A friend of mine makes $3400 extra every month from his rental houses. I’m talking cash money here — The kind that’s left to spend after all the expenses are paid. That even includes the monthly payments on Ricky’s new Chevy truck. Ricky is the oldest boy. He does all the maintenance work on the family’s rental properties.

My friend started buying and fixing rental houses 16 years ago. Ricky was twelve years old then. By the time his sixteenth birthday rolled around, Ricky could paint bedrooms in his sleep. “Painting has never been my favorite past-time”, he says — “But my paintbrush paid for my college.  Besides that, I’m part-owner of every room I’ve ever painted.”

Surprising as it may sound, most people who start out investing in fixer-type properties earn a profit. Often it’s not much to begin. But the good news is you earn while you learn. Soon you’ll discover as I have, each new property you acquire will consistently earn a bigger profit. Making big money in real estate can be accomplished much faster by using the copycat method — Copy someone who is already successful. That way you can avoid the learning mistakes most investors make.

FIXING RUNDOWN HOUSES is a perfect strategy for do-it-yourself investors who want to ‘build wealth right now – TODAY. There are several good reasons, but what’s most important — It don’t take a ton of money to get started. Cash down payments are always much less and private financing is generally acceptable. Sometimes you can even substitute fix-up labor in lieu of cash down payment. Fix-up costs will average about 10% of the purchase price. Obviously, you’ll need a few dollars to buy materials — But don’t forget that 70% of all fix-up costs are labor. That means you’ll save 70% when you learn exactly what to fix yourself!
Dirty houses are depressing except for the money they make you. That’s the reason few people actually fix them, although many talk about it. It’s also the reason fix-up opportunities are better today than ever before. Houses that need fix-up far out-number the investors who choose to fix them. This dilemma creates even bigger profit opportunities for those who are willing to do what most others won’t.

Whether you buy to fix and sell — Or purchase houses to rent out; you must learn the secret of multiplying your dollars quickly! Otherwise, you won’t live long enough to accumulate much wealth. Consider how rich you would be if you had $10,000 in the bank earning regular passbook interest! Even if they paid you 25% — Which, of course, they don’t, you would still have less than $300,000 – 15 years from now. I agree, that’s not bad for savings — But, it certainly won’t make you rich anytime soon.
SEVEN REASONS WHY YOU SHOULD CONSIDER BUYING HOUSES TODAY

1. Extra family income to supplement your job.

2. Career changing — How to become your own boss.

3. Send the kids to college from the rental house fund.

4. Building wealth — Acquire assets to produce future income stream.

5. Tax benefits — $25,000 write-off against regular wages.

6. Develop a guaranteed income in order to quit working sooner.

7. Build a retirement nest egg.