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...

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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

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Product Details

• Amazon Sales Rank: #74373 in Books
• Published on: 2005-06-23
• Original language: English
• Number of items: 1
• Binding: Paperback
• 272 pages

Features

• ISBN13: 9780471718369
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.
• Click here to view our Condition Guide and Shipping Prices

From the Back Cover
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

About the Author
WENDY PATTON is a licensed real estate broker and builder. She is the owner of Majestic Realty, LLC, of Southeast Michigan and has extensive experience in land development, property management, multifamily homes, pre-construction, rehabs, foreclosures, and lease options. She is one of the country's most sought-after speakers on little- or no-money-down real estate investing.

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Customer Reviews

"The Wendy" Trumps All with Lease Options!
Whether you want to focus on subject-to's or lease options exclusively, or you just want to add another plug-and-play strategy to your other real estate investment business model, this book must be on your desk (not up on your shelf)!

Wendy's strategies are for new and veteran investors alike. More importantly, Wendy's lease option strategies and tactics provide some cash now, cash flow now and later, and a big cash payload down the road. This book gives you the knowledge and tools to start building your cash pipeline this very day.

Take it from me, a dyed-in-the-wool rehabber/wholesaler, I should have started building my lease option cash pipeline years ago...imagine all the paydays along the way I would have had! But now you and I have no excuses, so Carpe Diem!

Factual detailed well written book.
This book provides an excellent insight into using a "lease option and sujbect to" method of acquiring and or controlling property. I believe this is a great way to help someone build a real estate investment portfolio. Wendy's book also contains check lists (page 111) and phone scripts which are very helpful. The check list alone was worth the price of the book. As an investor, if you enjoy the book and find it helpful, then Wendy Patton's training course is fantastic. I attended the course, and noted very qucikly that it is Wendy that teaches the course not a substitute. Also whenever she spoke about a document of any kind, you were provided a sample which adds to clairity of understanding. Her course also provided hands on time in actual homes. As a licensed builder and real estate agent, also investor, it is my personal opinion that Wendy Patton's class/training was one of the top two classes that I have attended over the last several years.

Very useful - but be wary of some broad assumptions
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.