Robert Rankin Nimocks

Current Employers

Employment History

• 03/2016 → Present
  First Citizens Investor Services
  Raleigh, NC
• 03/2016 → Present
  First Citizens Bank
  Charlotte, NC

Other Businesses

Rankin Investments; 2018 Fort Bragg Rd. Suite 100 Fayetteville, NC 28303; real estate investments, rental properties; began 11/2/2015; 0 hours per month; non-investment related; I am a passive 50% partner in Rankin Investments LLC. This LLC contains 2 commercial rental properties throwing off passive income and I do not manage these properties because they are in my hometown of Fayetteville, NC. 1 property is owned free and clear and valued at $250k (524 S Eastern Blvd, Fayetteville). 1 property has less than a 45% ltv and is valued at about $950k (2944 Breezewood Ave., Fayetteville, NC). This LLC takes up none of my time and the majority of cash put down initially was by me done back in 2015 as down payment to purchase our 1st property 2944 Breezewood. 524 S Eastern Blvd was later purchased with a reserve build up from the cash flows thrown off by 2944 Breezewood for a few years. Rankin Investments LLC has a commercial loan here with First Citizens bank and we will be paying off the loan in 6 years, but any commercial loan has not only had a perfect pay history, but we pay a few thousand a month extra to pay off the loan early, maintain a healthy reserve in the LLC deposit account here with First Citizens, and do not take income nor intend to ever take income until the properties are paid off free & clear. The managing partner is my father Ranny Nimocks (Robert Rankin Nimocks) who is a First Citizens client and Marcia White is his Private Banker so there is not a conflict of interest. K1 income for this LLC has always been positive even after all tax write offs and deductions and again we do not take any income. This LLC throws off positive k1 income even when there are multiple vacancies. The Rankin Investments LLC deposit account with First Citizens currently has over $32k in it. Compensation is K1 rental income; business is a client of the firm. No Business Name; 2550 Dilworth Heights Lane, Charlotte, NC 28209; Business is a rental property/rental income; position is owner of the home. Began 8/1/14; 1 hour per month not during trading hours; non investment related; IT'S A RENTAL PROPERTY WHERE A LEASE IS SIGNED ON AN ANNUAL BASIS AND CURRENT LEASE IS AT LEAST 18 MONTHS. RECEIPT OF RENTAL INCOME IS AUTOMATED. ROUGHLY ONCE A YEAR, I SCHEDULE A HANDYMAN AND CLEANERS, AND LIST THE PROPERTY FOR NEW TENANT APPLICATIONS, AND FIX UP LITTLE THINGS ON A WEEKEND WHEN WE PREPARE FOR A NEW TENANT. Compensation is rental income. Business is a client of the firm. Nimocks Personal Rental Property; 9503 Tresanton Dr. Charlotte, NC 28210; Nature of business is rent out property for rental income for up to 14 days for a golf tournament and holiday vacations; Owner of the home but wife handles short term rental of the home. Began 7/1/18, 0 hours/month, non-investment related; no responsibility as wife handles the short term rentals and preparing of our home to rent when we go out of town. Compensation is rental income, business is a client of the firm.

Exams

• S63 Uniform Securities Agent State Law Examination
  2012-12-01

Designations

Other Names

• Rankin Nimocks
• Robert Rankin Nimocks