A brand-new MP3 audio introduction has been recorded and uploaded to “The Intrepid Way” website.
Some readers may not be clear what the book is about or what it was intended to be. This MP3 audio Introduction should clarify what The Intrepid Way series is all about.
You can visit TheIntrepidWay.com to download the file there. Or you can simply download the MP3 file here.
Two weeks ago, during my blog hiatus, my friend Tony Calloway and my business partner Wes Weaver joined me in hosting and conducting a brand-new seminar, “The Turnkey Investor’s Seller-Financing Short Seminar”.
Essentially, this is a more advanced seminar that builds upon and expands the content of “The TurnKey Investor’s ‘Subject-To’ Mortgage Crash Course”. The “subject to” mortgage is only one form of seller-financing. While it is a great way of financing investment property, there are many instances that technique is simply not practical, nor desired in some transactions.
Wrap-around mortgages, land contracts, contracts for deed, and lease-options are also legitimate ways of financing investment properties. Each of these financing techniques have their own pros and cons as well as the circumstances of when you should use them.
Wes Weaver and I share our real life experiences and comments on the other forms of seller-financing techniques that we have used (and those we have chosen NOT to use!).
Originally conceived as an additional “audio crash course” in the spirit of “The TurnKey Investor’s ‘Subject To’ Mortgage Crash Course, Tony talked me into making the Seller-financing presentation into a seminar in front of a live and experienced real estate investor audience.
Essentially, the raw unedited recordings come to over 4 hours of audio content. I expect to edit it down to less than 3 hours however that is a very rough estimate. I am trying to pare it down to a 2-CD audio course set but it may end up being a full 3-CD audio course set.
Once the audio course has been completed, I plan on taking that content and creating an all-new manual called “The TurnKey Investor’s Seller-Financing Handbook” which will be similar in format and a companion manual to the “The TurnKey Investor’s ‘Subject To’ Mortgage Handbook”.
There is no precise timeline for when the Seller-Financing products will be available except that I expect it will be released in 2008.
I will be putting a warning label on the products that beginning investors or students should not buy either of these products. The discussions were advanced level. The one beginning student we had was a bright person but clearly did not have the background to keep pace with the seminar presentation. She served as a barometer for me to warn off beginning investors and students.
I would like to comment that all the students in the audience (with one exception) were prior students of ours and had actually done at least a couple of real estate transactions. Gauging from the feedback from students, they greatly appreciated the fact much of material that Wes and I presented had not presented in such depth and sophistication.
As I get more news on the progress of the Seller-Financing products, I will post them here.
In my prior article, I wrote about my larger role and responsibilities as a Publisher for Ascend Beyond Publishing. I continue on that article by sharing the educational model I am employing in my publishing business.
Many years ago, when I was a Technical Trainer and Technical Instructor of advanced networking, technologies, and network operating systems, I became indoctrinated to the idea of customized education and modular learning.
For those of you unfamiliar with the concept of modular learning, it is simply the concept of giving the student the ability to custom create and design their own learning curriculum no matter what the subject matter is.
The fact of the matter is, we live in a society where time is precious and adult education is something we pay for. It takes time and costs money to learn any new subject but each of us have a different view of what we should learn and how much time we should take. The determination of success from our learning comes from the results that come from the execution of our action plans. If we execute and manage our affairs well, we should yield successful results. If we don’t, we have poor results. In other words, we no longer get grades as we did in school. We simply measure results.
As a publisher, I believe in providing tight, singular topics my readership and students can choose from. Comprehensive learners prefer to buy “an entire set”, many others prefer to buy their educational materials “a la carte” or “piecemeal”.
In the TurnKey Investor Series, readers and students can immerse themselves in the TurnKey Investing Philosophy that we created and practice ourselves. Or they can simply pick the individual pieces they want to learn about. Either way, the customer comes away happy.
I have had customers that I have never heard from and swoop in buy entire learning sets in one purchase. I have had many more customers who bought one or two titles and come back to purchase a few more. Clearly, repeat customers are a sign they are happy with what they have read or heard.
There is this myth that most readers or students want a monolothic approach to their learning. I believe that represents a small minority of readers and students. This is why encyclopedias, tomes, and other thick reference books don’t sell as well as smaller, tightly-focused titles. This is why Audio Titles have gained so much ground in recent years co-existing with their print versions.
Outside of the walls of Academia, people want to choose to learn in their own way at their own pace. And so, unlike so many of my fellow authors and educators, I don’t try to create a high-priced “monster master course” that tries to cover everything and anything regarding a subject.
I say to my readers and students, “Choose and create your own education” from our suggested set of offerings.
Customized education and modular learning is the new paradigm. Publishers, authors, and educators had best understand this new learning paradigm.
This article is one I have long thought I needed to write and clearly express my “official position” as to why I regard and identify myself as a Publisher more than I do as an Author.
First off, I have no negative feelings attached to the title of being an Author because it is something I have done many times. In fact, I am quite proud that I can include the title “Author” on my resume (or CV). I have obviously written, co-written, and edited many books and audio programs with several more in various stages of development.
However, I identify myself more as a Publisher because it is a larger scope of responsibility I take on than “simply” authoring books. In some ways, the Publisher title is less glamorous. I have to oversee the creation of a body of work whether or not I am the primary author or not. Up to this point, it so happens that I am the most prolific author in my publishing company simply because I have a lot to say and communicate, not because I am not willing to accept more titles from other authors.
I believe it is my responsibility to ensure that the body of work I bring into reality fit in consistently and congruently to the greater whole that represents Ascend Beyond Publishing. Every title must be congruent and synergistic to the greater whole. There is a “greater message and theme” that Ascend Beyond Publishing (ABP) represents. Ascend Beyond Publishing represents optimism, independence, entrepreneurism, strength, decisiveness, unedited truth, and personal responsibility.
Any author or work that does not fit in congruently with these attributes will not be able to be published under the ABP banner.
In the last 4.5 years Ascend Beyond Publishing has been in existence, 19 titles were created and developed. I expect the the number of titles will double in lesser time. As each title comes out, the body of work ABP stands for will continue to evolve and updated with the times.
My responsibility will continue to grow as Publisher. If I do my job well, I hope to make a larger positive impact in the world we live by serving my readership and students well.
Bettie Corbin Tucker has once again taken the time to review one of my newest audio programs, “The TurnKey Investor’s Rental Property Repossession”.
If you have deadbeat tenants who aren’t paying the rent on time or perhaps driving you out of your mind with lease violations, The TurnKey Investor”s Rental Property Repossession by Matthew S. Chan is exactly what you need. My husband and I, as landlords, have experienced some very strange happenings with our tenants: one tried to grow marijuana on the property and another kept an alligator in the basement.
Evicting tenants via the court system can be a lengthy and costly procedure one most property managers and landlords would like to avoid; however, many of them have been brainwashed into believing that eviction is their only option. Matthew Chan, a real estate investor and property manager, personally convinced me in this audio program that there are other legal, as well as quicker, ways to get tenants to move out. Listen with an open mind and learn from this excellent teacher.
Although Mr. Chan specializes in lease options, his intent is to keep many properties without losing money because of non-paying tenants. As a teen he gained much expertise in regard to leases, agreements, and business letters since his mother owned rental property. This gave him a head start when he began building his own investment portfolio in 2000. With the help of a partner, he continued to expand his business, and today, he is recognized as an expert in the field of real estate investing.
This audio program came into being because Mr. Chan saw a definite need for property managers and landlords to have information on “unconventional” ways to deal with deadbeat tenants stressing that sometimes diplomacy is easier and less expensive than the bureaucracy of the legal system. When posting to a real estate message board on this subject, he had some very negative reactions. One responder said the author was presenting a theory as opposed to fact. However, the individual was wrong as Mr. Chan based his information on personal experience and an astounding decrease in his eviction rate by 80 percent. With proven results, this is fact and not theory!
Admittedly, there are times that an eviction may prove to be the only way to go; however, this should not be the first course of action. The author lists the many glitches that property managers and landlords encounter with the eviction system glitches that result in loss of money and time. He also acknowledges to landlords that there are benefits to evicting, such as having the power of the law and state government on their side. It is obvious that a decision has to be made, and Mr. Chan provides common-sense advice on how to determine whether or not to evict. He also reminds students that they must know landlord/tenant laws in their state.
The author stresses that if tenants are respectful, cooperative, and communicative, it is best not to evict. In talking with tenants, he strives for a personal talk and not a personal attack, using negotiating skills with firmness and a clear approach. In most cases he believes that tenants aren’t trying to steal but simply can”t budget their money or control their lives.
Mr. Chan lists three alternatives to eviction: classifying property as abandoned, paying off or bribing tenants, and getting a signed release. Although he has classified property as being abandoned, he has never paid a tenant off to vacate property even though, in some situations, he suggests it might be financially advisable. However, he personally believes in serving the greater good via eviction as opposed to rewarding bad behavior.
Matthew Chan likes to recommend the “Signed Release System” calling this a clean process that has the cooperation of tenants. He lists the requirements for being willing to accept a signed release as well as the terms and rights of the agreement. Mr. Chan points out the importance of not stressing collections while trying to get an agreement, reminding listeners that plans for scheduled payments will be made down the line. One aspect of this agreement that tenants will find favorable is that they will have no eviction record to haunt them when trying to find housing in the future. There is a four-step policy for release that, when carried out successfully, will save property managers and landlords much time and expense. It bears repeating that by obtaining signed releases, the author has eliminated 80% of his evictions. That is money in the bank!
It is worthwhile to note that the author presents case study experiences to demonstrate some of the procedures he outlines in this audio program. He is forthright in sharing mistakes that he has made as well as success stories. Matthew Chan is real, honest, wise and a great instructor.
At the end of the CD, there is a bonus section in which the author discusses when and how to use collection agencies to collect lost rents and bad debts. Again, he backs up his words with statistics from personal experiences.
This audio program provides much valuable data that is long overdue. Perhaps property owners and landlords will rethink their position on routine evictions and opt for a system that results in less frustration and faster results.
I recommend The TurnKey Investor”s Rental Property Repossession as a “must-own resource” not only as a long-time publisher and nationally published author, but as a landlord who intends to follow Matthew Chan”s advice in the future.
Bettie Corbin Tucker
For Independent Professional Reviewers
Bettie Corbin Tucker recently completed an AudioBook Review of “The TurnKey Investor’s Rental Property Repossession”. It is an extensive and thorough review.
If you have deadbeat tenants who aren’t paying the rent on time or perhaps driving you out of your mind with lease violations, The TurnKey Investor”s Rental Property Repossession by Matthew S. Chan is exactly what you need. My husband and I, as landlords, have experienced some very strange happenings with our tenants: one tried to grow marijuana on the property and another kept an alligator in the basement. Evicting tenants via the court system can be a lengthy and costly procedure one most property managers and landlords would like to avoid; however, many of them have been brainwashed into believing that eviction is their only option.
Matthew Chan, a real estate investor and property manager, personally convinced me in this audio program that there are other legal, as well as quicker, ways to get tenants to move out. Listen with an open mind and learn from this excellent teacher. Although Mr. Chan specializes in lease options, his intent is to keep many properties without losing money because of non-paying tenants. As a teen he gained much expertise in regard to leases, agreements, and business letters since his mother owned rental property. This gave him a head start when he began building his own investment portfolio in 2000. With the help of a partner, he continued to expand his business, and today, he is recognized as an expert in the field of real estate investing.
This audio program came into being because Mr. Chan saw a definite need for property managers and landlords to have information on “unconventional” ways to deal with deadbeat tenants stressing that sometimes diplomacy is easier and less expensive than the bureaucracy of the legal system. When posting to a real estate message board on this subject, he had some very negative reactions. One responder said the author was presenting a theory as opposed to fact. However, the individual was wrong as Mr. Chan based his information on personal experience and an astounding decrease in his eviction rate by 80 percent. With proven results, this is fact and not theory! Admittedly, there are times that an eviction may prove to be the only way to go; however, this should not be the first course of action. The author lists the many glitches that property managers and landlords encounter with the eviction system glitches that result in loss of money and time. He also acknowledges to landlords that there are benefits to evicting, such as having the power of the law and state government on their side. It is obvious that a decision has to be made, and Mr. Chan provides common-sense advice on how to determine whether or not to evict. He also reminds students that they must know landlord/tenant laws in their state. The author stresses that if tenants are respectful, cooperative, and communicative, it is best not to evict. In talking with tenants, he strives for a personal talk and not a personal attack, using negotiating skills with firmness and a clear approach. In most cases he believes that tenants aren’t trying to steal but simply can”t budget their money or control their lives.
Mr. Chan lists three alternatives to eviction: classifying property as abandoned, paying off or bribing tenants, and getting a signed release. Although he has classified property as being abandoned, he has never paid a tenant off to vacate property even though, in some situations, he suggests it might be financially advisable. However, he personally believes in serving the greater good via eviction as opposed to rewarding bad behavior.
Matthew Chan likes to recommend the “Signed Release System,” calling this a clean process that has the cooperation of tenants. He lists the requirements for being willing to accept a signed release as well as the terms and rights of the agreement. Mr. Chan points out the importance of not stressing collections while trying to get an agreement, reminding listeners that plans for scheduled payments will be made down the line. One aspect of this agreement that tenants will find favorable is that they will have no eviction record to haunt them when trying to find housing in the future.
There is a four-step policy for release that, when carried out successfully, will save property managers and landlords much time and expense. It bears repeating that by obtaining signed releases, the author has eliminated 80% of his evictions. That is money in the bank! It is worthwhile to note that the author presents case study experiences to demonstrate some of the procedures he outlines in this audio program. He is forthright in sharing mistakes that he has made as well as success stories. Matthew Chan is real, honest, wise and a great instructor.
At the end of the CD, there is a bonus section in which the author discusses when and how to use collection agencies to collect lost rents and bad debts. Again, he backs up his words with statistics from personal experiences. This audio program provides much valuable data that is long overdue. Perhaps property owners and landlords will rethink their position on routine evictions and opt for a system that results in less frustration and faster results.
I recommend The TurnKey Investor”s Rental Property Repossession as a “must-own resource,” not only as a long-time publisher and nationally published author, but as a landlord who intends to follow Matthew Chan”s advice in the future.
A big thank you to Bettie for taking the time to review one of my latest audio titles.
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.
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