World Famous Comics: Investing in Real Estate With Lease Options and "Subject-To" Deals : Powerful Strategies for Getting More When You Sell, and Paying Less When You Buy
Investing in Real Estate With Lease Options and "Subject-To" Deals : Powerful Strategies for Getting More When You Sell, and Paying Less When You Buy
By: Wendy Patton Publisher: Wiley Average Rating: Binding: Paperback Label: Wiley Number of Items: 1 Number of Pages: 272 Publication Date: June 23, 2005
Product Description: With lease options and subject-to deals, investors can control properties worth much more than what they could normally afford to purchase. The potential for profit is great and the costs of getting started are low.
This book shows novice investors how author Wendy Patton and thousands of other Americans--including well-known real estate developers and business moguls--use lease options and subject-to deals to control valuable property without necessarily owning it. The cost of purchasing an option or subject-to deal is a fraction of what it costs to buy a home. That's why these kinds of deals are typically found in every serious investor's portfolio. Sharing the secrets and strategies investors use to profit from low- and no-money-down deals, Patton gives investors all the information they need to succeed.
"Finally, a book that explains lease option and subject-to deals in depth and detail. This book is essential for anyone who wants to make money in real estate without using a lot of cash or taking on a lot of risk. A gold mine of great information." --Robert Shemin, New York Times bestselling author of Secrets of Buying and Selling Real Estate?Without Using Your Own Money!
"Few can rival Wendy's knowledge and experience with lease option and subject-to deals. This is a must-read for beginning and advanced investors and the real estate agents who serve them." --Gary Keller, New York Times bestselling author of The Millionaire Real Estate Investor
"The techniques Patton teaches here are invaluable--especially for working with Realtors and still getting properties for little- or no-money-down. The detail in this book will make you want to read every page." --Albert Lowry, PhD, New York Times bestselling author of How You Can Become Financially Independent by Investing in Real Estate
Infomercial on Real Estate Speculation This book is not for the regular guy on the street. If you are a Real Estate Speculator or want to be one then you need this book. If you love those late night Infomercials then this book is for you. If you've seen those pirate signs on poles that says "We buy homes" and wondering what that's all about then read this book. Investment by most definitions is a long term commitment, these are short term risky strategies, Which usually is termed Speculation. Note that most of the people giving this book a five star are Real Estate Speculators.
The basic strategy layed out in this book is to: Step 1. Find desparate, not so smart, home owners that are willing to give you money (huh?) for an option to buy their property at BELOW market price. Step 2. At the same time find desparate, not so smart, buyers that are willing to give you money to buy a property at ABOVE market price, huh?? The Subject To strategy also skirts the gray line between legal and illegal, there are disclaimers throughout the book. Its like buying a book on "How to get rich," and finding the statement "You can get rich by selling drugs, but selling drugs maybe illigal, consult an attorney"
If anyone can make this work then good for them. If the sellers and buyers were smart enough they wouldn't need you, they'd find each other. But for those that aren't smart then good for them. A Win-Win situation.
If you are thinking of actually investing in real estate for long term or leasing commercial property with option to purchase (as I am) then there are some good information in this book, to be taken with a grain of salt. And always consult an attorney.
An all aound picture of the Lease Option Method I really found a great deal of useful information in this book familiarizing and guiding the reader through the lease option concept. I was willing to give this book 5 stars if it wasn't for the poor writting style in the first few chapters and simplistic cost/profit worksheets. Overall lease option is well introduced but when it comes to list costs associated with acquiring a lease option property until selling it to a new owner there is no emphasis on major costs like transfer tax and title fees, etc. In other words if you do not do your own research and just thrust the worksheets in Wendy's book you might evaluate an investment as highly profitable while it is not much profit potential after associated transaction costs. However to be fair Wendy mentions a few times that a novice investor should not jump into any deal before consulting with a local real estate attorney.
Perfect for this market! After investing in real estate for the last 8 years using lease options and subject to deals, i was pleasantly surprised by this book. Wendy Patton packs this book full of great ideas and techniques for both the beginner as well as the advanced investor. Anyone wanting to buy real estate with little or no money down, must read this book. Byron Walker UltimateResultsNow.com
Lease options & subject to's Fight The Good Fight I've been to a Wendy Patton seminar. She is a great teacher. Her material on lease options and subject to's are excellent resources. With her it's not all about selling you a $5,000 course. She actually provides valuabe information for the price of the book. I can't say the same about some of the other real estate guru's.
Great Book! Great Author! This 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!
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