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| | Location: Home » Starting a Business » Real Estate » Start Small, Profit Big in Real Estate: Fixer Jay's 2-Year Plan for Building Wealth - Starting from Scratch | November 23, 2008 |
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| Start Small, Profit Big in Real Estate: Fixer Jay's 2-Year Plan for Building Wealth - Starting from Scratch | 
 enlarge | Author: Jay P. Decima
Publisher: McGraw-Hill
Category: Book
List Price: $19.95
Buy New: $2.50
You Save: $17.45 (87%)
Buy New/Used from $2.50
Avg. Customer Rating:  (10 reviews)
Sales Rank: 95577
Languages: English (Original Language), English (Unknown), English (Published)
Media: Paperback
Edition: 1
Number Of Items: 1
Pages: 300
Shipping Weight (lbs): 0.8
Dimensions (in): 8.7 x 5.8 x 0.8
ISBN: 0071443800
Dewey Decimal Number: 332.6324
UPC: 639785388968
EAN: 9780071443807
ASIN: 0071443800
Publication Date: December 7, 2004
Availability: Usually ships in 1-2 business days
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| Customer Reviews:
| Showing reviews 6-10 of 10 | | « PREV | | |
 Good start but lacking finances. December 20, 2006
2 out of 5 found this review helpful
This is a good beginners book to start buying, fixing and profiting from your real estate fix-up labor. The author describes very well how to find and profit from various types of properties: condos, town houses, single family, etc. The area that I thought was most interesting was the research to search and find apartments, the advise was more practical then other books. The more boring portion were the financials as I did not think anything was innovative in his approach: Buy low, fix then rent for cash flow and/or sell to profit. The author should have elaborated more on the mortgage and financing portion of real estate. If readers follow as described and if you can find the properties the 2-year plan should work.
Enjoy the read and good luck!
Start Small, Profit Big in Real Estate February 21, 2006
6 out of 11 found this review helpful
This author is clearly very successful as a real estate investor and appears to have a great interest in sharing information and tactics to help new investors. His style is "down home" however my guess he is more sophisticated than portrayed in the book. I recommend this book for new RE investors.
 Becoming Wealthy the Old Fashioned Way : Working For It April 5, 2005
34 out of 37 found this review helpful
As one of a handful of real estate gurus recommended by John T Reed, Decima's books are very readable and accurate (with minor exceptions). What is refreshing is that he promotes the classic William Nickerson model...rather than the 'nothing down' nonsense (RichDad/Allen/etc.) or the speculation game (and interest only ARMs). Instead, buy a dumpy house (w/positive cashflow), put in the sweat equity, rent it out, repeat. It's hard work (and definately not sexy)...but the pay just can not be beat. Moreover, buying distressed homes under market protects your investment in the event of an economic downturn (if you bought at 30% discount and median home sales dip 10% - you can still sell at a profit)...and results in lower taxes (at least, in CA).
Using the Fixer Upper Approach March 14, 2005
24 out of 25 found this review helpful
There are a lot of books on how to make money in real estate. Most of them say that you want to stay away from fixer uppers. They say that the time you spend fixing is time that you could better spend buying or selling.
Jay DeCima takes another view. He says that he buys Ugly Ducklings and then fixes them up to make them desirable rentals. He says that most of the fixing up is low skilled labor that he can do himself cheaper than hiring it done. This would include things like clean up and painting. Other more specialized things like installing a new toilet may be something you don't know how to do. So hire a plumber, but watch what he does so you'll at least know how later. He does say, however, that he knows a lot of such investors who contract out the work.
So called sweat equity is certainly a good way to get started. When I was looking for my present house, I looked at a rental. Comparing I found that about five years of rent would be equal to the purchase price of a house.
A good beginner's book. March 5, 2005
26 out of 29 found this review helpful
Jay writing style makes it very easy to follow the material and not get bored. I felt there is a lot of useful information in the book. I would caution the reader that when I compared this book with some of his others, it seemed like each book had a lot of the same material. I would recommend this one, but would not recommend buying all of his books.
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