All Forum Posts by: Jay DeCima

Hi Robert

I, and many of my students, have done fixers.  I like all kinds of real estate, but my buy and hold strategy I used over the last 27 years is the gold standard of investing..........when used with my kind of buying of groups of older homes on a single parcel.

My latest book, THE REAL ESTATE FISHERMAN, covers what I do in detail. You may be familiar with my 5 previously published books, selling over 260,000 copies.

You can get some details at fixerjay.com

Feel free to comment to me later.

Best

Fixer Jay DeCima

Hi Christian

I have a Bigger Pockets Marketplace ad for a comprehensive online Real Estate Investing Course.

Here is the link.  Click here.

As you go through what is offered we spend a lot of time on fix up.  You do not need to be a contractor to do this.  We teach you what things to fix up first (ones that put money in your pocket the quickest).  

Check the links and comment to me if you have questions.

Best

Fixer Jay DeCima

Hi Rainelle

Over the last 28 years I have taught 1000s of students my version of multi-unit investing, but my way is probably not something you have heard of before.  I buy groups of old houses, on a single parcel in older parts of towns.

Here is a link to my BP Marketplace ad.  Click here.

Click through to see a short video of why my way of buying is so different from buying one single family home at a time.

After you review, feel free to add comments here.

Best

Fixer Jay DeCima

Hi Sherrell,

I have mentored and taught 1000s of students over the last 28 years.  Here is a link to my Bigger Pockets Marketplace ad. Click here

When you click through to the course information, you will see it covers what you need to start, especially without a boatload of money.  Check the video you see to get an example of my type of groups of cash flow properties and why they are so profitable (and safer than one single family home).

Fell free to ask questions in the comment are after you review.

Best

Fixer Jay

NEW....ONLINE TRAINING COURSE  

Fixer Jay's

REAL ESTATE INVESTOR TRAINING SEMINAR-COURSE

260,000+ previously published books sold.  CLICK HERE to view first 2 chapters free on Amazon.

Good luck.

Fixer Jay DeCima

Richard

I have been investing for 50+ years and teaching my trade for 30 years. I have 5 published books with sales over $260,000 copies.

I show my students how to buy groups of houses with low downs and seller financing.

Check my website, then sign up for the blog. Fixerjay.com

Good things coming in about 2-3 weeks.

Thanks

Fixer Jay

Luke

I have been investing for 50+ years and teaching my trade for 30 years. I have 5 published books with sales over $260,000 copies.

I show my students how to buy groups of houses with low downs and seller financing.

Check my website, then sign up for the blog or online courses. Fixerjay.com

Good things coming in about 2-3 weeks.

Thanks

Fixer Jay

Ricky

I have been investing for 50+ years and teaching my trade for 30 years. I have 5 published books with sales over $260,000 copies.

I show my students how to buy groups of houses with low downs and seller financing.

Check my website, then sign up for the blog or online courses.   Fixerjay.com

Good things coming in about 2-3 weeks.

Thanks

Fixer Jay

Rhonda

Don't jump off a tall building yet.

Do you know what max rent HUD Section 8 will pay for your house?

If not go to https://www.huduser.gov/portal/datasets/fmr/fmrs/d...

Choose 2017, your state, your county, number of bedrooms.  It will tell you the max rent they will pay.  Note that I lots of Section 8 tenants.  For example a 2 bedroom max rent Section 8 will pay may be $1050.  I have some of these rented for $1050 and one tenant pays $50 of their money and the rest is Sec. 8, one pays $ of their money, and another pays $400.

Credit is almost never good for my section 8 clients but I rent to them all the time. Think about it. If Section 8 pays 1000 and the tenant pays $50 there is not a lot of downside to you on the rent. In blue collar areas, like mine, a $1000 rental probably requires a 2 people working at service type jobs to make the rent. I would rather have more guaranteed rents from HUD

At my high point I had $250 rental homes in Northern Calif (simple homes in blue collar areas).  I have had just as my bad non Section 8 tenants as I have had one on section 8.

Don't expect good Section 8 credit scores.  Better to us what their portion of rent is, why they are moving, reference from last landlords.

Lastly, I have found my Section 8 tenants stay with me for a longer period of time.