This perpetual income engine will generate income for you, which is likely to grow above the inflation rate, and therefore will maintain your standard of living. This is certainly far more than what the average American has received in the past six years. All the companies that I have worked for the past six - eight years have been marked by increased responsibilities for employees, increases in their hours must be exchanged for the same salary, little or no salary increases, and higher stress levels. It is not surprising that so many are dissatisfied with their work, and want to retire early to pursue their desires. In this article,
I will discuss how I plan to earn income without having to exchange labor for money, by setting up my perpetual income machine.
HERE IS THE SECRET LINK
This book explains in detail how to build cash flow from lower end houses and apartment properties. Not slum property, just simple housing for folks on lower income budgets.
This can be a highly rewarding business, since these properties typically produce a cash flow even when 100% financing is used. In fact, when purchased correctly, these properties can be financed using short, 10 year mortgages with no balloon payments needed. In 5-10 years, you'll have a debt-free asset!
The last thing the world needs in another real estate investment book that just skims the surface. This book goes into extreme detail on the nuts and bolts of buying lower-end properties. In fact, the rehab and repair chapter is almost 50-pages long.
Even if you don't currently invest in this type of property, you will come away with dozens of tips on buying, repairing, and rehabbing houses. This book goes way beyond the typical "bookstore" book on investing.
A brief list of topics includes: Buying defective titles for mega profit, low-budget repair and rehab secrets, 60-months until free and clear, how to easily get owner financing, buying houses for $3000-25,000, why private deals are best, finding free building supplies, risk avoidance strategies, managing low-income tenants, buying real estate at sub-wholesale prices, telephone buying techniques, real estate investor resources, finding personal freedom, business philosophy, why there's big money in nasty properties, and much more.
What I did: I first identified my favorite places in the world to live: San Francisco, Honolulu, Paris, Amsterdam, New York City, and Lake Tahoe. I then looked up the median rent and housing prices for each city. Then I factored in private education costs for two kids to be conservative given I may not have two kids and public schools are often good enough.
After calculating all vital costs, I then did a self-assessment of how happy I was making $50,000, $100,000, $150,000, $200,000, $250,000, $350,000, $500,000, and $750,000. I decided working 20 hours a week making $300,000 a year is the best income balance for maximum happiness to provide for a family.
Thanks for reading & sharing BELAJAR DIKACANGIN
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