This is the only lease-option book I'm aware of. On a scale of 1 to 10, it rates a 9. --Robert Bruss, syndicated columnist
Book Description
Editorial Reviews
Review
Lease-Purchase America!: Acquiring Real Estate in the '90s and Beyond is a first-of-its-kind book that provides a simple "nuts and bolts" approach to acquiring real estate. it explains how the lease-purchase technique can be used in real estate to more easily buy or sell a home. Lease-Purchase America! details the value of this technique from the perspective of each participant in the real estate transaction, including the greater flexibility and financial benefit it offers as it works to meet the needs and wants of each participant. Lease-Purchase America! includes valuable insight to lease-purchase as it is used in other markets (including a frank look at misconceptions and pitfalls). It then illustrates how the reader can (nd should) use lease-purchase successfully as a tool to achieve his or her real estate goals. -- Midwest Book Review
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Most Helpful Customer Reviews
15 of 15 people found the following review helpful:
4.0 out of 5 stars
The concepts work,
This review is from: Lease-Purchase America!: Acquiring Real Estate in the 90's and Beyond (Paperback)
I found Lease Purchase America very helpful and informative, and the concepts worked for me. I bought a real estate investment course which talked about the concepts of a lease with option to purchase, but there were still many gray areas left untouched. After reading Lease Purchase America, I was able to work out a deal on a four- family and get it with "no money down" (well, there was some money exchanged, but it came from my credit card in the form of the option payment, which the bank never knew about because I took out the mortgage loan a year later). I had the seller raise the price a little, and got a 50 percent rent credit. (The seller had to pay a little more in capital gains, but he still got full asking price--and without any real estate commission.) Since then, using the techniques, I've lease optioned a couple investment properties to others, getting full asking price. Ross explains lease options in simple detail for those getting started, and has many good ideas contained within his book; it really covers the nuts and bolts of buying and selling small properties with lease options. The only major problem with the book is that if you lend it to an investor friend, you might not see it again. (I'd give it 5 stars, but nothing is perfect.)
10 of 10 people found the following review helpful:
3.0 out of 5 stars
Good intentions, but missing real details.,
By A Customer
This review is from: Lease-Purchase America!: Acquiring Real Estate in the 90's and Beyond (Paperback)
I've personally been investing in real estate since December 1996 and have bought over a million dollars worth of houses and apartments with no money down techniques. For the past year or so I've been trying to piece together a lease-purchase concept to use to buy large properties, so I had hopes this book would bring everything together.(No one in my area knows how to do these things! Population 60,000!) Unfortunately, the book ended up being a nice story, kind of a pep-talk for the concept. Some surface details were given about how much to get up front, what kind of ad might lead to a good prospect, etc., but no real substance like sample contract agreements, legal or tax considerations, what happens if the lease- purchasers back out and decide to sue you to get their option money back,-- all the real world details that seriously matter when trying to put these deals together. I'm going to give Mr. Ross the benefit-of-the-doubt and assume he really meant well when writing this book, but thank goodness it only costs $7-8, because it seriously lacks the real substance and technical details you need to get started.
8 of 8 people found the following review helpful:
5.0 out of 5 stars
Lease Purchase Success,
By A Customer
This review is from: Lease-Purchase America!: Acquiring Real Estate in the 90's and Beyond (Paperback)
I have spent thousands of dollars on dozens of books and home study courses on how to get rich in real estate. I have found that the concepts and methods in Lease Purchase America are by for the simplest and easiest I have ever tried. I read the entire book in just a few hours and applied what I learned the next day on a property I had already made several offers on. I've made more money in three weeks than I had made in the previous year. Lease Purchase is now my full time business and I will never buy propeties any other way again. Everything I needed to know was in the book including a word for word presentation for buyers and sellers. The only way this does not work is if you don't do it. Thank you John Ross.
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