I emailed Wendy Patton and she responded in less than 24 hours with 5 mortgage brokers that can do the refinance. Bottom line, this is a Great Book! and a Great Author!<div class="show_rate"><span>Overall Rating</span><div class='stars'><ul class='star-rating' title='5 from 5'><li class='current-rating' style='width:100px'>5 from 5</li></ul></div></div> Wendy’s book is very well written. Excellent. Three months after reading her “Lease Option/Subject To” book I was able to do a lease option deal with a motivated seller. Now that I am ready to exercise my option, I was having problems finding a mortgage broker that can refinance a lease option deal. I emailed Wendy Patton and she responded in less than 24 hours with 5 mortgage brokers that can do the refinance. Bottom line, this is a Great Book! and a Great Author!
Overall Rating
  • 5 from 5
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