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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 DeCima
Publisher: McGraw-Hill
Category: Book
List Price: $19.95
Buy Used: $1.37
You Save: $18.58 (93%)
New (31) Used (61) from $1.37
Rating:  13 reviews
Media: Paperback
Edition: 1
Pages: 300
Number Of Items: 1
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
Publication Date: December 7, 2004
Availability: Usually ships in 1-2 business days
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Product Description
From the BusinessWeek bestselling author of Investing in Fixer-Uppers--a plan for building a real estate empire with little or no money down " Fixer Jay" DeCima, the acknowledged king of fixer-uppers, delivers a much-anticipated guide to realizing financial independence through real estate investing. Written in DeCima's trademark folksy style, Start Small, Profit Big in Real Estate provides a complete two-year plan for making it big in real estate starting with little or no money of your own. - You'll learn how to:
- Scout out properties with the highest return
- Calculate the payoff versus the effort involved in any real estate investment
- Find motivated sellers who will finance your properties
- Use leveraging and compounding to utmost advantage
- Negotiate with sellers and win every time
- Make big bucks with rental properties
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| Customer Reviews:
Showing reviews 1-5 of 13
been there done that July 12, 2010
Pamela
Interesting read, but because of books like this, plus Robert Allen, and Carlton Sheets, I'll be in bankruptcy court soon. But hey it was an adventure. I got a great book out of my ups and downs in real estate investing in Akron Ohio. HOUSES OF CARDS recently won and IPPY award. If you want to follow the advise in this book I think you should read mine first! It shows a more realistic view. I did just what this author did, bought distressed houses and fixed them myself. Mine is a humorous tale but not one that would encourage anyone to do what I did. I own 12 single family homes, have a half a million in debt and it took me eight years!
Pamela Frost
Houses of Cards
 Best book on the subject August 17, 2009
Mariusz Skonieczny (ClassicValueInvestors . com)
1 out of 1 found this review helpful
I think this is one of the best books on this subject. I've read many books on real estate and investing in general, this is one of the few that talks about real estate as a business. The author says that the biggest mistakes that inexperienced investors make is to treat this business like a hobby. One small rental house is a business just as 100 rental houses are. I cannot agree with the author any more. When you own a property, you are selling something that is called rental space. That's your revenue, and you also incur expenses. If you do it right, you will have something left, which can be called cash flow, earnings, or whatever you wish to name it.
The strategy behind this book is to purchase rundown properties in decent neighborhoods, fix them up, and rent them out. The author believes that profits in these types of properties are the highest because most investors are not able to look beyond ugly looking houses. They have no imagination of what they can look like when cleaned up. Since there are few buyers, the chances of getting good deals are high. But the author warns you that you must always buy from motivated sellers. If you want the property more than the seller wants to sell it, this is a red flag.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Start Small Profit Big in Real Estate December 30, 2008
Carmeleta Smith
I would have like to know before I purchase the book: A little about the
author's Real Estate experience back ground. A preview or summary of the book.
 Good information, Bad presentation April 25, 2008
K.A.B (California)
0 out of 1 found this review helpful
There is some good, useful information in this book. But personally I found it hard to get past the country boy, hick lingo that he uses so much. For example, "Never Try to Milk a Steer". There are so many metaphors like this, I couldn't get through the whole book because I was laughing instead of absorbing the information. Most of the information is good, but if the book was more well written it would be alot better. I stopped reading this book and moved on to another one that I purchased at the same time, Millionaire Real Estate Mentor, I think its written by Russ Whitney or Ross Whitney, something like that. That one is awesome so far and I would recommend it above this book any day.
 Better Alternatives Available February 26, 2008
Jack Ramsey (USA)
1 out of 2 found this review helpful
Author's basic premise makes sense-- there is money to be made buying fixer upper single-family houses that are rehabbed and rented for investment income. Author suggests focusing on houses that require cosmetic repairs and/or sweat-equity repairs that offer cost savings via investor completed repairs versus hiring and paying a professional.
Book's shortcomings include ad nausea repetition, a lack of practical how-to advice and too many references to investment returns based on gross income versus net income or before tax cash flow (i.e., A $100,000 house that rents for $1,000 per month does not produce a 12% return unless the tenant covers all operating expenses, capital improvements and there is no debt service. John Schaub's single-family house investment books offer a more detailed road map.
Showing reviews 1-5 of 13
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