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| | Location: Home » Foreclosures » All Amazon Upgrade » 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 | November 23, 2008 |
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| 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 | 
 enlarge | Author: Wendy Patton
Publisher: Wiley
Category: Book
List Price: $21.95
Buy New: $10.97
You Save: $10.98 (50%)
Buy New/Used from $10.93
Avg. Customer Rating:  (28 reviews)
Sales Rank: 18129
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Number Of Items: 1
Pages: 272
Shipping Weight (lbs): 0.8
Dimensions (in): 8.9 x 6 x 0.8
ISBN: 047171836X
Dewey Decimal Number: 332.63240973
EAN: 9780471718369
ASIN: 047171836X
Publication Date: June 23, 2005
Availability: Usually ships in 1-2 business days
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| Customer Reviews:
 Great Book On The Subject -- A Buy Recommend May 22, 2007
1 out of 1 found this review helpful
First let me say that from all I can tell I believe the author, Wendy Patton, to be a woman of integrity who earnestly believes in the investing techniques she writes about. While I don't "know" Ms. Patton, I do know people who know and respect her, and from all I hear she's the "real deal". She is an active investor who is actually "in the trenches" so you can expect that whatever she has to say on the subject must have some merit.
I honestly can't say that I found anything "wrong" with the book, however I do feel that it might come off as somewhat overwhelming to the new, or inexperienced real estate investor. This is definitely an intermediate level book in my opinion (at the least) and not the place to start to learn about real estate investing. Also, I feel that the book is more heavily weighted towards the buy side of the investing equation, with not as much attention to the operational, or ownership side of the equation.
That said, in answer to the question, "Should you buy this book?" - I unequivocally say YES. It is crammed with good, workable, creative financing advice -- just be prepared for "a lot of stuff," so don't become overwhelmed. If you are serious about learning creative financing techniques then this should be in your library.
In the spirit of full disclosure, I should say that I am an attorney, real estate broker, investor, trainer, and author of another book on lease-option investing that can also be found here on Amazon -- The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses: The Foolproof Roadmap to Real Estate Riches Without the Risks and Hassles of Landlording It's part of the "WealthLoop Series" and can be found by searching for "WealthLoop" under books. It is written to be a genuine "How To" book that "takes you by the hand" and walks you through a step-by-step process for getting started in real estate investing that also includes sample leases, forms, and checklists, so that you can actually go out and implement the investing strategy it teaches as soon as you're done reading. You might want to check out the CD too -- The WealthLoop Series Beginner's Guide to Building Wealth Buying Houses (Combo Audio/Data CD): Author's Audio Commentary Plus Downloadable 32-page Marketing Manual, Checklists, Spreadsheets, and Forms.
Wendy Patton has written a very good book and I would suggest that you buy it.
Great book - learnt so muc April 11, 2007
3 out of 5 found this review helpful
Excellent book. Must be re-read several times. I have seen Wendy speak and she does a great book in the book. Not only about lease-options & subject-to's but also about organizing your business. Great book. Couldn't put it down.
details January 10, 2007
4 out of 6 found this review helpful
This is the best book I have bought on the subject.The details are great,anyone can teach the concepts, but she makes a difference by detailing the procedure.
 USEFUL November 21, 2006
7 out of 8 found this review helpful
Useful book that covers strategies on how to get lease options, specifically on how to negotiate your contracts. This is definitely something that's happening now in a buyer's market (less buyers = more lease options).
Other real estate books to recommend:
Investing, Without Losing - Guide to Real Estate Tax Liens
(ISBN 0978834607 - NOT on amazn on other stores)
Very useful - but be wary of some broad assumptions November 20, 2006
12 out of 13 found this review helpful
This book is a great one to get you acquainted with lease-options and subject-to's. Wendy takes you step by step through the process, and also gives you checklists to refer to as you put your deal together. She does however make some broad assumptions from time to time about when either type of contract is beneficial and why. For example, she mentions that owners with good credit are more likely to entertain a lease-option than a subject-to. This is not always the case. Sometimes owners with bad credit are looking for a "leg up", but don't want to surrender title. In that case, they actually might prefer a lease-option. Also in my experience, many owners with good credit prefer a subject-to because they want their name off the title, but don't want to deal with the tax hit of selling the property outright, right now. If they enter a subject-to, they can have their mortgage payments made by the investor, and give them time to have the property reclassified from "primary residence" to "investment property". They can then do 1031 exchanges tax free once the investor is ready to close (usually more than 1-2 years down the line.
Overall though, this book is a must if you want to learn about the ins and outs of lease-options and subject-tos.
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