Fixer Jay’s Mom & Pop Millionaire Blog

In 1970 my license was mailed to the broker at Forestland Realty, located in the small town of Jackson, in the heart of California’s gold country. It was my first job as a real estate salesman. By the year’s end I had earned $7200 in commissions! Not too bad for a start I figured, but still far short of my million dollar dreams

Mr. Roper, my real estate instructor, taught me enough to pass the examination on the very first go-around. At the time I remember thinking he was the smartest instructor in the world – but as things turned out, passing the real estate examination is not the reason I’m still thankful to Mr. Roper today. Instead, it was a casual remark he made to the entire class of 76 students! Here’s what Mr. Roper said

Commissions will not make any of you rich! Rich folks, he said, are the ones who get their names typed on deeds. They are the property owners. He then told us a simple formula for becoming wealthy! He said we should invest 10% of all our commissions in income properties. That way, he said, we’ll be earning money even as we sleep.

Before I sold most of my houses some years back, my rents had soared to nearly 5100,000 a month.  Naturally I had expenses like everyone else – but I must tell you, I’m still a long ways ahead of any commissions I ever dreamed about earning.

Folks often ask me — Is it hard to earn $100,000 every month from rents? When you first start out, it seems impossible, but as you begin to learn, it starts getting easier. First you’ll earn $1000 a month – and before too long you’ll reach $5000. The best part about investing the way I teach – you can quit after 10 houses or keep going till you own 200 like I did.

Tags: Success Secrets by FixerJay
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Most folks who spend time shopping at the big home improvement stores are just like me! They’re continually searching for new ideas and projects they can do themselves to make improvements around the home. They’re ambitious people and many are quite skilled working with their hands! They love fiddling around the house fixing things and installing new gizmos. A good friend of mine is hopelessly hooked! He never seems to run out of new ideas. So far he’s added two new rooms and completely remodeled his bathroom since catching the bug!

What I’m trying to say – The guys and gals who show up bright and early weekend mornings with their shopping lists don’t consider building fences, remodeling bathrooms, pouring concrete and replacing floors – chores beyond their reach. If they botch-up the job, you never see them quit _ they haul out the instructions and start over again until they get it right. The way I figure _ these kinds of people deserve to be MIL­LIONAIRES! Let me share a couple ideas that could easily make this happen.

That bug I mentioned – It’s called the HOME IMPROVEMENT BUG and it’s very contagious – and often comes with an overpowering addiction. Fortunately for those who catch it _ it’s the very same bug that can make you a MILLIONAIRE.

I will tell you from my own experi­ence - It’s fairly easy to convert your handyman skills and personal ambition into a MONEY MAKING OPPOR1VNI1Y that could change your life forever. There’s hardly any difference between working at a hobby for no money – and becoming a house fixer inves­tor that could make you the HIGHEST PAID HANDYPERSON in the neighborhood.’

Tags: The Right Ingredients by FixerJay
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2010 has been a very difficult year! Downturns will come and go, real estate values rise and fall, but the real human difference is 16 million workers who don’t have a place to work anymore. That’s more than twice as many without jobs since this recession started! Take a look around and ask yourself - who will hire and when? With cheap overseas jobs growing and artificial government accounting, propped up by a wasteful taxpayer bailout – which of our brave employers are willing to step up to the plate?

For us serious real estate investor types, including those who’ve always wanted to be, the New Year could usher in a brand new challenge! To begin with, the folks who invest in income-producing properties like I do – and like I teach others about; have an excellent opportunity to end future unemployment problems once and for all! Naturally, you can’t do this overnight – but if you start right now, you’ll be pleasantly surprised how quick you can begin building financial protection for yourself and family that will last you a lifetime.

My current books, available in most bookstores, show you example after example of small rental properties that can totally set you free - both financially and from the unemployment ranks. I say unemployment, because with just a little investor training, you can become your own boss. For serious-minded investors, my plan is quite easy to follow. You’ll start out part-time while you learn the ropes and develop your skills. Full-time investing can come much quicker than you think because you’ll soon discover – it takes a lot fewer tax sheltered dollars to earn a decent living than working for after tax income.

You’ll find that successful investors rarely seek regular employment again _ because they don’t have to. Along with financial freedom, you also achieve what most people dream about - personal freedom and independence. To me, that’s

Tags: Success Secrets by FixerJay
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INVESTING IN RIGHT SEQUENCE

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!

I can tell you from experience – buying the right properties, in the right sequence, makes all the difference in the world. If you’re like me, cash flow is always the biggest concern! It took me several years and some seriously overloaded Visa cards before I gave up the notion that average three bedroom, American dream houses would set me free! They almost broke me instead! Don’t misunderstand me here – I’m not saying they’re not a good investment – I’m saying they don’t provide any cash flow! My dream was to be a full-time investor and have my real estate support me.

When you don’t have a lot of money – and you need cash flow rather quickly, you must invest in the kind of real estate that will produce it. Single houses can produce it someday – but not until the mortgages are paid! If I was lucky enough to earn $100 per house, not likely with a mortgage – I’d need more houses than I could ever afford just to earn pauper’s pay. Fortunately, there” a faster, better way!

The better way is to start with fixer-uppers first – and concentrate on cash flow. With fixer properties, you can force the value up with sweat equity (yours or somebody else’s). With fixer properties, you won’t get stuck in a holding pattern, waiting for appreciation or a turn-around economy. This is very important, if your goal is to create wealth during your lifetime so you can enjoy it yourself!

Tags: Fixing For Money by FixerJay
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