What do you guys think of the teachings of “Fixer” Jay P. DeCima -and- William Nickerson?
I find their investment philosophies to be very simple, intelligent and very low risk. I think in my suburban/urban market, where cashflow opportunities are present but appreciation is very limited, they’re concepts work great.
I read just about every rehab book I find. Most are very redundant, this includes DeCima’s books. The one book I am surprisingly impressed with is called “Flip” by Villani and Davis. This is the only book I would recommend above any other rehab book. Best all-inclusive rehab book I have ever read, hands down.
I have read 2 Jay P Decima books. He gives straight forward ideas without getting too technical. I like both of the books…
I added flip to my Amazon order with a few others I am picking up, thanks for the suggestion.
What’s special about “Flip” by Villani and Davis? Amazon doesn’t have any reviews on it, as of this afternoon, as the book just came out. I checked out the company’s website and it appears they’re in the construction side of the real estate business…see http://www.homefixers.com/default.php - so they may have an interesting perspective on that I take it…?
What’s different about Flip is that it’s the only rehab book I’ve read with specifics. It covers just about every little detail in a very analytical, step-by-step, broken down way. It’s also about twice the size of most other paperback REI books which tells you right away there is more info. If I were to write a rehab book, it would be very close to this one.
The authors are experienced investors who decided to write a book rather than an experienced author who dabbles in REI. Both authors are executives of HomeFixers which rehabs houses then sells them to investors as rentals I believe.
I’ll check it out. Thanks