Fixer Jay’s Mom & Pop Millionaire Blog

A friend of mine makes $3400 extra every month from his rental houses. I’m  talking cash money here — The kind that’s left to spend after all the expenses I are paid. That also includes the monthly payments on Ricky’s new Chevy truck. Ricky is the oldest boy. He does all the maintenance work on the family’s rental properties.

My friend started buying and fixing rental house many years ago. Ricky was twelve years old then. By the time his sixteenth birthday rolled around, Ricky could paint bedrooms in his sleep. “Painting has never been my favorite past-time”, he says — “But my paintbrush paid for my college. Besides that, I’m part-owner of every room I’ve ever painted.”

SEVEN REASONS WHY YOU SHOULD CONSIDER “INVESTING TODAY”

1. Extra family income to supplement your job.

2. Career changing — How to become your own boss.

3. Send the kids to college from the rental house fund.

4. Building wealth — Acquire assets to produce future income stream.

5. Tax benefits — $25,000 write-off against regular wages.

6. Develop a guaranteed income in order to quit working sooner.

7. Build a retirement nest egg.

Making big money in real estate can be accomplished much faster by using the copy-cat method — Copy someone who is already successful: That way you can avoid the learning mistakes that “,most investors make. – Ya got it!

Tags: The Big Picture by FixerJay
No Comments »

Hiring workers, especially handyman type has become a “red hot” issue with state and federal agencies that oversee employees. Knowing the rules is very important for everyone in the business of fixing up houses when you can’t do everything by yourself.

It makes no sense whatsoever to negotiate “killer deals”, and earn the big bucks, only to have everything taken from you because your handyman fell through the window he was fixin’ – or choked on mold fumes painting your bathroom. You can protect yourself from these potential problems rather easily – but only if you know the rules to begin with!

Hiring workers is an absolute must for property owners who must have help to build their personal wealth — There’s simply no way around it! One choice is to hire state licensed contractors for $100 an hour (California rates), but after paying them, where’s your profit? Thankfully, there is another way, but there are some rules you must follow. You must understand your options clearly so you can make the right choices.  For more help, see my website www.fixerjay.com

Tags: Growth, Risk and Longevity by FixerJay
No Comments »

If you’re a real estate investor or wannabe, and you’re on the fence about whether you should be investing in this down market – you’re in danger of missing out on one of the best opportunities for investors in many years. The reasons are many, but here are 3 of the most important to your wealth.

1. The general public is down on real estate. They believe all real estate is losing value; therefore, competition is at an all time low, which has created a tremendous advantage for investors.

2. Extraordinary deals are much easier to negotiate because the general attitude of many sellers is that they must cut prices and offer better terms and concessions if they expect to sell their properties.

3. Supply & Demand — There’s a lot more real estate for sale than there are willing buyers. Many offers will get accepted today that wouldn’t have stood a chance just 3 years ago! It’s truly a buyer’s market right now!

Since most distressed sales are actually not good for investors, it’s very important that you understand which properties will fit your goals for building net worth for you and your family. The key ingredient is the benefits – rather than the property. The question you must always ask yourself has never changed! If I acquire this investment – what do I get?

Tags: Vision of Opportunity by FixerJay
No Comments »

Opportunities to acquire wealth building real estate have never been better for investors who have the vision and basic skills to charge ahead. While the “chicken little” disciples dance around on the sidelines waiting for the sky to fall, shrewd investors are busy pickin’ cherries off the top branches!

The big chase today is for the huge pool of houses dumped by their owners and foreclosed by the banks. Obviously, price slashing is the major attraction – but investors should ask themselves – slashed from what inflated appraisals to begin with, may not be a sound starting point to determine true value.

When I invest my money, I insist on being able to project my profits and cash flow within a reasonable period of time. If there’s some reason I can’t, then it’s too much risk in my judgment. Having control over financing and terms (like with seller financing) eliminates most of the risk and guarantees 111 make my profits. Without this control, the best I could do is guess!

Tags: Finding Bargain Properties by FixerJay
No Comments »

My good friend’s son, Albert, paid $100,000 to work for Applebee’s-Bar & Grill. After four-years of college and-a $41,000 unpaid school loan, he’s now the assistant manager. Since he’s barely making the interest payments, he’ll be on Social Security before his education is paid for.

In contrast, I have many students, both current and past, earning $ 1 00,000 a year and lots more. They all learned how to invest in affordable income-producing properties for about one-tenth the cost of Albert’s education. I might add that none of them ever needed a $41,000 student loan to start making money.

Am I missing something here?

Tags: The Big Picture by FixerJay
No Comments »