All Forum Posts by: Jermaine Scott

I am not sure how I can help, specifically, but I am in Chandler and I do buy in Phoenix. Feel free to reach out.

Jermaine

A simple wealth plan is the best. I have done it for 40 years and 200+ homes in Northern Ca.

Why is it that very few people ever achieve their financial dreams and what do the few successful ones do differently from the ma­jority who fail? Could it be they plan to fail? I don’t think so. More likely they to plan. Many waste much of their most valuable resource, their time, trying to figure out ways to make money quick and easy without much effort. These people are only fooling them­selves. Nothing worthwhile is accomplished without some hard work.

When you begin your journey to financial independence, first you must determine where you want to go. Then decide how you will get there. What are the risks and what are the sacrifices? Are they worth the end result? Don’t complicate your plan. No one likes to follow a plan that’s overloaded with restric­tions and contingencies. Keep it simple.

I decided to buy older houses and small apartments that needed fix-up. My reasoning was, I can do much of the work myself. Plus, I can buy them for much less cash down because there are fewer serious buyers for rundown distress type properties. I also thought, and it proved to be correct, that once fixed and cleaned up with bright new paint, older rental houses would command about the same rents as equivalent sized newer houses.

Good luck.

Fixer Jay DeCima

Welcome to BP guys, perhaps the 3 of us should get together for lunch and get to know each other?