TurnKey Investing with Lease-Options:
How to Simply & Safely Create 12% Returns With Investment Property
By Matthew S. Chan
www.turnkeyinvesting.com
Ascend Beyond Publishing
ISBN: 0-9713947-8-4
208 Pages
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!
G. A. Bixler
IP Book Reviewer
To purchase visit
www.turnkeyinvesting.com,
www.amazon.com and other online
bookstores!
