All Forum Posts by: Gabriel Ramiez

The 1% rule simply means that the total monthly rent should be equal to or greater than 1% of the purchase price.  For example if you buy a house for 200K the monthly rent should be at least $2000/mo.  A lot of people will buy a home for lets say 250K and rent it out for 1800/mo.  This would be a terrible deal and should not be purchased.  So, keep looking and don't ever settle for less than the 1% rule.  Because there are a TON of those deals out there.  Even in California!

@Gabriel Ramiez 

Love the fire, hold on to it and don't let it dwindle! It can be tough, but hold onto a growth mindset. The most difficult hurdle I went through was analysis paralysis. Just remember your first deal is not going to be the best deal! I am on the same journey! Best of luck to you!

Welcome to BiggerPockets Gabriel and best of luck!

Welcome to the community! Best of luck!

Don't settle for anything that doesn't at least meet the 1% rule.  

Let's gooooo! YOU got this :)

Congratulations on taking the first step towards achieving your financial goals! Real estate investing can be a great way to create wealth and change the direction of your life. As a young investor, it's important to have a solid understanding of the industry and to surround yourself with experienced professionals who can guide you along the way. If you ever need a coach I know someone who I can recommend to you, feel free to message me. Good luck on your journey and welcome to the community!

Hey Gabriel, welcome to BiggerPockets! I like that you have this mindset at a young age. I got started when I was 23! I think it is great to have a mentor doing what you want to do. Try to attend your local REI networking groups and meetups. Connect with as many real estate investors as you can. You can also consult with lenders, brokers and ask them for suggestions on who might be a good real estate mentor most will be able to provide one. Never forget what your goals are, best of luck on your real estate journey!