Updated about 9 years ago on .

THE REAL ESTATE FISHERMAN book (2016)
THE REAL ESTATE FISHERMAN Published 2016. Available in bookstores and Amazon.
I have been investing in real estate for 50 years and teaching it to my students for 30 years.
At my high point I had 260+ single rentals in Northern Calif. I did not buy them one at a time---takes too much time. I bought them in groups. This is what I teach. The down payment on a group of 5 or 6 small houses on a single parcel is about the same as you would pay on a single home in the suburbs.
I have done many flips but realized years ago that is just like having a job. You pay the highest tax on ordinary income and you pay social security tax on the profits also. You don't get the tremendous tax benefits and cash flow that you would get from long term rentals....year after year.
My 5th and most recent published book (2016), THE REAL ESTATE FISHERMAN is my most focused book on the above subject. In it, I go into detail on one of my properties, Cherry Street....6 small houses that were hugely profitable for 26 years and continued to be profitable may years after selling (I carried the financing).
See more about my new book at fixerjay.com.
I hope you enjoy it. I have gotten tremendous good feedback on it so far.
Good Luck
Fixer Jay DeCima