Swapping Real Estate for Fun and Profit by Paul B. Kelley

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23 chapters of actual creative transactions created by the author including creative seller carryback financing using gemstones, personal property, contract for deeds promissory notes and discounted mortgages.
These ideas can be used by novices and knowledgeable real estate investors. The chapter, “The Big Discounted Mortgage Caper” on using discounted mortgages to purchase OREO’S from banks. One of the favorite chapters is about the “Big Blue Sapphire House”. Bankers might be interested in the chapter titled “Bankers and Sellers Need Love Too”.


For over thirty year I have known Paul Kelley as one of the most creative “real estate deal” makers in the business. Paul is one of the few people that truly understands that much more important than the real estate, is the circumstance of ownership. I remember many years ago that Paul told me that he never made a deal with a piece of real estate; it was always, and always will be, the people and the circumstances of ownership that creates opportunity. Paul closes “real estate deals” by carefully listening to seller, understanding what their true motivation is, and finding creative ways to help them solve their problems. Paul is a professional problem solver first, a real estate practitioner second, and a true credit to the creative real estate industry.

William H. Lykken
Past President Minnesota Real Estate Exchangers.

About Paul B. Kelley

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Published October 13, 2011 by Creative Real Estate Publications. 113 pages
Genres: Biographies & Memoirs, Business & Economics.