All Forum Posts by: Jay DeCima

Denise

I just posted this to another newbie.  Buy and hold has been very good to me over the last 40+ years.

Post"

I've done almost all kinds of investing over the last 50 years.

Here are a few things that may save you a ton of time:

1. I've done many, but flipping and wholesaling are jobs. You pay regular taxes, including social security, like a job and there are not many tax breaks.

2. Long term buy and hold is where you build your real estate wealth. Over time your tenants will pay ALL your bills and for your lifestyle.

3. My biggest success over the years came from buying GROUPS (5-8 houses) of older homes on a single parcel, in older, blue collar parts of town (not slums). Because banks will not finance these types of properties, 90% of the time I got seller financing. The seller knew he/she would be taking back the financing. I did not have to talk them into it.

4. I suggest you read up on a few kinds of investing you are interested in and then pick the one you think would be the best for you, and one that will not require a boatload of cash to start. Then find the best mentor you can in that kind of investing. Learn from that person and stay focused on their kind of investing. Find some of these mentors on a Google. See how many pages of results pop of for them.

You will become an expert in a much shorter time period if you are not going in 5 different directions at the same time.

If you want to find out more, there are 300+ blog posts on my website, organized by categories.

To go to my blog, go to the website address below in my PB signature. fixerjay.com.

I also started a BP blog last week and will be posting weekly, at INVESTING IN MULTI-UNIT PROPERTIES

Good Luck

Fixer Jay DeCima

Maurice

After 40+ years of managing my portfolio of 200+ homes myself, I developed my way to do it.  I manage my tenants by mail. Yes, very little direct tenant contact.

Here is a post to my new BP blog:

MANAGING YOUR TENANTS BY MAIL........KEEP YOUR SANITY

If you want to find out more, there are 300+ blog posts on my website, organized by categories.

To go to my blog, go to the website address below in my PB signature. fixerjay.com.

Good Luck

Fixer Jay DeCima

Tim (my last send to you seems like it was only a partial send, sorry)

Let me show you what I have done in Northern California for the last 40+ years.  And......I strongly suggest you DO NOT buy out of state.  You just loose control, especially if you are a newbie.

I find my groups always in older parts of town, not suburbs and NOT slums.  Simple homes in blue collar areas.  I rent many Section 8 tenants.  At my high point of 250+ rental homes, over 40% were sections 8 tenants.I've done almost all kinds of investing over the last 50 years.

Here are a few things that may save you a ton of time:

1. I've done many, but flipping and wholesaling are jobs. You pay regular taxes, including social security, like a job and there are not many tax breaks.

2. Long term buy and hold is where you build your real estate wealth. Over time your tenants will pay ALL your bills and for your lifestyle.

3. My biggest success over the years came from buying GROUPS (5-8 houses) of older homes on a single parcel, in older, blue collar parts of town (not slums). Because banks will not finance these types of properties, 90% of the time I got seller financing. The seller knew he/she would be taking back the financing. I did not have to talk them into it.

4. I suggest you read up on a few kinds of investing you are interested in and then pick the one you think would be the best for you, and one that will not require a boatload of cash to start. Then find the best mentor you can in that kind of investing. Learn from that person and stay focused on their kind of investing. Find some of these mentors on a Google. See how many pages of results pop of for them.

You will become an expert in a much shorter time period if you are not going in 5 different directions at the same time.

If you want to find out more, there are 300+ blog posts on my website, organized by categories.

To go to my blog, go to the website address below in my PB signature. fixerjay.com.

I also started a BP blog last week and will be posting weekly, at INVESTING IN MULTI-UNIT PROPERTIES

Good Luck

Fixer Jay DeCima

Tim

Let me show you what I have done in Northern California for the last 40+ years.  And......I strongly suggest you DO NOT buy out of state.  You just loose control, especially if you are a newbie.

I find my groups always in older parts of town, not suburbs and NOT slums.  Simple homes in blue collar areas.  I rent many Section 8 tenants.  At my high point of 250+ rental homes, over 40% were sections 8 tenants.  There are many good reasons for this.

See what older areas are, say, 50 miles from you inland away from the ocean.

I've done almost all kinds of investing over the last 50 years.

Here are a few things that may save you a ton of time:

1. I've done many, but flipping and wholesaling are jobs. You pay regular taxes, including social security, like a job and there are not many tax breaks.

2. Long term buy and hold is where you build your real estate wealth. Over time your tenants will pay ALL your bills and for your lifestyle.

3. My biggest success over the years came from buying GROUPS (5-8 houses) of older homes on a single parcel, in older, blue collar parts of town (not slums). Because banks will not finance these types of properties, 90% of the time I got seller financing. The seller knew he/she would be taking back the financing. I did not have to talk them into it.

4. I suggest you read up on a few kinds of investing you are interested in and then pick the one you think would be the best for you, and one that will not require a boatload of cash to start. Then find the best mentor you can in that kind of investing. Learn from that person and stay focused on their kind of investing. Find some of these mentors on a Google. See how many pages of results pop of for them.

You will become an expert in a much shorter time period if you are not going in 5 different directions at the same time.

If you want to find out more, there are 300+ blog posts on my website, organized by categories.

To go to my blog, go to the website address below in my PB signature. fixerjay.com.

I also started a BP blog last week and will be posting weekly, at INVESTING IN MULTI-UNIT PROPERTIES

Good Luck

Fixer Jay DeCima

Cleopatra

I just posted this to a newbie today.

Post:

I've done almost all kinds of investing over the last 50 years.

Here are a few things that may save you a ton of time:

1. I've done many, but flipping and wholesaling are jobs. You pay regular taxes, including social security, like a job and there are not many tax breaks.

2. Long term buy and hold is where you build your real estate wealth. Over time your tenants will pay ALL your bills and for your lifestyle.

3. My biggest success over the years came from buying GROUPS (5-8 houses) of older homes on a single parcel, in older, blue collar parts of town (not slums). Because banks will not finance these types of properties, 90% of the time I got seller financing. The seller knew he/she would be taking back the financing. I did not have to talk them into it.

4. I suggest you read up on a few kinds of investing you are interested in and then pick the one you think would be the best for you, and one that will not require a boatload of cash to start. Then find the best mentor you can in that kind of investing. Learn from that person and stay focused on their kind of investing. Find some of these mentors on a Google. See how many pages of results pop of for them.

You will become an expert in a much shorter time period if you are not going in 5 different directions at the same time.

If you want to find out more, there are 300+ blog posts on my website, organized by categories.

To go to my blog, go to the website address below in my PB signature. fixerjay.com.

I also started a BP blog last week and will be posting weekly, at INVESTING IN MULTI-UNIT PROPERTIES

Good Luck

Fixer Jay DeCima

Jeremy

Here are a couple resources to look at. I have been doing my kind of cash flow, buy and hold investing for 40 years. If you want to find out more, there are 300+ blog posts on my website, organized by categories.

To go to my blog, go to the website address below in my PB signature. fixerjay.com.

I also started a BP blog last week at: 8 RULES FOR CAREER CHANGERS

Good luck.

Fixer Jay DeCima

Laura

Take if from an expert here, you are on to something very good here.  I have invested in groups of simple, affordable, blue collar house for 40+ years in Northern California.

Let me make a slight change in what you are looking at that can have a huge effect on your investing. Instead of a 4-plex, start thinking just a little differently.

My biggest success over the years came from buying GROUPS (5-8 houses) of older homes on a single parcel, in older, blue collar parts of town (not slums). Because banks will not finance these types of properties, 90% of the time I got seller financing (on over 250+ rental homes I had at my high point). The seller knew he/she would be taking back the financing. I did not have to talk them into it. My down payments usually were around 10%.

I suggest you read up on a few kinds of investing you are interested in and then pick the one you think would be the best for you, and one that will not require a boatload of cash to start. Then find the best mentor or expert you can in that kind of investing. Learn from that person and stay focused on their kind of investing. Find some of these mentors on a Google. See how many pages of results pop of for them.

I have written extensively in my blogs over the last several years. You can view the blog by going to my website link in my BP signature below, then you can search the blog (300+ posts) by CATEGORY.

I also stated a BP blog last week and should post each week.

BP blog at MANAGING YOUR TENANTS BY MAIL........KEEP YOUR SANITY

Good luck.

Paul

Here are a couple resources to look at. I have been doing my kind of cash flow, buy and hold investing for 40 years. If you want to find out more, there are 300+ blog posts on my website, organized by categories.

To go to my blog, go to the website address below in my PB signature. fixerjay.com.

I also started a BP blog last week at INVESTING IN MULTI-UNIT PROPERTIES

Good luck.

Fixer Jay DeCima

Tekla

Here are a couple resources to look at. I have been doing my kind of cash flow, buy and hold investing for 40 years. If you want to find out more, there are 300+ blog posts on my website, organized by categories.

To go to my blog, go to the website address below in my PB signature. fixerjay.com.

I also started a BP blog last week at INVESTING IN MULTI-UNIT PROPERTIES

Good luck.

Fixer Jay DeCima

Mitch

Here are a couple resourses to look at.  I have been doing my kind of cash flow, buy and hold investing for 40 years. If you want to find out more, there are 300+ blog posts on my website, organized by categories.

To go to my blog, go to the website address below in my PB signature. fixerjay.com.

I also started a BP blog last week at: 8 RULES FOR CAREER CHANGERS

I suggest you read up on a few kinds of investing you are interested in and then pick the one you think would be the best for you, and one that will not require a boatload of cash to start. Then find the best mentor or expert you can in that kind of investing. Learn from that person and stay focused on their kind of investing. Find some of these mentors on a Google. See how many pages of results pop of for them.

Good luck.

Fixer Jay DeCima