No Experience Necessary

Rental Property Retirement Guide

Non-Fiction - Retirement
160 Pages
Reviewed on 12/09/2013
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Author Biography

Like many others, we all have our story. I was brought up in Governement Housing Projects after my dad left (another story). With four kids my single mom decided to put us in the Methodist Childrens's home in Texas so we would at least get fed and a roof over our heads. After sevearl years of working 2 and 3 jobs at a time, I ended up as a computer programmer after borrowing $1500 for a class. I later became a software and hardware salesman. For the first time we saved money in a 401K and after 10 years we lost about 40% in the 90's and needed to do something to make money to retire. We tried many things but opening a snowcone stand was what we ended up with and each year we used the money from sugar water as a downpayment for a rental property. We have built approximatly $750,000 in rental property from sugar water basically and own 17 rental properties. Learn how our no-nonsense, common sense, approach worked for us from regular folks without higher education but a lot of work and can retire safe, secure and in complete control

    Book Review

Reviewed by Jean Hall for Readers' Favorite

Who doesn't need ideas to build a retirement nest-egg? Whether you are young or old, educated in school or in the school of hard knocks, learning how to buy and rent homes can be useful. Randy McDaniel in No Experience Necessary - Rental Property Retirement Guide is a common-sense book that takes the reader from square one to a property portfolio. Randy and his wife Debbie make a good team as they learn how to buy and clean up the modest homes that they rent. There is a brief biography of Randy and Debbie as they grew up in Texas. Randy spent many of his early years in a Methodist children's home as his mother had trouble making ends meet. The couple's experience is like many of those who were hurt in the great recession. They had deep losses in their stock investments and 401k accounts. The book flows smoothly from their humble backgrounds to entertaining stories about real estate buying and renovating.

Randy McDaniel shares what it means to be behind the eight ball but to ultimately succeed in the home rental market. The tips and tricks of this business are straight to the point but with a little down-home flavor. Photographs of their individual properties, images, and descriptions of lessons learned, and detailed charts illustrate how the landlord can thrive. No Experience Necessary - Rental Property Retirement Guide by Randy McDaniel is a personal, readable story and a valuable source of technical information which de-mystifies the business process.