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Title: Careful!
Review: This book is very exciting, taking a tried and true real estate investment technique ('subject-to' purchase) and adding a twist that supposedly makes the exit strategy (what would otherwise be known as a 'sandwich lease-option') safer than the traditional method for everyone concerned.Further investigation, though, indicates the practitioner should be very careful in following these recommendations. For one thing, the argument is used that the land-trust technique touted by the author's real estate services company prevents the mortgage-holder from exercising a due-on-sale clause. Cleverly backed up by a partial citation of a federal regulation, but not true.This technique may indeed be valuable, may indeed make everyone feel safer, but the central premise is faulty. I recommend Mark Kohler's 'Lawyers are Liars' as a balance to this book.
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