A Couple Questions About Johns "Sub To" Book....
Before i buy johns book i just had a couple questions about it.
1. I'm new to REI and was wondering if johns book would be a good starting point, or something i should get after i have a basic understanding of real estate.
2. Is "sub to" something that can be done by a beginer or is it a more advanced strategy?
I understand that you should do alot of research on REI and real estate in general, but will johns book give me alot of the information that a new person lacks and needs to know before venturing out on their own. Thanks in advance.
--THANOS--
Hi THANOS,
Welcome to the board.
Yes the book is written so that a beginner can start right now.
Others have felt the same way you do and are not sure or are not ready to jump into just one area of RE investing so the E-book Big Bucks Bird-dogging maybe a good way to start for you.
See the link below:
http://www.thecreativeinvestor.com/ChanPart-JohnLocke.html
Best of luck
John (LV)
Sub. to is a great place to start as a beginner. You may want to find out what other methods are and explore them. Perhaps they'll fit your interests and personality more. His manual is very specific and very targeted. Much of the information out there is general and not very specific. If you're ready to jump in and do deals, it's a great place to begin.
Thanos,
$Cash$'s Sub2 Manual is wonderful. I am also very very new to this whole REI thing, and I wondered the same things you are. The manual is written in simple terms that anyone can understand. Everytime I read over it, I pickup something from it I missed the previous time. I am not yet doing deals, but will be very soon, I am going to start off by doing some bird-dogging to start learning the ropes. John's EBook Big Bucks bird dogging is also a killer deal, and I would highly recommend it for a beginner, but again you have to find the style of investing that is most appealing to you. Good luck with your Investing!
Tony G.
Thanks for all the reply's. I purchased his subject to book and am anxiously awaiting its arrival.
btw i do have john's bird dogging book.
--THANOS--
Hi Thanos,
Welcome to the group. I just ordered John's Sub2 book as well. I can't wait to dig in!!
Peace,
Anthony
The book has a lot of limitations and a person would do well to learn a lot more about real estate, rather than jumping off with this knowledge alone.
Many experienced investors question his "hard sell, one call close" style and prefer a more comfortable, trusting style.
The biggest thing the author has going is his sincerity in helping you by readily answering your questions by e-mail. His availability and personal access is worth the cost of the course alone.
Quote:
On 2003-07-06 22:47, tbird wrote:
The book has a lot of limitations and a person would do well to learn a lot more about real estate, rather than jumping off with this knowledge alone.
I just got the Sub 2 book and am not all the way through it yet. So far, I really like the concise information. I like to read with a highlighter. I soon realized I was highlighting just about everything.
To $Cash$'s credit, this is a "no fluff" and "cut to the chase" book. I do have to agree with the above statement, though. I don't know that I would be getting much out of it without having read other material that gave me a foundation in REI first.
William Bronchick has a couple books for cheap on Amazon that I think give a great foundation in REI basics. I do suggest reading sub 2 eventually though.
Jason
I have the book and the one thing I dont' understand is this:
Can you sell on a RE Contract and does that let the original owner of the house go after another house? Is the house off the orginal owners credit?
Yes, I agree with the fact that one should always take good info from multiple sources and apply them to ones utility belt.
If you want to learn the basics, the library is a good start. Check out Robert Allen's "Nothing Down in the 90's" for one. You can also find great deals on eBay for Carleton Sheets courses. He is good at educating newbies.
And of course, this site is a great source of knowledge.
Also, find your local Real Estate Investor group (mine just happens to be 15min. away from me )
Peace,
Anthony