The Rooming House: Create Cash Flow and Build Your Wealth With Real Estate, No Matter The Economy
by Bob Rutledge
One of the biggest mistakes people make when investing in single family houses is thinking that renting out the entire property and getting only $100 – $200 a month in cash flow is a good thing. What if I told you that you could do much better? Would you get into the business if you could make $1,000 a month or more, after expenses, on each property? Why settle for only a couple of hundred dollars when you can make five- to ten-times that amount every month? Now do that a few more times to really impact your lifestyle! I’ve done it and so can you!
This book is about purchasing single-family homes and turning them into rooming houses. By renting individual rooms to different people, rather than renting the entire home to a single person or family, you increase your cash flow significantly.
So many books on real estate investing do not get into the nuts and bolts of how to duplicate what the author said was possible. I want to get right down to it so that anyone reading this book can see what to do, what not to do, and what I’ve done to acquire properties with good, positive cash-flow potential.
I share with you the finer details of what to look for in properties, how to manage them, and why this is a very profitable niche—a niche that is often overlooked by most real-estate investors.
If you have an interest in real estate, but are concerned about the risks; if you can use more monthly cash flow, this system may be for you. This is not a get-rich-quick scheme. This is long-term investing.
- Bob Rutledge, March 2012
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