All Forum Posts by: Rich Ramirez

Thanks Trevor. Much appreciated!

Hi BP Community:

Looking for proactive/preemptive ways to minimize the 50% rule to maximize your NOI on passive income properties. In previous podcasts, I've heard metering units, managing the property yourself, automated web-based rent collecting sites, etc. Just wanted to get some best-practices on one thread here and understand the cost/benefit for each.

Thanks,

Rich

Hi All - Appreciate everyone answering my post here with dignity and respect. For those pounding their chests, let's remove the ego as we all have a common goal - financial freedom. Let's make this topic as productive as possible. So, the net net as I read it is that 2% currently is far and few between in today's market.. And just because you acquire a 2% property, it doesn't necessarily yield an awesomely profitable NOI. Personally, I don't like to bank on appreciation. I learned that the hard way before the bubble burst. That's what prompted my original question on this topic.

Joe -- Are these MLS, pocket or wholesale listings?

Ben - Absolutely.. if the return is there. What are we looking at in terms of a buy-in? A general range will suffice. Thanks. 

Ha! Thanks Joe. Great info. Are the occupancy rates for your properties decent?

Thank you Lisa. Very much appreciated.

Hi Joe - Thanks for the note. Are those gross or net returns? I'm assuming these deals are up in your neck of the woods?

-Rich

Thanks Dawn for the great info. Much appreciated. Yep, I'm familiar with the timing and extensive coordination and potential pitfalls after doing it here in CA. I figured it would be super daunting task to do it remotely. The key is to find boots on the ground in the regional areas. Can they just clone you? :) Or perhaps, you can start a regional team that employs your best practices and you'd get a cut off of every transaction. You'd make a killing! Especially from the influx of investors coming from higher priced metros.

-Rich

Thanks Dawn. I know you're inundated and don't have the bandwidth to Partner with any more investors. I'm in a similar situation as the Gentlemen you helped in Woodland Hills, CA. If you could help point me in the right direction of who can assist me to identify such properties in your area, I'd greatly, GREATLY appreciate it :)

-Rich