Marko Rubel- How to invest in real estate without banks

[Ryan Gougeon]

Anyone have any opinions on this book, or Marko Rubel himself? I find his technique of "Unlimited Funding" without banks and zero down interesting, but some of it is a tad hard to believe.

I'm paraphrasing a lot here, but so far here are my takeaways from his book: 

He advises finding sellers in distress, offering to buy their property (Take over payments) "Subject To", getting the deed put in your name, then taking over payments from the sellers- and/or getting them current on their loan if needed. Since the seller's name and credit are still on the bank loan, they have to be in such a bad position that they fear foreclosure and embarrassment/ bad credit more than they do you not making the payments. 

He then turns around and does a "Lease to own" deal with another buyer, giving them 24 months to line up financing to buy the property from you at an option price, which is, of course, higher than what you paid the seller for it. 

He claims that while banks can call the note if they find out about this "Subject to" sale, it has never happened one time that he's aware of.

I already own 3 rentals, looking to pick up another one. But dealing with the banks can be a drawn out tedious process that isn't moving as fast as i'd like. 

So, for anyone using his system, what are your opinions? Thank you in advance!