The TurnKey Investor's "Subject To" Mortgage Handbook: The Art & Science of Buying Investment Property by Taking Over Mortgages! [Paperback]

Matthew S. Chan (Author)

Book Description

Publication Date: June 6, 2005

"IMAGINE BUYING INVESTMENT PROPERTY WITHOUT QUALIFYING FOR MORTGAGES!" The most common obstacle for any investor wanting to buy investment property is getting financing. Bankers say if you want to buy investment property, the only way you can finance it is to have a large down payment and qualify for a mortgage. But that is only one way of buying property, THE HARD WAY! Another way of buying investment property is to have sellers call you and provide you with financing that you do not have to qualify for! This exciting way of acquiring investment property uses an uncommonly used seller-financing technique known as the "subject to" mortgage. Instead of qualifying for new mortgages, you will learn how to buy investment property by safely and legally taking over existing mortgages! This one-of-a-kind handbook will teach you the art and science of buying investment property from qualified sellers using "subject to" mortgage financing. "WHAT YOUR MORTGAGE BROKER WILL NEVER TELL YOU!" You will learn how to: * Safely use "subject to" mortgages to buy investment property! * Legally take over and manage other people s mortgages! * Find qualified sellers to call you to buy their property! * Respond to sellers questions to develop rapport and earn their trust! * Analyze and determine which deals are best for a "subject to" deal! * Set up "subject to" closings so that they are fully accepted in your area! The TurnKey Investor s "Subject To" Mortgage Handbook is a real estate finance book like no other. It goes against what the traditional lending and financial communities teach and is sure to upset the establishment. This book is only for independent-minded investors who want to learn how to take control of their real estate financing and investment portfolio, not for blind followers of "banker s rules".

Editorial Reviews

From the Publisher

This exciting new book is in Oversized Manual book format. It contains information not found in any business paperback book (to date) except in real estate courses costing hundreds of dollars.

For the first time, this type of "inside information" of "subject to" mortgage transactions are being provided to the general public in a professional and realistic way. This book does NOT cater to the "no money down" or "no credit" audience despite the fact that using the "subject to" mortgage financing technique requires no credit.

This book is NOT recommended for the beginning investor as the demands for doing "subject to" mortgage transactions require a greater degree of prerequisite knowledge and experience. This book is for the intermediate investor who wishes to expand their financing possibilities in building their own property portfolio.

Accompanying the book are supplementary reading material and accompanying support website.

From the Author

Matthew Chan is the author of several real estate investment books, "TurnKey Investing with Lease-Options", "The TurnKey Investor’s ‘Subject To’ Mortgage Handbook", "The TurnKey Investor's Lease-Option Documents Collection", and "The TurnKey Investor's Essential Lease-Option Lessons". These books teach independent-minded investors how to buy and generate cash flow from investment property .

Matthew has been involved with investment real estate through family rental property since he was a teen-ager! After spending ten years in Corporate America, Matthew escaped to become a successful entrepreneur at the age of 29. A few short years later, he started his own investment real estate portfolio. Today, that highly profitable and expanding portfolio consistently generates spendable cash flow for himself and his investment partners.

Along with launching new book projects and speaking with new investment partners, Matthew continues to oversee the management of his Internet businesses and his real estate management company.

Matthew continues to enjoy the freedom of spending time working only on projects and investments with people he likes. His business and investment interests continue to take him across the U.S. where he frequently meets and networks with new people.

Matthew is also the author of "TurnKey Investing with Lease-Options" and "The Intrepid Way" book series. That book series teaches employees how to leave the confines of the corporate world through entrepreneurship.

Matthew’s educational background includes a Bachelor of Science in Business Administration from University of Central Florida, and a Masters of Business Administration from Webster University.

See all Editorial Reviews

Product Details

• Paperback: 236 pages
• Publisher: Ascend Beyond Publishing (June 6, 2005)
• Language: English
• ISBN-10: 0971394741
• ISBN-13: 978-0971394742
• Product Dimensions: 10.9 x 8.5 x 0.6 inches
• Shipping Weight: 1.5 pounds (View shipping rates and policies)
• Average Customer Review: 4.3 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #1,223,007 in Books (See Top 100 in Books)

More About the Author

Matthew Chan is president of Ascend Beyond Publishing and Tempest Broadcasting. In publishing, Matthew is the author of several business books and business audio programs. They include "The TurnKey Publisher" Series, "The TurnKey Investor" Series, and The Intrepid Way.

In broadcasting, Matthew is the Executive Producer for Tempest Broadcasting, a web-based media network specializing in video publishing, video marketing, and video syndication for businesses. As Executive Producer, Matthew works closely with business owners to create, syndicate, host, and broadcast their own unique branded educational shows throughout the Internet.

In addition to his media business interests, Matthew is a seasoned real estate investor and continues to oversee the property management of his and his investment partners real estate investment properties.

Because of his extensive technical skills with computers, Internet, and other technologies, Matthew integrates and incorporates those skills into every business venture he works and consults on. Matthew synthesizes that expertise into "Web Domination Strategies" that organically move unknown and obscure businesses to high Internet presence and search engine profiles. Matthew has consulted for a wide-variety of businesses and industries.

Matthew's educational background includes a Bachelor of Science in Business Administration from University of Central Florida, and a Masters of Business Administration from Webster University.

Matthew can be found at MatthewChan.com. Ascend Beyond Publishing can be found at AscendBeyond.com. Tempest Broadcasting can be found at TempestBroadcasting.com.

Customer Reviews

Most Helpful Customer Reviews

22 of 23 people found the following review helpful:

2.0 out of 5 stars Fluff, Fluff and More Fluff, August 21, 2006

By 

Jason E. Francis "JfrancisUF" (Tampa, FL) - See all my reviews
(REAL NAME)   

This review is from: The TurnKey Investor's "Subject To" Mortgage Handbook: The Art & Science of Buying Investment Property by Taking Over Mortgages! (Paperback)

I bought this book because it seemed like it was "THE" subject-to investment guide. I've read a lot of real estate investment books and most breifly touch on the subject without going into details. Well I am at the point in my investment career that I need a little more substance when it comes to the investment process. This book was fluff. Like most other RE books it explained basic principles of real estate, finding urgent sellers, doing due diligence on the property but never went into the hard core details about the subject and didn't give a step by step guide to completing the deal. There were 3 sample forms and they had nothing to do with the actual process of closing a subject to deal.

To compound the matter, many parts of this book seem to be copied and pasted multiple times. I would read a paragraph and look back, only to find the same paragraph. SAME WORDING. The type in this book has to be 14 point and by the way, it's all double spaced. I actually got this book today and have read it already.

I wouldn't be as mad if this book didn't cost as much as it did. I feel a little ripped off. This book is definitely marketed as a "hard-core investment guide" but after reading a couple pages you realize it is for people that just want to read about investing and don't need the details or guidance to actually carry it out.

8 of 9 people found the following review helpful:

5.0 out of 5 stars A comprehensive and definitive resource on Subject To, November 24, 2005

By 

Dean Edelson (Sedona, AZ USA) - See all my reviews

This review is from: The TurnKey Investor's "Subject To" Mortgage Handbook: The Art & Science of Buying Investment Property by Taking Over Mortgages! (Paperback)

Like Matthew's other fantastic books, this one hits the nail on the head. 'The Subject To Mortgage Handbook' is a comprehensive, well written, step by step guide for anyone interested in learning and perfecting the art of buying homes by taking over mortgage payments.

As someone who buys lots of houses Subject To, I found this book extremely helpful and resourceful. It's evident that Matthew is adept at this form of creative financing, and not just someone who researches a topic and writes about it. Matthew is out there doing deals day in and day out...he writes from experience. There are countless nuances and distinctions in the text...distinctions only a very experienced real estate investor would know.

I highly recommend this book. And don't forget the companion CD's...also a must. Thanks again for sharing your wealth and breadth of knowledge, Matthew.

5 of 6 people found the following review helpful:

5.0 out of 5 stars An Excellent Handbook for Professionals!, January 4, 2007

By 

Glenda A Bixler "Glenda" (Pennsylvania) - See all my reviews
(VINE VOICE)   

This review is from: The TurnKey Investor's "Subject To" Mortgage Handbook: The Art & Science of Buying Investment Property by Taking Over Mortgages! (Paperback)

Matthew Chan's latest book for TurnKey Investors is for experienced investors who "wish to expand their financial repertoire by utilizing the `subject to' mortgage." (p.5) This review is based upon that guiding principle inasmuch as I, myself, am not one of those experienced investors, though my background was in directing lease management for a major educational institution. I therefore have a basic understanding of the logic behind and in real estate activities.

I believe this is an important point to emphasize. Why? Because as I began to read, I found myself uncomfortable with the concept being presented. Specifically, "subject to" mortgage investing is a method of acquiring property by taking title and possession of real estate, but leaving the seller's existing loan in place--a form of seller financing. It is to the author's credit that he immediately identifies this as a problem for inexperienced readers.

Therefore, Chan confronts the issue! After explaining the primary fundamentals or activities of acquiring property through this process, in Chapter 3 he provides an excellent source of references for readers to confirm the "legitimacy" of the process, including examples of forms used by the U.S. Department of Housing and Urban Development.

Having read several of Chan's reference books and after sufficiently negating my earlier qualms, I settled back to be "trained." Certainly Chan has the intelligence, experience and knowledge to write books in his professional field. However, I have found that Chan has also developed an excellent teaching skill by which he uses his writing for effective training purposes. Investors or property managers should feel comfortable asking their own staff to learn and begin using the "subject" to mortgage transaction based upon using Chan's handbook. Let's see what he has to tell us!

First, knowing that this is a little-known and little-used process, Chan advertises its availability--"we buy houses fast." This catches the eye of those needing to sell their hours fast! What that means is that a target audience is usually available. Why? Because there are always those individuals who have just changed jobs and therefore need to relocate quickly. Or there are those individuals who sadly face divorce or the loss of a loved one and find that they can no longer pay the high mortgage costs. For whatever reason, needing to sell property quickly is oftentimes a traumatic experience. And, for many, waiting for financial institutions or real estate agencies just isn't the answer. Having personally been in this situation, I must admit I looked favorably at this option once I realized how it worked. Because I had lost my job and knew I could not keep up my mortgage payments as a single professional woman, I immediately posted my home for sale. It was a nightmare as I first had to "fix" one thing after another and then wait for someone who might "happen" to come along and want to buy my home. It was just serendipity that I was able to acquire a small cabin in a nearby state and maneuver each activity to be able to both sell and buy another home as well as relocate within the time allotted; i.e., by when I would receive my last pay check!

Matthew Chan could have offered me a much simpler option! And his book includes pictures of the wide variety of houses that they have acquired through the "subject to" mortgage process. In essence, Chan's company would have taken over my former home as property managers, using the loan I already had in place. Now, individuals considering this option would need to understand quickly that they would continue to have an outstanding mortgage loan in their name. But somebody else would be paying that bill. And somebody else would have total control of the property.

In essence, then, the seller in the position of having to quickly relocate has a little-known option if there are individual investors willing to handle their property. The Turnkey Investor's program has the ability to do this...and then use your former property to enter into a lease-option activity with another individual.

I've personalized this review to ensure that individuals who may hear of this process will understand its potential in their own lives. However, the book, for the professional, includes all the many details necessary to ensure that they are able to handle a "subject to" mortgage investment if or when the opportunity arises. It takes a professional agency willing to help individual property owners. At the same time, the agency must have already invested sufficient research and experience in their field to make the process work within their agency. For those professionals wishing to consider "subject to" mortgage investing, this book is a must-read!