Fixer Jay’s Mom & Pop Millionaire Blog

For many years, I’ve advised readers, both start-out investors and “old salts” alike, to consider investing in multiple-unit properties because the returns are far superior to a single house. Small groups of houses or duplexes – 5 or more, can be purchased for no more down payment than buying just one house, yet the benefits and income will be greater by 5 times. Also, the opportunity to receive seller financing for all or part of the deal is much greater. Seller financing is a tremendous benefit for do-it-yourself investors because terms can be adjusted to fit the purchase. This means it’s much easier to generate cash flow lots quicker with seller financing.

To better under the power and profit potential of my Colony Concept; you can review the 15 minute video presentation by clicking to my home page. “The American Dream” presentation by 2 of my successful students should help you to better understand why colony houses can rip, snort and rumble. If your plans include flow now faster cash - or full-time investing with a worry-free retirement, do yourself a favor – study the numbers and the presentation very closely – you’ll be glad you did!

Tags: Fixing For Money by FixerJay
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Many small mom and pop type investors give up the opportunity to make a ton of money and have a wonderful free come ­and-go” lifestyle simply because they never see the importance of learning to be a skilled landlord. You don’t become a skilled landlord when you acquire houses. You become the owner-that’s all! Skilled landlording will take some education.

Basically there’s just two ways to learn landlording. You can learn from people like me or you can learn from the tenants. If you pay me 10 times more than I charge to teach you, it’s cheaper than learning this job from your tenants.

Every landlord should know and under­stand landlord-tenant laws in his own area. Once you know the laws, your fear of rent­ers or of being intimidated will vanish. An overwhelming number of property owners incorrectly assume these laws favor deadbeat tenants. I can assure you this is not the case, although sometimes it appears that way. Laws are mostly about equity. Remember, there are unscrupulous landlords as well as naughty tenants.

Landlords often find themselves in serious hot water with tenants because they try to inject too much logic and common sense into tenant management. Logic and common sense have their place, but they seldom count for much where legal issues are concerned. For example, it is nearly impossible to effec­tively force your personal living standards and ideals on your tenants. To do so could seriously affect your sanity. What earthly good would it do to make a million dollars from your rental properties if your tenants drive you crazy?

Tags: Managing Tenants and Toilets by FixerJay
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Like most successful investors, I suffered through a probationary period! That’s when there’s almost as good a chance of going broke as being successful. What finally saved my bacon was when I started buying the kind of properties that would earn enough income to pay me every month. That might not sound like much too some folks – but to me, it was the discovery that kept my investment career alive – and my faith intact!

Fixer investors enjoy A major advantage over all the other investors because there’s no up and down cycles to slow you down. Unlike the general housing market, the fix-up strategy never changes regardless of what the economy does. Although I currently own a number of American dream houses now – I don’t mind confessing – my fixer properties bought every single one of them!

Once you have a few dollars to jingle – and a respectable cash flow, you are now in a position to acquire quality houses, so long as they’re close to break even. I could never move forward very fast until I figured out the sequence! Go for cash flow first – quality houses, second!

Tags: The Joy of Cash Flow Investing by FixerJay
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Hey kids, don’t try this at home – you must know exactly what you’re doing before it will work — But once it does work for you, you’re gonna love the results. This is a co-ownership plan where “Money Bags”, the investor, is willing to fork over 90% of the purchase price and fix-up costs in return for 50% of the fixed- up profits. Obviously, “Money-Bags” must be sold on your abilities as a profitable investor who knows what he’s doing and capable of making promised rewards.

My 90/10 plan works exactly like hamburger-helper, only better! As you can already guess you can leap tall buildings in a single bound when someone else puts up 90% of the cash needed. Your 10% contribution takes on maximum leverage - and what’s really nifty, you earn 50% of profits for such a paltry amount!

As most mature adults already know, something that sounds this good is bound to have a catch, so what is it? The catch is you! You must know what you’re doing! The investor who shells out 90% for any deal will do so only if you have a reputation for turning out successful projects. It works slick, but you must be able to present your plan and write up a proper agreement.

Tags: Success Secrets by FixerJay
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Right now is a perfect time to consider income-producing properties!   Done correctly, these properties offer fail-proof investing – plus the income (rents) is indexed to regular living costs, which provides protection against inflation. For W-2 wager earners attempting to save money for retirement, acquiring small apartments offers the perfect business opportunity.

To start with, whatever amount you have to invest can quickly be multiplied with safety. This is extremely important because many so-called retirement plans linked to the depressed stock market continue to collapse, dumping your dollars as you read this letter. Extraordinarily high investment returns of 20-50% are not the least bit uncommon for leveraged real estate – and when your transactions are properly structured, all positive income can be sheltered from Uncle Sam’s tax collectors.

Cheap houses in a bunch (like bananas) and small rundown apartment units offer the best ray of hope for Mom & Pop investors in their search for cash flow investments. This is what I teach at my FIXER CAMPS and this strategy has made many students wealthy and financially independent. Many have built sizeable retirement incomes that won’t dry up before they do. My investment techniques are very do-able for average working folks! First of all, we’ll build a solid cash flow foundation so we never have to retreat! Every now and then, someone asks me — Will your teaching make me like Donald Trump? They answer is no, it will not. I can however teach you ways to invest that will make you financially secure for your remaining days on the planet – assuming of course, you’re ready to do your part!

Perhaps the most significant benefit for ordinary working folks who are concerned about their future is that affordable rental houses and small apartments can provide a quick alternate income. Also, income property equity builds much faster than traditional savings plans because affordable houses are always in demand. Additional income, equity growth and increasing cash flows offer the best guarantee that you11 be able to enjoy the comfortable retirement you deserve and are counting on!

Tags: Growth, Risk and Longevity by FixerJay
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People buy or rent houses, mentally, before they ever set foot inside. Many buying and renting decisions are made in the car going 20 MPH as prospective customers drive through the neighborhood for a quick peek! These drive-bys or quick- peeks are where you’ll make a sale or lose it. If your property doesn’t show well on the outside, most folks will simply assume it looks about the same way on the inside! This is why I always advise students to concentrate their efforts on fixing up the out­side before they start on the inside. The only exception I’ll make is when it’s raining!

Exterior painting is one of the most produc­tive jobs on the fix-up list. It’s not unusual to spend $100 painting and get back $10,000 or more in added sale profits. You’re accom­plishing high leverage fix-up when you can spend one dollar – and get ten dollars back!

Tags: Fixing For Money by FixerJay
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