49 Alternatives to Paying Rent or a Mortgage John Lee Pryor How to Live Rent-Free_____________________________ Disclaimer and Warning: This book is presented only as a means of documenting various alternative methods that some people have used for dealing with the costs of renting or owning real estate and is for information purposes only. Neither ASK Publishing Co. nor the author make any representation, warranty or guarantee that the techniques, methods, concepts, ideas, principals or rules described or illustrated in this book will be effective, appropriate or legal in your particular situation or part of the country. We offer only information and not suggestions. We are not in the business of providing legal, technical or accounting advice. You are strongly encouraged to check with your own accountant, attorney, real estate professional or government representative about the laws in your area and the practicality of applying some of these methods, techniques or ideas described in this book. Neither ASK Publishing Company. nor the author is responsible for any injury, expense or inconvenience that may result from applying or attempting to apply any idea contained in this publication. Specific situations described in this book may not be appropriate, effective or justifiable in any particular situation in view of all of the circumstances or under the applicable federal, state or local law. Neither ASK Publishing Company nor the author makes any representation or warranty regarding the legality or appropriateness of any technique ideas or suggestions mentioned in this book. 2 How to Live Rent-Free_____________________________ How to Live Rent-FREE 49 Alternatives to Paying Rent or a Mortgage Copyright 2002 ASK Publishing Company. All Rights Reserved Published by ASK Publishing Company P.O. Box 8315 Los Angeles, CA 90008 Printed in the United States of America 2001 2002 2003 2004 10 9 8 7 6 5 4 3 2 1 1st Printing 3 How to Live Rent-Free_____________________________ ASK PUBLISHING COMPANY Los Angeles, CALIFORNIA How to Live Rent-Free: Copyright © 2004 ASK Publishing. All rights reserved. Printed in the United States of America. Absolutely, positively NO part of this book may be used or reproduced in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage or retrieval system without written permission from ASK Publishing Company, except in the case of brief quotations embodied in critical articles or reviews. If such a review is done it MUST include both the title of the book, the author’s name and the publishers web site address. (We would also appreciate notification of any review that is done.) For information or permissions, or to contact the publisher or the author write: ASK Publishing Company P.O. Box 8315, Los Angeles, CA 90008 or How to Live Rent-Free_____________________________ How to Live Rent-Free 49 Alternatives to Paying Your Rent or a Mortgage By John Lee Pryor ASK Publishing Co., Los Angeles, CA 5 How to Live Rent-Free_____________________________ 6 How to Live Rent-Free_____________________________ What This Book Does for You READ THIS FIRST! This book will show you various methods that are being used by creative people so that they can live rent-free. This book should open your mind to the many possibilities that you could use to also live rent-free. When we talk about rent per se we are actually referring to any and all forms of payment that people typically make in order to have a roof over their heads. Rent in some form or another is so deeply engrained into our psyche that we just accept that if we are going to have a roof over our heads that we will have to come up with a certain amount of money each and every month. This book will show you various methods that you could use to start actually living rent-free. Some of these ideas you could begin to implement immediately. Some of these methods will just enable you to avoid paying rent for a brief period of time. Some methods will enable you to actually travel, go where you want to go and find alternatives to paying money to stay in hotels, motels or other temporary lodging. Other methods will show you how to supplement your rent or even free you from ever having to pay any rent or a mortgage out of your own pocket again. This book will even show you how you can acquire or buy real estate for no money out of pocket. (I didn’t say no money down) I said NO MONEY at all (at least no money out of your pocket_ EVER! You also will learn how to start, run and operate a rent-free commercial business. If you need a shop or store to sell your wares or commercial office space then you’ll see how others get it rent-free and how you could do the same! 7 How to Live Rent-Free_____________________________ It doesn’t matter rather you are rich, poor, somewhere in between or even completely flat broke and homeless, you’ll learn how you can live anywhere at all, even the most exclusive neighborhoods… RENT-FREE! -John Lee Pryor Testimonials: “Thanks to you I am now living rent-free in a $245,000 home that I just bought! I also bought a copy of your book to give to my relative’s who said they’re going to be in the streets if I don’t let them come and stay with me.” – G. Howard “Wow! I never thought this would work for me but guess what... I had a $1375 per month mortgage and was struggling to pay it, but now, thanks to you…I’m paying ZERO per month! Thanks!” - D. Liddy I was paying $440 per month. I earned too much money for low income housing, but now I live rent-free! – B. Johnson “I started my business and used your advice to set it up so that I would earn enough to pay my lease every month rather or not I got even one customer. Great stuff.” – M. Hsu “I’m a real estate broker, I read your book because a client told me about it, at first I thought that you were making a lot of exaggerated claims and I wanted to discredit it. To my surprise, everything you say makes sense and I suppose that it really is possible if someone uses the strategies you laid out in the book. Good work.” – M. Browning “Thanks for showing me how to stop paying rent!” It works – C. Hoq 8 How to Live Rent-Free_____________________________ How to Live Rent-Free For most people, the largest recurring expense is their monthly rent or mortgage payment. This book is about how anyone can easily eliminate that expense completely. It doesn’t matter rather you are renting, leasing or buying, there are ways to effectively reduce and even eliminate these payments completely. What This Book Does for You Read This First! About The Author TABLE OF CONTENTS How to Live Rent-Free 12 Introduction Why you might consider rent-free living 12 Chapter I 13 RENT-FREE (Residential) 13 Living Rent-Free 13 Have Someone Else Pay Your Mortgage 14 Creative Room-Mate Strategy 16 House Sitting 18 Condo Conversions 21 Renting Condos to Sublet 21 HUD Programs 27 List of Addresses and Telephone Numbers 35 for Offices of Public Housing Rent-Free Shelters 42 Free Housing for Program Participants 43 Live-In Jobs 44 Mobile Real Estate 45 Cruise Ships 46 9 How to Live Rent-Free_____________________________ Living Rent-Free On Your Own Boat 46 Get Mail Address Clients to Pay Your Rent 49 Chapter II For Homeowners 53 Long-Term Moratoriums on Payments 53 (How To Skip Your House Payments For One Month to One Year With No Penalties) Buy A New Home with No Monthly 58 Payments For Up To Five Years Bank Loans 58 Seller Financing 59 Over-Financing 62 Add-on Rental Property 69 Reverse Mortgages 77 Get Corporate Sponsors To 79 Pay Your Rent Alternatives to Billboards 82 The Proxy Investor Strategy 83 CHAPTER III How To Get Free Real Estate 89 Adverse Possession 89 14-Step Action Plan 97 To Acquire Abandoned Property Free Real Estate with Government Tax Lien Sales 101 Free Real Estate from Government Programs 103 How To Get Uncle Same To Buy You Your Home Equity Sharing 105 Free Real Estate With The House Moving Method 111 The $1 Home Program 113 Copy Of HUD Document Re: The New $1 Home Policy 117 Escheat Real Estate 122 Chapter IV Rent-Free Travel/Vacation Lodging 123 Rent-Free Living At Writers & Artists Colonies 123 List Of Writers' Retreats 127 10