The same folks who runs Shifting-Paradigms.com also run the MangroveRootGang.com Blog. They had these comments to say about my book, “The Intrepid Way”:
I wrote a short review in our Books/Audio section on the SP website. In essence, this is the quintessential book on what you need to know on passive income. Chan’s writing is easy to read, and he comes across as genuine and no-frills. You can buy this book by clicking on the link below. If you are serious about passive income, then read this book.-RY
Thanks to MRG blog for sharing their positive feedback on my book.
Matthew Chan does an incredible job of sharing his life changing experiences in The Intrepid Way. A specific guide that recounts his personal development of a passive income lifestyle. The book simply relays a practical illustration of what passive income is, how it can be achieved, and what benefits Chan has gained as a result of this dramatic life change. The perfect primer for those seeking a better way to make a living.
I thank them for recommending my book to others as a valuable resource.
This audiobook review by Graciela Sholander was originally done in January 2006 and can be seen on Amazon.com.
This concise introductory audio program provides the responsible property investor an overview of “subject to” mortgage transactions. If you’ve heard about “subject to” and wonder what it’s about, and whether or not this type of transaction is right for you, then The TurnKey Investor’s “Subject To” Mortgage Success Secrets by investment expert Matthew S. Chan is a must-hear!
The “subject to” technique is not for the beginning investor. It’s for the responsible and more advanced investor who has plenty of past experience investing in properties and who has a very good sense of what’s involved in buying, selling, and renting out properties. What “subject to” offers is an option for investors who want to build their property portfolio more quickly, and who are willing and able to work with what Chan calls “urgent sellers.”
This audio program works well as an introduction to the subject or as a companion to the book, The Turnkey Investor’s “Subject To” Mortgage Handbook, written by Chan. The audio program offers a clear overview along with expert personal insights. It’s narrated by Chan, who candidly shares both the pitfalls and the benefits of buying property through a “subject to” clause.
According to Chan, when handled responsibly and intelligently a “subject to” mortgage is an effective way of buying properties, but it’s not for everyone. He carefully spells out who you need to work with and what you need to do to make this transaction a success. Chockfull of examples taken from his own personal experience, the audio program provides enough information to help the seasoned investor decide whether or not this type of transaction is of interest.
And as a companion to the handbook, the audio program supplies valuable information that complements the book. Listening to the program is equivalent to sitting face to face with Chan, picking his mind to find out what worked for him and what lessons he learned from his own personal involvement with “subject to” mortgages.
If you are a responsible and experienced property investor who wants to learn more about the “subject to” investing option, start with The Turnkey Investor’s “Subject To” Mortgage Success Secrets CD audio program. This comprehensive 45-minute program is short enough to listen to as many times as you need to absorb essential insider’s information.
Once you’re ready to learn more, move on to the companion handbook … but refer back to the CD often. Chan’s clear explanations and calm delivery are sure to keep you grounded, ultimately helping you decide whether or not “subject to” is right for you. Overall, this is a well-executed, highly informative introductory audio program.Special thanks to Graciela for taking the time to review my audiobook.
Special thanks to Graciela for taking the time to review my audiobook.
His follow-up, The World Is Flat: A Brief History of the Twenty-first Century is quite impressive and comprehensive. He correctly includes, outlines, and discusses the major technological advances and milestones that have greatly affected the globalization movement. Coming from a high-tech background, his material resonated strongly with me.
As a whole, I am a proponent of globalization. However, it does come with a price. People who are not prepared to take advantage of it will ultimately become victims and get swept up in its wake. I respect and welcome but also somewhat fear globalization. However, I have come to accept its inevitability.
I enjoy Friedman’s writings because he puts it in language that most people can understand without becoming an economist.
Earlier this year, Midwest Book Review generously evaluated two of my books. One of the reviews (from January 2006) included “TurnKey Investing with Lease-Options”. Here are their comments:
With contributions by Wes Weaver, professional real estate investor and property manager Matthew S. Chan has creative “TurnKey Investing with Lease-Options: How To Simply & Safely create 12% Returns With Investment Property!” a comprehensive, “reader friendly”, instructive introduction on creating, investing, and managing a profitable real estate portfolio utilizing Lease-Option. Readers will learn how Lease-Options work to simply and safely build an investment portfolio; how to generate steady, spendable cash flow through Lease-Options; finding the right real estate market to safely invest in for a reliable return; profitably manage properties while avoiding ongoing maintenance expenses eating into the bottom line; recruiting the right management team to build and guard a real estate based investment portfolio; even how to invest in a Lease Option investment strategy without the necessity of owning property. Superbly organized, informed and informative, Matthew Chan’s “TurnKey Investing with Lease-Options” should be considered a mandatory study and on-going reference guide by anyone aspiring to make money consistently and reliably in today’s volatile and competitive real estate market through the utilization of Lease-Option strategies.
Again, I thank James A. Cox, Editor-in-Chief of Midwest Book Review, for making the time to do this review.
Earlier this year, Midwest Book Review generously evaluated two of my books. One of them (from March 2006) included “The TurnKey Investor’s ‘Subject To’ Mortgage Handbook”. Here are their comments…
The TurnKey Investor’s “Subject To” Mortgage Handbook is a guide written especially for the independent-minded investor who is seeking a more economical way to buy investment property than to make a large down payment and then qualify for a mortgage. A lesser-known seller-financing technique called the “subject to” mortgage – in which the buyer safely and legally takes over and manages an existing mortgage offered by the seller – allows investors greater freedom and flexibility. The TurnKey Investor’s “Subject To” Mortgage Handbook offers guidelines for getting qualified sellers to call the reader and offer a “subject to” mortgage, tips on how to guard against common pitfalls, and much more. A “must-read” for experienced investors frustrated by bank mortgage demands.
I thank James A. Cox, Editor-in-Chief of Midwest Book Review, for making the time to do this review.
This book review was done by G.A. Bixler on the 2004 edition of “The Intrepid Way”. (There has since been a 2006 Revised Edition.) I am grateful to the thoroughness of her review.
This may be the best self-help book that you ever read! Unfortunately, for me, it came into my hands much too late, for I’ve already finished a life-long career. Still, as I read the book, I found myself getting enthused and even exploring new ideas, just as I used to do! Matthew Chan in The Intrepid Way: How to Create the Freedom You Need to Live the Life You Want may indeed inspire the necessary courage, may indeed help you determine whether you are brave enough to follow his guidance. You may have the entrepreneurial spirit and the courage that can result in your totally following his formula to success. Maybe not! Regardless, this is still a Must-Read book! Why? Let me share my experience with this and other books by the author.
Matthew’s books are written as if he is talking directly to you. He is the teacher. We are his students if we want to be. He willingly has agreed to be our mentor and has indeed written his book as if he were right with you, discussing each topic, each issue. Sometimes he’s enthusiastic, sometimes he’s brash, sometimes he may offend but always, he speaks what he feels is “truth” and he challenges you to consider and respond to those truths.
The Intrepid Way is based upon a formula. A formula for Personal Freedom.
Personal Freedom = Monetary Freedom + Time Freedom
Matthew Chan has solid advice about the use of money, creating layers of income, etc. He shares his fears when he risked taking the necessary step to follow his dream. He shares his successes. His guidance is specific and easy to follow, easy to understand. In this and other books, he discusses his choice to become an entrepreneur.
What does that mean exactly?
Well, he quit his job! He eliminated the stream of income that most of us use for our entire life. He chose not to depend upon having a salary coming in every single month. He chose Personal Freedom.
Without support from family, friends, or a salary, Matthew Chan worked hard to achieve his goal. As you read his book, you may be interested in the way(s) he achieved monetary freedom. He shares in detail about his work in real estate, writing, and selling on the Internet. His thoughts and ideas are there for you to glean and develop to meet your own needs.
Aside from the money issue, which is very important to any goal, any dream, I’d like to share my personal story about why I believe this book is a must read. Matthew Chan realized early enough in his life that he needed personal freedom and that had to include time freedom. Most of us learn from the past, from our family, from societyâ€”that we should plan to find a career for our future in order to bring in the necessary money from which we live. Unfortunately, nobody shares that, in doing so, we may lose ourselves!
How did Matthew acquire his wisdom so early? We don’t know. He probably doesn’t even know because it did not come to him through his family ties, or through his long-term higher education studies. Perhaps he first subconsciously saw it. Perhaps through one or more of his continuing education courses, he began to move early thoughts into his daily conscious. Thankfully, for him and for those of us who read his book, we can also review and, hopefully, work to correct and save the rest of our life!
I speak from experience. After 37 years of commitment and loyalty to one institution, I was given a letter that my position was eliminated. Yes, there is a lot more to it than what I say here. However, one of the reasons that I chose instead to retire early was that I had sufficient years and funds in a “mandatory” retirement program that allowed me to retire before I was 60. Before that, however, I had had a medical leave of absence mandated on job burnout. I had no other life other than work, even church was another time commitment that I felt had to be met. I had indeed lost all time freedom and my personal freedom to the job. When the doctor told me I had to choose between life and my job, there really was no choice in my mind. I walked out and, in many ways, I continued to “walk out” for many years thereafter.
Now, the point I make is that through a mandatory retirement program and length of employment at one institution, I have the stream of income that is important to sustain basic life needs. If I had had no retirement program, I would have been in a position many of you may be in if you were to also lose your job, your career!
Consider right now, that your personal freedom is not only important, it may be the only thing that keeps you from physical, mental, spiritual or emotional burnout. Your job is NOT your life. I know that now after a commitment of nearly 40 years to an institution that, in turn, had no commitment to me! The Intrepid Way is an answer! It may not be the only answer; i.e., there may be other ways than Chan suggests to ensure that you have the required monetary freedom. That’s not really the point! The point is to read between the lines. Absorb what Chan shares with us, with you! Let the book awaken thoughts that you have buried because you are doing the only thing you think is possible. Remember The Intrepid Way only requires that you have courage. It requires the courage to seriously review your life and ensure it is the life you want to be living. Chan will be your teacher, your mentor, if you allow him.
Shortly after my book’s release in 2004, Scott Allen of About.com’s Entrepreneur Section contacted me and expressed interest in reviewing “The Intrepid Way”. (Incidentally, that 2004 version of the book is now out-of-print and has been replaced by the 2006 Revised Edition of “The Intrepid Way“.)
As a first-time author and publisher, I was somewhat uncertain of how the review might turn out but I did agree to submit my book for his review.
I was pleasantly surprised at Scott Allen’s review. He gave “The Intrepid Way” a rating of 4-stars out of 5.
These 2 books are simple to read and understand. Yet, they are applicable to nearly any business. I have re-read these books repeatedly over the years to get a refresher and reinforce these important lessons.
My other favorite books also by the Ries’ writing team that are also tremendously worth reading are:
This insightful book review on “The TurnKey Investor’s ‘Subject To’ Mortgage Handbook” was written by Graciela Sholander. I am grateful for her kind words.
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:
* Finding and working closely with a reputable real estate attorney
* Locating sellers who want to do business with you
* The dynamics of the negotiation
* Associated costs and expenses
* Benefits to the buyer, seller, and lender
* Investment returns and profitability
* Closing documents needed
* When to invest and when not to
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.