Comments on: Meet the Investor: Interview with Real Estate Author & Landlord Michael Rossi http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/ Learn, Network, Invest Sun, 12 Feb 2012 02:59:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Joshua Dorkinhttp://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-54970 Joshua Dorkin Mon, 03 Mar 2008 00:27:46 +0000 http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-54970 mrbpostv - Some people may feel that this is tongue in cheek, and if in fact that is the case, then it is one thing.On the other hand, if the author is being serious, then this is a position that neither I nor BiggerPockets can endorse. mrbpostv –
Some people may feel that this is tongue in cheek, and if in fact that is the case, then it is one thing.

On the other hand, if the author is being serious, then this is a position that neither I nor BiggerPockets can endorse.

]]> By: mrbpostvhttp://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-54960 mrbpostv Sun, 02 Mar 2008 07:23:06 +0000 http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-54960 Yeah.... well I beg to DIFFER.... here's one of your golden boy's quotes from reiclub:SBP,The majority of rental properties in the United States are purchased by mom-and-pop type newbies who will rapidly fail. That's good news because it means that there is a market for your property. Therefore, I would suggest marketing your property to these uninformed newbies.Look at all the financial aspects of the property (cap rate, IRR, Cash on cash return with a big downpayment, etc.). These silly nonsense numbers can make a loser property look good to a newbie. Look at the posts we see on this forum. How many times have you seen a post like "this property has a cap rate of 8.2, what do you think?" Market to newbies at your local REIA; with a newspaper ad; and on the internet. There are millions of gullible newbies out there and all you need to do is find one.Good Luck,Mike Yeah…. well I beg to DIFFER…. here’s one of your golden boy’s quotes from reiclub:

SBP,

The majority of rental properties in the United States are purchased by mom-and-pop type newbies who will rapidly fail. That’s good news because it means that there is a market for your property. Therefore, I would suggest marketing your property to these uninformed newbies.

Look at all the financial aspects of the property (cap rate, IRR, Cash on cash return with a big downpayment, etc.). These silly nonsense numbers can make a loser property look good to a newbie. Look at the posts we see on this forum. How many times have you seen a post like “this property has a cap rate of 8.2, what do you think?” Market to newbies at your local REIA; with a newspaper ad; and on the internet. There are millions of gullible newbies out there and all you need to do is find one.

Good Luck,

Mike

]]> By: Samhttp://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-52685 Sam Mon, 03 Dec 2007 05:56:40 +0000 http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-52685 I think this guy has some great ideas. I am not saying everyone can and should do what he is doing but I definately think it could be considered. If you are looking for investment properties and you find some at well below market value why wouldnt you buy them. I think this guy has some great ideas. I am not saying everyone can and should do what he is doing but I definately think it could be considered. If you are looking for investment properties and you find some at well below market value why wouldnt you buy them.

]]> By: nuShackhttp://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-51841 nuShack Wed, 24 Oct 2007 14:38:24 +0000 http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-51841 It's good to read some real advice from a real landlord, rather than pie-in-the-sky sales pitches some folks offer. Thanks! It’s good to read some real advice from a real landlord, rather than pie-in-the-sky sales pitches some folks offer. Thanks!

]]> By: presenthttp://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-51050 present Tue, 04 Sep 2007 16:45:54 +0000 http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-51050 Really good interview! Interesting to read this amazing story. Really good interview! Interesting to read this amazing story.

]]> By: RShttp://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-50975 RS Mon, 27 Aug 2007 23:23:49 +0000 http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-50975 Everyone is always looking for instance cash flow, however thats hard to find. Like I tell our clients you make money when you buy, not when you sell. Everyone is always looking for instance cash flow, however thats hard to find. Like I tell our clients you make money when you buy, not when you sell.

]]> By: Samhttp://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-50958 Sam Sun, 26 Aug 2007 14:24:17 +0000 http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-50958 Ok so the only thing he doesn't talk about is how he buys income producing properties ate 30% less then the value. I mean sure I would buy those all day long if I could find them. So im interested to see how you do that not so much listen to you talk about what you do. Ok so the only thing he doesn’t talk about is how he buys income producing properties ate 30% less then the value. I mean sure I would buy those all day long if I could find them. So im interested to see how you do that not so much listen to you talk about what you do.

]]> By: Anonymoushttp://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-50945 Anonymous Fri, 24 Aug 2007 02:24:07 +0000 http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-50945 Nice interview. Amazing that he only started 4 years ago and now has a full time income from his rental properties. Nice interview. Amazing that he only started 4 years ago and now has a full time income from his rental properties.

]]> By: RJhttp://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-50915 RJ Tue, 21 Aug 2007 17:44:10 +0000 http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-50915 Nice one and nice post!I was pretty interested to find out that you only deal in the "rental property business" what about all other areas of real estate. An idea (that you might have already had) is to hire someone to manage your day to day stuff and then you could venture out into different areas and really have fun at making money.Again, Nice Blog Post!RJ Nice one and nice post!

I was pretty interested to find out that you only deal in the “rental property business” what about all other areas of real estate. An idea (that you might have already had) is to hire someone to manage your day to day stuff and then you could venture out into different areas and really have fun at making money.

Again, Nice Blog Post!

RJ

]]> By: Anonymoushttp://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-50870 Anonymous Fri, 17 Aug 2007 21:48:59 +0000 http://www.biggerpockets.com/renewsblog/2007/08/17/meet-the-investor-interview-with-real-estate-author-landlord-michael-rossi/#comment-50870 I've been thinking of getting into multi units. This was helpful. Thanks I’ve been thinking of getting into multi units. This was helpful. Thanks

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