Jay Decima
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Partnering On Real Estate Deals For The Right Reasons
My personal investment strategy has constantly changed over the years as I’ve discovered what works, what don’t and how to “tighten-up” my deals to maximize cash flow. I’ve always felt that investing alone is better than splitting the pie and sharing my profits! However, I have had several excellent partnership ventures over the years. And I must tell you this, when they work, you can achieve your financial goals many times faster than doing deals alone. But remember, I said when they work – that’s the tricky part.Partnerships are like marriages – there are some good ones that last a…
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Landlording Skills Worth Big Bucks
Folks now I consider landlording and people management the $10 job that earns me $90. That saying comes from the fact that I charge 10 percent for managing properties. I don’t manage properties for others anymore, but years ago I did to help keep the wolves away from my door.If you’re just starting out with your investing career and you already have a little experience managing a couple of your own properties, I’m sure your net income is minimal, especially for highly leveraged purchases. If so, you might consider managing a few extra houses to prop up your income. Charge…
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Fixer Houses High Profits, Low Risk
William Nickerson, author and fix-up millionaire, began fixing rental houses over fifty years ago. Bill concludes in his best-selling book, How I Turned $1000 into Three Million in My Spare Time, “The chances for success are 1600 times better owning and operating rental properties than for starting another type of business.” If you need more convincing, I suggest you write to Bank of America Business Services Dept. or Dun and Bradstreet Credit Rating Service, Inc. The information they provide about starting other businesses and the odds for success are quite gloomy by comparison.Opportunities for serious minded real estate investors who…
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Finding the Right Properties – A Mystery Unraveled
One of my favorite methods I use to locate and purchase the kind of properties I buy is to drive around my own town or a particular buying area and scout-out the properties that look like potential purchase candidates.Let me describe what I mean by potential purchase candidates. These properties are not on the market or at least I’ m not aware if they are. They are simply properties that appear to have most of the qualifications I’m looking for. Let’s review the qualifications again so that we’re all thinking about the same kind of properties.A. Multi-Units. Group of houses,…
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Cash Flow Today – The Key To Longevity
When you own the houses, you have your own personal money machine! Obviously, you must maintain the property and provide the necessary management- But, in exchange for doing that, you control the money’ It’s yours to spend any way you choose. Owning your own widgets is the surest path to financial independence. The basis for wealth behind nearly every rich person can be traced back to the ownership of a patent, a copyright or a deed! Owning income real estate puts you in with the right crowd.Well-Financed Houses Are Very Little RiskIn terms of investment risk, I’m talking about the…
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Avoid Negative Thinkers Like The Plague!
“You might as well realize that the time for opportunity is past. There’s no longer any use trying to save for investing. The best you can hope for is to keep a steady job and stay off welfare. Nobody will ever again be able to build an estate big enough to produce an independent income.” These are the words of an economics professor from a prestigious California university. In a moment I’ll tell you the rest of the story. But first, let me emphasize how important it is to choose very carefully who you listen to. You will always learn…
