Comments on: ANOTHER PERFECT STORM

By: Roy Northcutt

Roy Northcutt — Tue, 16 Sep 2008 15:06:45 +0000

Gerald,

Bob is fixer-jay’s nickname and the name some of his tenants call him.

Roy

By: gerald bruner

gerald bruner — Tue, 16 Sep 2008 01:20:33 +0000

hello Roy, Gerald here. Whose Bob ? Just wonderin. Thanks

By: Roy Northcutt

Roy Northcutt — Thu, 11 Sep 2008 11:50:13 +0000

Bob,

My apologies for the tone of my previous post. Out of 7 tenants, I have 2 slow-paying deadbeats that are testing my resolve and patience to be a landlord. It was my fault in renting to them in the first place and now I am paying the price of admission of landlording.

Yes, I could probably use another Fixer Camp to
re-charge my batteries which are running on low right now. I will get through this.

Thanks for your advice and coaching.

Roy

By: FixerJay

FixerJay — Wed, 10 Sep 2008 18:35:27 +0000

Roy – I know I’ve taught you better than your comments! Otherwise, I’ll need to bring you back out to California for a Fixer Camp repeat and hammer on you some more!

Your properties are pumping out cash flow. Don’t sell them till you’re all done investing – then if you wish, sell and carry paper. Sounds fine.

Recessions don’t mean squat in our business. We rent affordable houses. We always have paying customers and by the looks of things more are comin’. Don’t slow down, the deals just get better OUR WAY.

FIXER JAY

By: Roy Northcutt

Roy Northcutt — Wed, 10 Sep 2008 12:19:27 +0000

Bob,

If inflation does cut loose and sends interest rates into double digit numbers like in 1981,…are you advising your disciples to sell their gooses that lay the golden eggs each month OR just hold on to them. If your money making single family house, duplex etc. doubles in value overnight, do you sell and run with the loot OR continue to hold them for monthly cash flow.

This “recession” our country is experiencing is making me nervous as an investor. I plan to sit on the fence for awhile before buying another fixer-upper.

Roy in Alabama

By: FixerJay

FixerJay — Tue, 09 Sep 2008 18:24:55 +0000

Hi Gerald: Yes, I’ve been a California investor my entire career. The credit for current situation is mainly caused by “the want everything now generation”.

Using home equity loans for toys, cruises, new pickups – meaning bigger payments with no additional income! When rought times come, families have no reserves to fall back on. Also, relaxing credit rules has hurt everyone. For conservative folks, it’s Christmas time!

Fixer Jay

By: gerald bruner

gerald bruner — Tue, 09 Sep 2008 14:31:04 +0000

good morning Jay, once again an exellent discussion. Maybe a couple of ?s, you seem to be crediting jimmy w/ the enviorment that was conducive for the results experenced (as you put it) by savey investors who were paying attention. I was out of the loop during that time and am not making any claims to being in the loop now, but I am certianly in a much better position at this time than I have ever been in my life to seize the opportunities coming, ( w/ much credit going to our own personal mentor and hero” FIXER JAY” ) Thank you sir. My question now is where does the credit belong for what we are seeing at this time. I think you will agree that possibly in our life time (and maybe never) there has never been so many contributing factors, as well as diverse contributers. Don’t missunderstand my question here, I am not trying to make a political pitch, on the contrary, I am simply picking your resourses for as clear a picture as possible. With my learning disability I have to move as far away from asumption as possible, after all you have taught us well whose responsible for the decisions we make and even slow learners have some life lessions to draw on. Again Jay, thank you for being who you claim to be. You really haven’t always lived in california have you? Gerald