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All Forum Posts by: Michael Le

Michael Le has started 14 posts and replied 1605 times.

Post: Oil & Gas Turned Real Estate

Michael LePosted
  • Developer
  • Houston, TX
  • Posts 1,635
  • Votes 1,363

Welcome to BP, @Kaci Newman. I like your enthusiasm. I think that will go a long way to get you started.

Post: Newbie moving to Michigan

Michael LePosted
  • Developer
  • Houston, TX
  • Posts 1,635
  • Votes 1,363

Welcome to BP, @Tyler Darden. First rule of BP is we do not talk about BP. Haha. Just kidding. I couldn't resist.

Are you planning on investing locally there or in Houston where you are familiar?

Post: Introduction

Michael LePosted
  • Developer
  • Houston, TX
  • Posts 1,635
  • Votes 1,363

Welcome to BP, @Lance Davies. Good to have you on the site. I think you'll get a lot out of reading and listening to the free material but don't forget to interact on the forums.

Post: New HUNGRY member from New Jersey

Michael LePosted
  • Developer
  • Houston, TX
  • Posts 1,635
  • Votes 1,363

Welcome, @Corey Robinson. You're already one your way with your motivation and focus on getting properly educated.

Post: My First Flip (with Pics!)- Small $$ Profit - Big Exp. Profit

Michael LePosted
  • Developer
  • Houston, TX
  • Posts 1,635
  • Votes 1,363

Just consider that you learned more from this one deal than you likely could have from any guru course and you got paid $6k to do it instead of shelling out tens of thousands. The kitchen looks great.

Post: New Member from Houston Willowbrook Area

Michael LePosted
  • Developer
  • Houston, TX
  • Posts 1,635
  • Votes 1,363

Hi Jacoby,

Welcome to BP. Congratulations on your new degree. There's plenty to learn here but it doesn't look like your afraid of learning, so that's great.

Post: My First BRRRR Property Successfully Completed!

Michael LePosted
  • Developer
  • Houston, TX
  • Posts 1,635
  • Votes 1,363

That's an awesome deal, Stephen. Big congrats. You mention that the monthly note will be $900. How did you come up with that number? I thought the loan was $70k+27k and 4.9% at 20-year amortization, which would come out lower than that.

Thanks.

Post: New member from Texas

Michael LePosted
  • Developer
  • Houston, TX
  • Posts 1,635
  • Votes 1,363

Hi Tascha,

Welcome to BP. There is definitely a lot to learn on here. It can be quite overwhelming. I myself am just making my way through the podcasts and blogs. In addition, there is a Houston Meet Up tomorrow (6:30 @ Pub Fiction) so come on out to do some networking.

Michael

Post: When you and a seller diagree on value

Michael LePosted
  • Developer
  • Houston, TX
  • Posts 1,635
  • Votes 1,363
Originally posted by @Dev Horn:

AMAO ===> Alway Make An Offer.

I read that like Alec Baldwin from Glengarry Glen Ross. Always Be Closing. AIDA. lol

Post: Hi, I am new member from Texas!

Michael LePosted
  • Developer
  • Houston, TX
  • Posts 1,635
  • Votes 1,363

Welcome to BP, Steve.