TheTurnkey Investor’s “Subject To” Mortgage Handbook
Matthew S. Chan
Paperback: 242 pages
ISBN: 0971394741
Publisher: Ascend Beyond Publishing
Take an investment
property subject that’s potentially challenging to grasp, get an expert
investor to explain it, and what do you have? Matthew S. Chan’s
simple-to-understand book, The Turnkey Investor’s “Subject To” Mortgage
Handbook. The author does a superb job of explaining what “subject to”
means, how and when it applies, and how it can benefit both buyer and
seller. Risks and advantages are explained in great detail – nothing’s left
out. Chan even cautions against misusing this method. Only ethical, honest
investors and sellers need apply!
What is “subject to?” To get
the full picture, you’ll have to read the book, of course, but in short,
it’s a form of seller-financing. It’s a specific technique for buying and
financing property subject to the terms of the existing loan. It’s a way for
experienced investors to build their portfolio of properties much faster
and, in most cases, more cost-effectively.
Right from the start, Chan
emphasizes that this book is written for the experienced, not
beginning, investor. It’s easy to see why. The “subject to” technique is not
for everyone. In significant ways, it differs from a typical real estate
transaction, requiring greater knowledge of real estate and mortgage laws,
sound business sense, strong ethics, and the ability to negotiate fair terms
for everyone involved. So if you’re a beginning investor, this book isn’t
for you.
But if you’re an experienced
property investor, then you’ll find the technique outlined in The Turnkey
Investor’s “Subject To” Mortgage Handbook intriguing and very possibly
appealing. Chan guides you step by step through the ins and outs of “subject
to.” The writing is so lucid that even someone without a financial or real
estate background can understand the concept. Because it’s a fairly advanced
method, though, try it only if you’re an advanced investor.
Chan carefully explains cases
when “subject to” provides a win-win situation for buyer and seller alike.
For a seller who faces foreclosure, for example, a “subject to” transaction
can be a lifesaver. For a serious investor looking to purchase properties at
a faster pace, “subject to” can be a very attractive option.
Among the important points
covered are:
With editorial contributions
by Wes Weaver, real estate investor, real estate agent, and property
manager, this book is well-rounded and thorough. It accomplishes what the
author and contributor set out to do – it offers the mature investor a
clear, concise, easy-to-read, and definitive guide to buying property using
the “subject to” mortgage technique.
Chan has conducted a great
deal of personal research and has spoken with many attorneys and lending
institutions to ensure that “subject to” is both legal and ethical. Having
completed his research and having found success with this technique, he’s
now created a clear manual to help other investors interested in this type
of transaction.
The Turnkey Investor’s
“Subject To” Mortgage Handbook
can easily stand alone, or it
can be paired with the accompanying CD audio program, The Turnkey
Investor’s “Subject To” Mortgage Success Secrets for a comprehensive
package. Matthew Chan’s handbook is an intriguing must-read for the advanced
property investor.
Review by
Graciela Sholander
For Independent Professional Book Reviewers
www.bookreviewers.org
