- Perpetual Income: How to Generate Cash-Flow
from Low-End House Investments
- by Bryan C. Wittenmyer
The last thing the world needs is another real estate book. The bookstores
are full of them. Let me tell you why this book is different. First of all,
most bookstore books are too general and are often written by "writers,"
not investors. This book is written from experience, and the experience of the
author's numerous colleagues, who are professional investors. Skim the surface
books won't get you anywhere - you need chapter-after-chapter of helpful ideas
and tips.
Another problem with conventional real estate books is they are often boring.
This book is not. You may not agree with everything the author boldly says,
but you will know where he stands. This book is meat, not soggy bread. On almost
every page, the author has key points boldly marked so you get his concepts.
It has 183, tightly written, 8 1/2 x 11 pages. This
book is about developing a proper philosophy towards income-stream assets. It
is about controlling cash-flows, not being a mother to your tenants.
If you get excited about building an income stream that will last years,
if not decades into the future, then this book is for you! This book is
about buying lower priced housing - borderline low-income housing but not hard-core
slums. Creating cash flow is what this game is all about: Rentals and Installment
Sales.
If you like the idea of buying houses and small income properties at 30-50
cents on the dollar, this book is for you. It talks about houses being bought
for a slow as $3000 each, yes, it is possible (although the norm is around $10,000
- 20,000). The amazing thing is these houses rent for about $400-500 per month!
Another biggie, this book covers in extensive detail
proper rehab and repair methods and philosophy. Do not underestimate
this fact: most investors over-improve properties and use poor maintenance methods!
Learn how to clean up and repair junkie houses for $1500 in materials! We spend
almost 50-pages on this topic alone! No matter what anyone says, this is a major
profit center!
Finally, the book covers a whole host of other topics: How to get free and
clear properties in 60-months - How to find tenants who stay in properties for
3-10 years - Business philosophy - Finding personal freedom - and a great section
on city codes and property rights self-defense - the right way to sell and hold
paper!
I invite you to read this book. Then reread it. This book goes so far beyond
landlording, you'll be delighted! It is literally loaded with nuggets of profit
ideas and tips. In fact, I don't care if you're an old timer in this business,
I'll guarantee you'll find plenty of fresh thinking and tips that will give
you new leverage in your business! My only request is to thoroughly read the
entire book. It's like a train, it gets faster and stronger as it gets going.
Most of the book is intermediate to advanced material.
This gem of a book is a bargain. You get all 183-pages of densely written material
for the superb price of only $49.95. By the way, there aren't a bunch of blank
pages used as filler in this book. No glossary filler sections either.
A few samples of topics covered:
Perpetual Income topic samples: Creating annuity-like income, bottom feeding
for the properties where owners just want out, low-budget kitchen rehabs, low-budget
bathroom rehabs, the keys to finding owner financing deals, correct cash-flow
formulas and ratios, why lower-income housing can be so lucrative, smart roof
repair secrets, how-to find free or almost free building supplies, dumpster
diving for treasure, how bad is too bad for neighborhoods, 60-months till free
and clear, savvy business philosophy, how to find more freedom personally, finding
excellent contract help, the top 20 questions you must answer before buying
the deal, managing low-income tenants (not regular management). Why section
8 may not be the best deal, do-it-yourself closings without title companies
and lawyers, strategies for dealing with liens and judgments, the very best
source of deals, avoiding Realtors, how to rehab a house for about $1500, reverse
pyramiding, deconstructing debt, paperwork administration, how to sell on contract
with getting burned, creating a perpetual income program, tax and water bill
pitfalls, money stretching secrets of carpet, rules for holding paper, charting
progress with graphs, secrets of repairing messed up houses (beyond paint and
carpet), and dozens of other topics (hard to believe, but true). Order now and
profit.
Perpetual Income's Table of Content:
| Creating Perpetual Income |
1
|
| Low-Income Housing Opportunities and Pitfalls |
9
|
| Ideal Locations, House Types, and Utility Setup |
18
|
| Tips, Secrets and Techniques for Buying Cheap |
26
|
| Repairs, Maintenance, and Rehab Techniques |
76
|
| Tenant Profiles and Revenue Collection |
121
|
| Free and Clear in 60-Months - the plan |
143
|
| Water, Sewer, and Property Tax Traps |
150
|
| Alternative Ideas and Liquidation |
155
|
| Business Philosophy and Personal Freedom |
165
|
| Appendix A - Resources/Help |
177
|
| Appendix B - Pictures of Low-End House Investments |
178
|
| Appendix C - Examples of growing Principal |
179
|
| Appendix D - Issues with City Codes/Legal Research |
180
|
|
|