With a Plan and a Paintbrush: Rehab and Rent Your Way to Retirement

By Elizabeth Weldon

This book presents the plan to buy, rehab, and rent old houses to provide retirement income.

• Language: English
• Publisher: BookBaby
• Release date: Apr 1, 2016
• ISBN: 9781483563862

Book preview

Copyright © 2016 by Elizabeth Weldon

All Rights Reserved

eBook ISBN: 9781483563862

No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage or retrieval system, without prior written permission from the author or her agent. Brief excerpts may be quoted in reviews, on blogs, or in professional journals with proper attribution and notice to the author.

The success Elizabeth Weldon achieved using these principles and technics is real. Your experience may be different for a variety of reasons. The author assumes no liability of any kind for actions taken or results by those using this book.

To read her blog, subscribe to her newsletter, or just learn more about buying, renovating, renting and selling small houses, go to:

www.BuildWealthWithSmallRentalHouses.com

Foreword

I’ve known Elizabeth Weldon for over forty years. Her story of buying, renovating, renting, and ultimately selling small houses is amazing. A high school teacher who suddenly found herself single with two kids, facing living on one-third the income, she turned to real estate to generate income and provide for her financial security. In this two books-in-one guide, she walks you through everything you need to know to duplicate her success. In simple language she explains what works – and what does not work. Her experience captured in these pages will save anyone interested from making many mistakes, some of which could be very expensive. If you are interested in building your financial future through real estate investing using rental properties, this is for you! Follow what she teaches carefully, and youcan also succeed! – – The Editor

Sample quotes from this Two-in-One book:

***For as long as I can remember, I’ve liked old houses. It always hurt me to see a house abandoned and falling into ruin. I could save those little old houses and either rent them or sell them! I had an idea. I could do this. Although, of course, I had no idea how to go about doing things…. Fortunately, I had an aunt who had been buying and rehabbing little old houses for years after she was widowed and then retired. She had accumulated almost a hundred properties, and she was making more money than she knew what to do with! With her help, and by learning through doing (fools rush in where wise men fear to tread), I developed a fun and successful business (in addition to my regular job). God has greatly blessed me, and I hope to share with you the keys to how to undertake what can become a rewarding and lucrative hobby. It’s important to do what you love and to love what you do.

***It doesn’t matter how well you paint or what outstanding tradespeople you hire if your price isn’t right. Given enough time and money, almost anyone could scrabble together a good product. The important thing is to consistently produce good products at consistently good prices. Yes, saving little old houses is rewarding, but it’s much more rewarding to make a nice profit….

Table of Contents – Book One

With a Plan and a Paintbrush: Rehab and Rent Your Way to Retirement

DISCLAIMER: These books reflect the author’s actual experiences with buying, renovating, renting, and selling small houses for both income and investment. Your experience and outcome may be different. The author assumes no responsibility or liability for actions purchasers of this book take as a result of following her guidance. You are advised to seek legal counsel and competent professional help as you follow the principles and ideas contained herein.

INTRODUCTION to BOOK ONE

So, you’ve realized you need more money. Maybe retirement is creeping closer (those pesky birthdays have a way of causing that), or maybe you’ve found yourself on your own due to death or divorce. I hear ya! I’ve been there. When I suddenly, unexpectedly, found myself single, with 3/4s of the family to support on 1/3 of the income, I was, naturally, quite concerned. What, I thought, can I do in addition to my regular job? Yes, we can always tighten our belts a bit, but that works only so far. It’s not enough to be frugal; generating more income is essential. I thought, what’s the one thing that’s always going to be needed, in demand, and there’s no more of? Real estate. Land. God made only so much. People are always going to need places to live. Not everyone can afford to buy a new house. For various reasons, people rent instead of buy. And lots of people can’t afford big, fancy, new places. Ah ha! I had an answer.

For as long as I can remember, I’ve liked old houses. It always hurt me to see a house abandoned and falling into ruin. I could save those little old houses and either rent them or sell them! I had an idea. I could do this. Although, of course, I had no idea how to go about doing things…. Fortunately, I had an aunt who had been buying and rehabbing little old houses for years after she was widowed and then retired. She had accumulated almost a hundred properties, and she was making more money than she knew what to do with! With her help, and by learning through doing (fools rush in where wise men fear to tread), I developed a fun and successful business (in addition to my regular job). God has greatly blessed me, and I hope to share with you the keys to how to undertake what can become a rewarding and lucrative hobby. It’s important