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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
 
 
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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 [Paperback]

Wendy Patton (Author)
4.5 out of 5 stars  See all reviews (43 customer reviews)

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Book Description

June 23, 2005
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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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 + How to Make Money With Real Estate Options: Low-Cost, Low-Risk, High-Profit Strategies for Controlling Undervalued Property....Without the Burdens of Ownership! + The Pre-Foreclosure Property Investor's Kit: How to Make Money Buying Distressed Real Estate -- Before the Public Auction
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Editorial Reviews

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.

Product Details

  • Paperback: 272 pages
  • Publisher: Wiley; 1 edition (June 23, 2005)
  • Language: English
  • ISBN-10: 047171836X
  • ISBN-13: 978-0471718369
  • Product Dimensions: 9.1 x 6 x 0.8 inches
  • Shipping Weight: 11.2 ounces (View shipping rates and policies)
  • Average Customer Review: 4.5 out of 5 stars  See all reviews (43 customer reviews)
  • Amazon Best Sellers Rank: #25,565 in Books (See Top 100 in Books)

More About the Author

Wendy Patton is widely recognized as one of the most inspiring speakers on "Little or No Money Down" real estate investing. Her real estate savvy, great depth of experience and viable knowledge has helped her in orchestrating the most complete and easy to follow Lease Option & Subject To program in the country.

After graduating from the University of Colorado, Wendy went to work for EDS, (Electronic Data Systems). Soon after, she had an enlightening experience in real estate (lease/option) and walked away from her corporate job to focus her efforts on real estate investing full-time.

Wendy is a licensed Real Estate Broker in 3 states and licensed builder in Michigan. Wendy has extensive experience in lease options, subject to's, land development, property management, rehabs, foreclosures, new construction and pre-construction with lease options being her favorites. With over 24 successful years in general real estate and hundreds of transactions using Lease Options, she is the country's leading expert on lease options and working with Realtors to acquire lease option deals. Wendy loves to teach others and assist them to achieve the same level of success that she has personally experienced.

Wendy Patton is a published author and well known public speaker. Her first book is titled Investing in Real Estate with Lease Options and Subject To Deals and has received rave reviews on Amazon.com and other real estate investor websites. Her second book was immediately a #1 Best Seller on Amazon.com. How to Make Hard Cash in a Soft Real Estate Market , co-written with her business partner, Justin Ryan has since been consistently in the top 10 on Amazon.com for Real Estate books. She also recently appeared on HGTV's, My House IS Worth What? Her newest books, Rent To Sell and Rent To Buy are just hitting the bookshelves.

Customer Reviews

Most Helpful Customer Reviews
29 of 32 people found the following review helpful
Format:Paperback
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!
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28 of 31 people found the following review helpful
Format:Paperback
Wendy's book is an excellent primer for beginners wondering "How do all these investors buy houses with no money down?"

I'm here to tell you I learned these techniques from Wendy several years ago and haven't looked back since. I literally have to turn down some homeowners begging to give their houses to me. I only wish this book had been available to me several years ago.

"Investing in Real Estate With Lease Options and 'Subject-To' Deals" by Wendy Patton is one of the few books you'll find at booksellers like Amazon.com that covers "Subject To" techniques in any depth at all. She covers everything from how to find them to how to sell them - complete with checklists and valuable tips learned from hardwon experience.

I've learned more from this one book than from going to some expensive ($2000+) weekend seminars. Although there are limits to how much one author can cover completely within the pages of just one book, Wendy holds nothing back in my estimation.

Although the author includes many advanced strategies for experienced investors, she doesn't leave beginners wondering what in the world she's talking about either.

If you're looing for a good, solid, informative, and well written book on creative real estate strategies, this is the first book I would recommend buying.

And what's so fun about this business is that this book is only the tip of the iceberg! Highly recommended! Well done, Wendy!
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28 of 32 people found the following review helpful
Format:Paperback
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.
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Most Recent Customer Reviews
Never received
Have not as yet received the book which I ordered about a month ago. What do I do now?
Published 20 months ago by Nothing
Wendy Patton
This book is a wealth of creative real estate investing information. I've read more than just a few books on the subject and I can say from personal experience that Wendy Patton... Read more
Published 20 months ago by Gary J. Wallace
I Know Wendy Well - Excellent Book
Customer Video Review
Length: 1:50 Mins
Published 21 months ago by WholesalingLeaseOptions
Very Good Information From Top Expert
This is a very good comprehensive book for beginners or seasoned real estate investors who focus on lease options as part of their strategy. I highly recommend this book. Read more
Published 22 months ago by Jack Eller
Great information
Wendy's book is packed full of important information about lease options. I read it and then went back to specific parts as I implemented my first lease option. Read more
Published 23 months ago by Susan R. Mandolini
Is it Fraud or Conspiracy or Both?
Considering that virtually all mortgages have due on sale clauses, and it is a deception of the lender if the property is sold without notifying the lender, how is this not... Read more
Published 23 months ago by Olen B. Soifer
Investing in Real Estate With Lease Options and "Subject-To" Deals :...
Great Book. Wendy is the Queen of lease options, having done hundreds of them in her career. If lease options is something you want to learn, this is a great book to Read.
Published on May 18, 2010 by D. Guerra
Great book on lease options
I really enjoyed the book and the info Wendy presented on `lease options' and `subject to' transactions. In the past I have used hard money to buy and rehab homes. Read more
Published on April 5, 2010 by B. Mecham
One Of The Most Informative Real Estate Books I Have Read Thus Far
I absolutely love this book.I received it within a week of ordering it. I ordered it directly from Wendy's office in Michigan. Read more
Published on January 21, 2010 by Bobby Norward
Good book
A must read if you are planning on getting into this area of investing. Author is alos highlighted in Gary Kellers Millionaire Real Estate Investor.
Published on November 15, 2009 by B. Perry
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Inside This Book (learn more)
First Sentence:
Lease options and subject-tos are ways to purchase real estate, usually with very little or no money down, sometimes even with money back in the investor's pocket. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
wendy patton, lease option sellers, how lease options, lease option deal, finding motivated sellers, escrow balance, option fee, paperwork ready, owner folder, tenant file, paint disclosure, option credits, real estate investing, appreciation rate, accountability partner, option agreement, real estate course, sale clause, profit requirement, additional insured, option premium, option period, monthly cash flow
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Negotiating the Deal, Majestic Realty, Evaluating the Profitability of the Deal, Expected Profit, Income Sources Current, Trust Property, Step-by-Step Action Plan, Pre-Paid Legal, Success Stories of Buying, Closing Deals, Affidavit of Liens, Pitney Bowes, Purchase Costs Balance, Purchase Costs Purchase, Profitability Worksheet Lease Option Example, Profitability Worksheet Subject-To Example
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