Customer Reviews

TurnKey Investing with Lease-Options: How to Simply & Safely Create 12% Returns with Investment Property!

5 star:		(10)
4 star:		(0)
3 star:		(0)
2 star:		(3)
1 star:		(0)

 

 

I was expecting a turn key guide - I just didn't see it in this book. This book had some good info but not detailed enough for me - a lot of high level, basic, common sense information. I have been a landlord for many years and own many properties. I wanted to use this book to tap into the lease-options market - I will need to keep researching. I am actually a little upset I purchased this book - it was too expensive for what I got.

I expected a lot more out of this book. Granted, this is about the only "book" out there that discusses lease-options but it still left a lot to be desired. Most "gurus" charge a lot more for their courses than you will spend on a book, but I still expected that this book would do a better job of explaining transactions and give better guidance. I hoped he would add something that can't be found on about any real estate investing website. Instead there is a lot of empty space on the pages and simple common ordinary advice that I could have got from my own mother (who knows nothing about real estate investing). There is very little meat and not a lot of good examples. Maybe he meant it to be that way as he says in one of the early chapters that it is not meant to be technical or all inclusive but is only written for practical guidance. I actually didn't find it of any practical help as no where does he say how he arrives at his option consideration. What is he looking for in an option? How much is enough? Does he give the tenant any credit from the rent payments? He doesn't say. If not, why not? I had a hard time figuring out his overall approach. Maybe he wants the reader to buy more of his products to find out. I really am bewildered by the book and get the feeling it is written so that you will buy more from his website.

I found this to be a pretty expensive book, considering the information conveyed. It offers some valuable tidbits and I always gain new information, so it was not a total waste. However, my opinion is that the books by authors such as Robert Shemin, Irene and Mike Milin, and Andrew McLean and Gary Eldred gave me much more bang for the buck even though they weren't focused solely on lease/options. I was looking for a "turnkey" guide, and in my opinion, this is not it. It doesn't even have any example lease or option forms, which would seem to be quite helpful in a "turnkey" package. Of course, they will soon be available on their website for more $$$$. Also, each chapter ends with two pages of six questions which were basically useless to give the book more heft.

However, in giving credit where it is due, it appears that the author has quite a portfolio of homes on his website and is actually making money at what he does. That's more than can be said for a lot of authors who are out giving seminars on how to make money in real estate. The book is worth reading, but I'd probably start somewhere else first.

After reading TurnKey Investing with Lease Options I came to a quick conclusion that this book will undoubtedly become required reading for anyone who wants to become a professional real estate investor.

Matthew shares with us the Real Deal with lease options, from the figures to how he makes `problem' management issues a breeze! He has also shown how to create total Financial Freedom with his TurnKey Investing strategy, and how it is achievable for everyone and anyone! This book is perfect for the new investor to the seasoned pro.

So read this book and see how TurnKey Investing really is Safe, Secure, Simple and PROFITABLE!!!!

Excellent reading!! Five Stars!!!

Matthew Chan has given us a complete soup-to-nuts blueprint for turning your single family home rental business into a hands-off landlord-free lease-option money machine. This book truly gives you EVERYTHING you need to find, market, systematize, and make huge cashflow and back-end profits with lease-optioning. Get cash down 'option' money upfront from your tenant buyers. Automate your systems and paperwork. Learn how to advertise for tenant-buyers. It's all here. I wish I had this book when I started investing in real estate.

Matthew Chan's Turnkey Investing is a great resource for those of us who are looking to break into real estate investing. In the book Matthew Chan covers some of the most important aspects of his real estate investing strategy so that the investor can invest safely and successfully. With Matthew's sensible and practical explanations he gives the reader a better understanding of his style of real estate investing. Unlike many of the "get rich quick" books out on the market Matthew Chan's Turnkey investing has a plethora of usable content.

I actually was a big fan of using lease options before i ever read this book. I thought i knew it all when it came to lease options and the different ways to buy properties using this method. Well, guess what...I was very wrong. I actually found this book by accident and decided to give it try. I mean another book on lease options...WOW. Then i started reading the first page, the first page became the 7th page and so on. Next thing you know i was reading the entire book. THis book has changed my life and my business. I am a fellow investor and the information from this book changed the way i looked at lease options. Matthews book shows you exactly why they are number 1 for lease options in there area. His ideas are cutting edge, yet explained so that a 5 year old can understand them. Unlike many writers who claim to be investors, Matthew is a investor turned writer. One of the best features i found was that matthew broke down the mindset of different teants. By knowing the mindset of your tenant this gives you a hugh advantage of the compitition. This book helped me to reach a new level of understanding and a new level for my business. LOL, if he keeps writing books like this then he may have to start a fan club. So, in ending if you want a book that shows in detail the art of selling on a lease option and creating a steady cash flow every month, then please check this book out. I promise you will love it and if you dont then you have missed out.

With contributions by Wes Weaver, professional real estate investor and property manager Matthew S. Chan has creative "TurnKey Investing with Lease-Options: How To Simply & Safely create 12% Returns With Investment Property!" a comprehensive, "reader friendly", instructive introduction on creating, investing, and managing a profitable real estate portfolio utilizing Lease-Option. Readers will learn how Lease-Options work to simply and safely build an investment portfolio; how to generate steady, spendable cash flow through Lease-Options; finding the right real estate market to safely invest in for a reliable return; profitably manage properties while avoiding ongoing maintenance expenses eating into the bottom line; recruiting the right management team to build and guard a real estate based investment portfolio; even how to invest in a Lease Option investment strategy without the necessity of owning property. Superbly organized, informed and informative, Matthew Chan's "TurnKey Investing with Lease-Options" should be considered a mandatory study and on-going reference guide by anyone aspiring to make money consistently and reliably in today's volatile and competitive real estate market through the utilization of Lease-Option strategies.

If I were still working, I would be reading Turnkey Investing with Lease-Options as I would an excellent novel! Indeed, I was not only impressed with this book; I was amazed! The main reason for my careful review of this book was that I read it wearing two former hats. One was as the experienced lease manager for a land-grant university but, more importantly, the other as a young single professional woman who had entered into a lease-purchase arrangement when I decided to buy a condo many years ago.

Even though I was already managing leased space for the university, when I decided to purchase a condo, I was not prepared for the trauma of having to face a major financial burden with no support. My mother was living with me at the time, but I knew the little money she provided would not continue through the life of the mortgage. Additionally, although I had been promoted on an ongoing basis, and expected another promotion in the near future, I had no savings or verification that I would be able to meet mortgage payments. Fortunately, my landlord wanted to get the last unit sold in this complex and offered to allow all rent payments to go toward an ultimate down payment on the actual purchase price.

If you are in a similar situation-buy this book. It is not necessarily intended for the potential new property owner; however, it provides a lot of essential information you need to know as you consider this option. For instance, for years, I sat in my new condo with nothing on my walls, no pictures, and no decorations-because my landlord had told me this wasn't permitted. Such a little thing, but I grew to hate those bare walls and, finally, even though feeling guilty, pounded the first nail toward making that house a home! With this book, I would have been in a position to question and negotiate what I could have done in this place I intended to make my long-term home! Indeed, the acquisition of a home via lease option is based upon accepting a home, essentially as-is with the ability to improve and upgrade the building as if it were already owned.

At the same time, even though this book is written for a specific geographical area, the philosophy, the management direction, and the presentation itself all provide an excellent learning tool for an individual who has been given any type of property management responsibility, no matter where that property is located. In addition to thoroughly describing lease-options, the book covers how to research the market, purchasing, preparing, marketing and finding the right tenants. The excellent ideas used herein can be easily translated for use in any type of real estate transactions.

And, finally, if I were a potential real estate investor, not having already committed to my retirement plan, I would be in contact with Mr. Chan immediately! Why? This book shows exactly what I as an investor need to know to make the decision to consider real estate as an investment. And, what's more, he proves his claims with sufficient facts and figures that you can believe. That's a major accomplishment for those who are reticent to invest in anything that has some risk.

Mr. Chan's book is perhaps one of the best written books of its type. Using the traditional training method, he first gives an outline of what he is going to explain and teach and then he repeats each item, both times providing specific details, but also anticipating any questions that might evolve based upon his presentation. You can tell immediately that the author speaks with authority, based upon knowledge and experience, readily confessing to trial-and-error issues.

Mr. Chan opens his book with recommendations from those who are involved in considering investment options. By the time you finish the book, you will have gained a certain trust for the company and its team. However, assuming you are not in a position to invest directly with TurnKey Investing, this book provides sufficient details for you to learn about real estate investments. Specifically, the use of conventional financing through a bank, versus private financing, versus seller financing is explained. The author is open and quick to point out that the best financial gain is through the use of cash/private financing. However, the use of bank financing is also explained and the returns of each are explored thoroughly. For a potential real estate investor, Turnkey Investing is worth every penny of its purchase price.

I think the real value of the book, however, is for those who are interested in getting into the real estate business using lease-options. Turnkey Investing defines a market and stays with it-specifically to serve the thousands, if not millions, of people across the United States who wish to own a home but are not able to gain financial backing through the normal process, especially in the early years of their adult lives. Lease-option is an important contribution in today's world of turmoil and insecurity. It provides a no-lose option to those who are now renting without any future return on those funds. At the same time, it provides an opportunity for houses to move faster on the market and a way by which a landlord or property manager can respond in a cost-effective as well as profitable manner.

Finally, as a long-time planner and manager, I was most impressed with this company's use of Kaisen. This Japanese concept is the belief in making small, ongoing improvements to a business system. A review of their online activities which allows practically everything to be done online to apply for a home, the use of a hot-line as a means of dispensing valuable information and basic management decisions to expedite efficient use of their teams' time is a delight to see in practice! Even if you have absolutely no interest in real estate, if you are a planner or manager, study the book to absorb what can be learned from this efficient and effective team!

The TurnKey Investor's Essential Lease-Option Lessons as well as CD audio programs and a Documents Collection supplement this book. However, this first book, TurnKey Investing with Lease-Options, easily stands alone as a major real estate manual. It's a Must Read for property managers, landlords interested in upgrading their activities, as well as real estate agents, lease managers and others who are interested in this major and profitable business!

It's great to have someone put out the details of how to truly build significant income layers while avoiding the many pitfalls associated with rental properties.

In this book, Matthew points out some of the traditional problems associated with rental property, and how to avoid those while at the same time bringing in MORE MONEY!

Just when you think it sounds a little too good to be true, Matthew backs up his information with true life scenarios and even ultra-conservative examples. As he mentions, many actual transactions go much better when executed in the real world.

Matthew and his contributor (Wes Weaver) have helped start my real-estate investing out on the right track!