Perpetual Income: How-to Generate Cash Flow from Low-End House Investments [Paperback]

Bryan Wittenmyer (Author)

Book Description

Publication Date: July 1, 1999

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.

Editorial Reviews

About the Author

Bryan Wittenmyer is an author and entrepreneur with nearly 20 years experience. His background includes experience in small business start-ups and management. He is the author of Real Estate Business and Investment Opportunities, available through Amazon.com

Product Details

• Paperback: 184 pages
• Publisher: Infoleverage (July 1, 1999)
• ISBN-10: 0964438011
• ISBN-13: 978-0964438019
• Product Dimensions: 10.7 x 8.2 x 0.5 inches
• Shipping Weight: 15.2 ounces
• Average Customer Review: 5.0 out of 5 stars  See all reviews (10 customer reviews)
• Amazon Best Sellers Rank: #1,240,023 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

41 of 41 people found the following review helpful:

5.0 out of 5 stars Perpetual income NOT limited to low end houses, January 17, 2003

By 

Real Estate Investor (USA) - See all my reviews

This review is from: Perpetual Income: How-to Generate Cash Flow from Low-End House Investments (Paperback)

"Perpetual Income" by Bryan Wittenmyer is an excellent second book written by the Reading, Pa. native. He has done the investing in low end rental houses that he writes about in his book. He shares his experiences, observations, techniques, and secrets in an easy to read 183 page book. His vehicle of choice is low end houses to generate that perpetual income promised in the book's title. But his rich background of nearly 20 years can easily be applied to rental houses in all price ranges, He writes about favoring houses with 3 or 4 bedrooms to attract and keep family tenants. Gas heat is his favorite heat choice, for example, because it is the cheapest. And even when the tenants are paying the utilities, "cheap utilities mean happy tenants, which means less turnover." Conversely electric baseboard heat while being the cheapest to install is the most expensive to operate. Many a tenant has moved from an electrically heated unit because of the high monthly costs. Lack of vacancy is a major contributor to the success of rental houses. Bryan also extols the virtues of exteriors of brick, stone or cement saying "the more the better."

Tenant selection, repairs, revenue collection are other topics discussed in this book. The author writes of the pitfalls as well as the rewards without sugar coating the benefits of real estate. This is not a get rich quick scheme, though there is a chapter on his plan to have a house free and clear in 60 months. There are topics discussed in this book such as water, sewer and property tax traps, that are seldom if ever written about in other real estate investment books. He has obviously learned much about rental houses and shares his experiences with the readers. He discusses in the book buying houses with defective titles, and getting free carpet. I recommend this book as well as the 2 others written by Mr. Wittenmyer. ...I know that he will answer questions about his books through his web site.

27 of 27 people found the following review helpful:

5.0 out of 5 stars Great Real Estate Book, December 10, 2002

By 

miracletech "miracletech" (Phoenix, AZ United States) - See all my reviews

Amazon Verified Purchase

This review is from: Perpetual Income: How-to Generate Cash Flow from Low-End House Investments (Paperback)

This is one of the best real estate books I've read. It's obvious it's written from the point of view of someone whose "been in the trenches". Most of the books out there give only an overview of real estate investing, and tend to make it sound easier than it is. This book gives all the details, even the unpleasant ones. An interesting read even if you don't intend to invest in low end properties.

The book is much less "slick" than most, ie it doesn't seem to be professionally edited. It's more like the author sitting down to dinner with you and telling you everything he's learned in his years of investing. You may or may not like this style, and it does make more difficult to locate specific topics in the book.

12 of 12 people found the following review helpful:

5.0 out of 5 stars Best book I've personally ever read on RE, March 16, 2005

By 

M. Booth "RE Investor" (St. Louis, MO) - See all my reviews
(REAL NAME)   

This review is from: Perpetual Income: How-to Generate Cash Flow from Low-End House Investments (Paperback)

I'll keep this short. Low-end house investments aren't for everyone. However, this book hit me like a Mack Truck...I couldn't put it down and have referred many friends to this excellent work. I have read well over 100 real estate investment courses and books in the last 12 years of my life and NONE (even those outrageously priced $800 courses) spoke to me like this $40 gem. Thank you Bryan for sharing your experiences and wisdom with us and doing it at a bargain price. My very highest recommendation to all (even though I don't want any more competition in this arena) LOL.

This is the only review I've done and even though this book will undoutedly bring in more investors to this low-end niche--I feel I owe a real debt to Bryan for his positive impact on my life.