The list author says: "I buy fixer-upper houses then rent them out.
Fixer-upper house investment is the perfect 2nd job for the person who wishes to keep their day job & make good money on a side job.
Reasons why fixer upper house investment fits the bill for the small part-time investor include:
1. It is easily accessible
You don't need a real estate license, a business license, or even a driver's license to invest in real estate. All you need is a pretty good credit rating and a desire to learn.
2. Hours are flexible
You never have to punch a time clock and you can work around you regular day job.
3. It provides passive income
A rental house can be as passive, or as hands on, as you want it to be. Regardless of your approach, the rental checks come in every month no matter how little work you do that month.
4. You can learn as you go
After you have been through a few house closing you learn the drill and quickly realize how easy it is to buy houses. With each house your repair skills improve, and before long you are handling tenants like you had been doing it your whole life.
5. Long-term earnings can outpace your day job
If you are like me and you pursue your real estate investing diligently over the course of seven to eight years, you will be making more money from the monthly rental payments and equity build up in your rental property than you do from your day job. The longer you do it, the better it gets.
This is a list of books that cover many important aspects of investing in real estate."