Agent

Office worker quits job, finds profits in real estate

New book shows how to become a realty entrepreneur
Published on Jan 25, 2005

The theme of Jay P. DeCima's latest real estate book, "Start Small, Profit Big in Real Estate," is to begin investing in small, bargain-priced fix-up rentals, as he did, with the goal of creating enough cash flow to quit your day job. With over $100,000 per month gross rents coming in, DeCima says he has plenty left over to live very comfortably. The book begins with the author explaining why he thought he would make a small fortune as a licensed real estate salesman. But then he shares how his real estate instructor emphasized to the class it is much more profitable to be a realty investor than a sales agent. Purchase Bob Bruss reports online. DeCima then uses an example of how he earned 17 times more than the sales agent did on a typical property purchase. To get started, as the author did after he left his boring, 20-year-long telephone company job, he suggests buying run-down properties that nobody else wants. Although most of the properties he buys are at least 40 to 50 years...

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