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All Forum Posts by: Mike J.

Mike J. has started 2 posts and replied 102 times.

Post: My First Flip: Before & After

Mike J.Posted
  • Investor
  • Los Angeles, CA
  • Posts 107
  • Votes 47

@Rachel Gill Wow. The rehab looks fantastic!

Post: New member from CA

Mike J.Posted
  • Investor
  • Los Angeles, CA
  • Posts 107
  • Votes 47

@Alexandra Vasquez Welcome to BP! The other BP members seem to have covered all of the bases for things to do on the site. Ask questions. Interact. Reach out. Since joining Bigger Pockets, I've had the chance to interact with savvy investors all over the country and even in another country. Best of luck!

Post: Make $1M in 12 Months - Week 27 (When Do You Develop 2016 Plan?)

Mike J.Posted
  • Investor
  • Los Angeles, CA
  • Posts 107
  • Votes 47

@Wendell De Guzman "Making me feel lazy and unsophisticated." You and me both. LOL.

Post: Starting over at 50 in Florida

Mike J.Posted
  • Investor
  • Los Angeles, CA
  • Posts 107
  • Votes 47

@Jonathan Trojan Welcome to BP! Lots of fantastic advice given above. And it sounds like  you can definitely utilize your background in rehabbing. Best of luck!

Post: Real Estate Bubble - Ready to pop?

Mike J.Posted
  • Investor
  • Los Angeles, CA
  • Posts 107
  • Votes 47

Hi @Stephanie Goodman It seems like this is becoming a popular topic around here. If you haven't already, you might want to take a look at this thread about a bubble.

https://www.biggerpockets.com/forums/48/topics/219...

Also, here's a great blog written by @Wendell De Guzman about market cycles.

https://www.biggerpockets.com/blogs/4240/blog_post...

Hope this helps.

Post: Newbie Headaches

Mike J.Posted
  • Investor
  • Los Angeles, CA
  • Posts 107
  • Votes 47

@Kimberly Kullen Welcome to BP. Here's a link to a thread on the 70% rule. It might help to give you a general idea of how much to offer on a property.

https://www.biggerpockets.com/forums/67/topics/201605-70-rule

Post: My First BRRRR Property Successfully Completed!

Mike J.Posted
  • Investor
  • Los Angeles, CA
  • Posts 107
  • Votes 47

@Stephen Hundley Aside from the some small bumps in the road in the beginning, it sounds like you hit a homerun on this one. Congrats! Also, how did you structure your relationship with your lawyer? Do you have him on retainer or maybe case by case?

Post: Bought my first rental. Im not satisfied. I want more.

Mike J.Posted
  • Investor
  • Los Angeles, CA
  • Posts 107
  • Votes 47

@Ali Boone Hi Ali! I've been learning through Skyward Aviation. Awesome school. Funny you mention Justice because my CFI has been recommending Joe Justice as my examiner. I actually need to set up a target date to take the oral/checkride. Nervous but exciting :)

Post: Rookie Mistake: I Lost Money to a Wholesaler

Mike J.Posted
  • Investor
  • Los Angeles, CA
  • Posts 107
  • Votes 47

@Waylon Themer Sorry to hear of your experience. I'm sure it'll all work out in the long run.

Post: Turn key properties

Mike J.Posted
  • Investor
  • Los Angeles, CA
  • Posts 107
  • Votes 47

@John Powell Hi John. Out of curiosity, have you looked at investing locally?