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Book Image Not Available
Book details
  • Genre:BUSINESS & ECONOMICS
  • SubGenre:Real Estate / General
  • Language:English
  • Pages:149
  • eBook ISBN:9781620957660

No Experience Necessary - Rental Property Retirement Guide

by Randy McDaniel

Book Image Not Available
Overview

This is what my wife and I have done and are doing now to retire comfortably. This is not theory, or out of a text book. We had no experience, very little money, no degrees and knew zero about real estate. We simply needed to figure out a way to retire safe, comfortable without the worry of how our 401K or stock market performs. I hope you will take the first step and just start. This is virtually 100% safe with the highest returns we have ever come across. It is meant for the average person who does not have lots of savings or a large 401K or rich relatives. We started with zero money or experience and after 7 years we have more than $500,000 in rental property and will be able to reach our retirement goals.

Description

Everything in the book is exactly what my wife and I are currently doing to retire. It is not theory, or guess work, it is our experience in buying very cheap (slumlord) type single family residential properties, doing a quick make ready and renting them to lower income families. The intent of this book is to show others exactly what we have done to prepare for retirement since we lost what little we had in the stock market and recently lost approximately 40% of our 401K, and we bought our home a little late in life to reap any real rewards from the equity. The book is short on purpose as I don’t think it takes a 2”-3” thick 1000 page book to show what we’ve been able to do. I hope to skip as much fluff, as possible just to fill pages. I will discuss in detail with step by step instructions for each property we own and rent. We began with a $20,000, 2 bedroom/2 bath, pier & beam house and now have approximately $900,000 in rental properties. The words of the book are my plain, straightforward sometime Texas vernacular descriptions. There is nothing in here you can’t do if you will only take the first step and just start.

About the author

I've sold engineering software most of my career. My wife and I decided we were not going to have enough money to retire. We came upon a friend that had to sell his dads house and this became our fist rental property. After 7 years and 17 rental properties, we now will be able to retire safe, comfortable regardless of what the stock market does. A close friend from work pushed me for sevearl months to write what we had beed able to accomplish to show others how they can also take advantage of what we have done. I don't consider myself a writer and have not done anything like this before. But now that's it's complete, it has been a great deal of fun to share our experience. You need no experience, or lots of money to do any of this. I hope you will enjoy learning what we've done as much as I've enjoyed sharing our experience. I could not have done this without my wife, Debbie or my friend from work, Sharavan.

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