BiggerPockets

It's your usual rehab strategy -- buy low, fix and sell after awhile. It works but some of the stuff in his books is BS.

Hi tcul, Lee G,
I have know Fixer Jay for 20+ years. I bought most of my 85 cash flow houses, using his techniques. I bought most of them over a 3 year period, not starting with a boat load of money. Another friend, Don has bought 39 homes the same way. One thing to realize is Jay, Don and I are not buying typical fixers one at a time.. We buy groups of older homes on a single parcel. Most are run down and the sellers know they can't be bank financed and will carry the financing themselves. Your investing goes a lot faster when you buy in groups. Jay just introduced his free Financial Freedom Series on his web site, [LINK REMOVED] (you will also get his weekly blog, that he has posted for the last 4 years). Note, When we all sell, we are happy to carry back the financing. We are able to get a high price and keep the monthly payments so the seller gets his profit. Plus, we only pay taxes on the monthly payments and not the principal. Because these loans are usually interest only, we receive monthly payments and at the end of the loan term are still owed the full face amount of the loan. It is pretty simple stuff, but who else teaches this this? Take care, Dan By the way, with our type of buying, WE force up the value, we do not cross out fingers and wait for market appreciation. Also, because our 5 cash flow houses, using his techniques. I bought most of them over a 3 year period, not starting with a boat load of money. Another friend, Do

Attention Lee G up in Utah,,,,

I know Jay Decima and have studied his teachings

Hes a very nice guy,,,transparent,,,unpretencious,,,,and in a word,,,

He has done very well for himself,,,

We dontcha give Ol Jay a phone call sometime,,,?

I think you'll be pleasantly surprised,,,,

You might want to visit Redding California for a few days after the phone call,,,,

Best

Dave Doyle
Monrovia Calif

What I'm trying to convey James,is that Jay Decima is one of the few teachers that will show the properties he bought ,one at a time in chronological order,purchase price,how he financed them [usually seller financing] how he rehabbed them,how he rented them up,and more importantly how he manages them for positive cash flow.

He owns many properties in Redding Calif.

He also has a great reputation in the eyes of many conservative reviewers including John "Jack" Reed.

I'll summarize where I think Jay's approach makes sense:

FixerJay's target market is the lower (but not lowest) end of the rental market and he excels in demonstrating what to do and not to do in order to profitably work this market.

Jay has several books and home study courses that are representative of the market he prefers. His preferred strategy is to acquire clustered houses from a seller who has mismanaged the group and willing to accept paper that allows the buyer to still see positive cash flow.

I first met Jay when my friend Mike Cantu insisted we travel together to Redding, CA and take Jay's 3-day, hands on, property rehab course. Lots of fun. I got to see lots practical approaches that I would not see in a textbook or read in a discussion forum.

Jay's target market is the section 8 tenant. He knows how to keep his properties in good order yet do so profitably. I'm not new to real estate, however I appreciated seeing his approach, methods, strategies and tactics first hand.

Jay's made his money in real estate, not training. That's an important distinction to understand when checking out educators. Also, he ain't no spring chicken and well into his seventies and, although sharp as a tack, he won't be teaching forever.

It may be true that you can learn much from books, CD's and free forums. Personally, I enjoy seeing things and meeting people in person and see for myself if it's real. There are plenty of people on this and other forums who are very opposed to spending money on education that they believe can be obtained without the personal interface. I see this as operating in a vacuum however just because it's not my style does mean they're wrong or that I'm right.

I just remember what the difference between ground school and building flying hours was like when I got my pilot's license.