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
User Ratings and Reviews
5 Stars Good Book for Real Estate Investing in 2009
Recently I finished reading Investing in Real Estate with Lease Options and Subject-To Deals by Wendy Patton. In this book Wendy Patton explains what a lease option is and how to buy and sell real estate using lease options. She also covers how to buy property “subject-to” the existing financing without using your own money or credit. She reveals how to work with realtors to find these deals and how to sell properties using lease options.
The best part of her book is that it includes an action plan to help you get started. Wendy gives you a complete business plan to earn $120,000 in one year from real estate investing using the strategies in her book. She even tells you how to set up your office. Using her plan as a guide I was able to write my own business plan for the first quarter of 2009. If you’re interested in doing something with real estate investing this year, I recommend that you read Wendy’s book.
2 Stars 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.
4 Stars 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.
5 Stars Best book on the subject I’ve ever read.
Pretty much all REI books are advertisements for expensive course studies and/or bootcamps. There really isn’t any way to really teach someone to be a successful investor without intensive training and mentoring so you can’t expect much more than that. And while this book isn’t any different, the author’s obvious experience and valuable insight is tremendously informative on the “no money down” side of real estate.
After reading Conti and Finkel’s “Buying Real Estate without Cash or Credit” I can much more appreciate Wendy Patton’s honest style. Rather than lying about fictitious success stories or trying to make the reader feel like a helpless idiot, she explains her path to success, provides lessons she’s learned along the way, and lays out a plan that most anyone can follow.
If you’re looking for a book that has the complete package and will give you all of the necessary tools to become a successful RE investor, give up. It doesn’t exist and can’t exist. If you’re curious about “no money down” investing and want a great place to start, I highly recommend you start here.
4 Stars 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
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