This book describes how to get started repairing houses and renting them out in your spare time. It covers various aspects such as house selection, what to repair, handling tentants, managing the books, and taxes. The book describes the two safest ways to make money in real estate, and one chapter is devoted the the "Zen of Repairing Properties." The author uses examples from his own experinces, humor and motivational examples to encourage the reader down a path that will be both financially rewarding and deeply satisfying.
Terry Sprouse, his wife Angy, and their two sons have been buying, repairing and renting fix-up houses for the last seven years. Terry started out buying a house extremely bad shape, repairing it, and renting it out. He experienced almost all aspects of the business because it is his goal to do everything himself with as little outside help as possible. Terry promotes repairing and renting out properties as a way for the average person to make extra money in their spare time, gain independence from their 8:00 to 5:00 jobs, prepare for retirement, and to learn valuable skills in self-sufficiency and dealing with people that can be acquired in no other way.
Terry was formerly a Peace Corps Volunteer in Honduras (1985-88). He has a graduate degree in Arid Lands Studies. His hobbies include rainwater harvesting and solar energy utilization.
Terry Sprouse, his wife Angy, and their two sons buy, repair and rent fix-up houses in their spare time. Terry started out buying a house in extremely bad shape, repairing it, to his surprise, easily renting it out. From that beginning, he has repeated the process many time. His goal to do everything himself with as little outside help as possible. Terry promotes repairing and renting out properties as a way for the average person to make extra money in their spare time, gain independence from their 8:00 to 5:00 jobs, prepare for retirement, and to learn valuable skills in self-sufficiency and dealing with people that can be acquired in no other way.
Terry was formerly a Peace Corps Volunteer in Honduras (1985-88). He has a graduate degree in Arid Lands Studies. His hobbies include rainwater harvesting and solar energy utilization.