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All Forum Posts by: Michael P.

Michael P. has started 30 posts and replied 1900 times.

Post: Norada Capital Management suspending payments

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,978
  • Votes 2,439

Conversion to equity is permanent ... but my understanding was eventually he'd buy out your equity one day.

Post: New to investing

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,978
  • Votes 2,439

G’Day Damon,

Be careful out there. Toledo is notorious for bad operators and poor quality of workmanship in many industries.

Wishing you much success 🙏🏻 

Post: Should I avoid Baltimore?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,978
  • Votes 2,439

Should I buy a whole street of rowhouses in Baltimore for $1k each?

Post: On the go health/nutrition for the busy investor/businessman/woman

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,978
  • Votes 2,439
Quote from @Ned Carey:

@Michael P. No I do not use the nutri bullet any more. My main health issue now is pre-diabetes. I am very concious of carbs. Juces tend to be high sugar and carbs. 

Right now I am into intermitent fasting as that is the best way to deal with high sugar levels. But I kept using the nutri Bullet for quite a while and was happy with it. I wouldn't hestiate to use it agian if I was juicing.


 Makes sense

Post: On the go health/nutrition for the busy investor/businessman/woman

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,978
  • Votes 2,439
Quote from @Ned Carey:

For a while I got into the juicing craze. I felt great!

But I was spending a lot of time shopping, making the juice and cleaning up. It was a hassle and I was unable to keep it up.

I recently bought a Nutri Bullet (more powerful than the related Magic Bullet) I make a veggie and fruit smoothie one or two times a day and again feel great. I am loosing weight and it is as fast as microwave food. Because of the speed and ease, of making and cleaning up, I think this is a habit I can maintain for the reset of my life. - Ned

PS anyone reading this in a month or two ask me if I am still as excited!

Are you still using the nutri bullet?

Post: Any successful BRRR in OHio?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,978
  • Votes 2,439
Quote from @Bob Stevens:
Quote from @Michael P.:

You’re late to the party, but its still possible, you will just be getting the deals all of the establish investors have passed over. 

 Not true, I get deals weekly, off market. I just closed on a 3 br in Lee Harvard, nobody even knew about it. Closing tomorrow on a duplex e 128th, nobody knows about. Its ALL about your network. 


 You are the established investor I mentioned 😘

Post: Any successful BRRR in OHio?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,978
  • Votes 2,439

You’re late to the party, but its still possible, you will just be getting the deals all of the establish investors have passed over. 

Post: Norada Capital Management suspending payments

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,978
  • Votes 2,439
Quote from @Lindsie Akers:
Quote from @Jay Hinrichs:
Quote from @Lindsie Akers:
Quote from @Jon P.:

Lastly, I believe the web of involvement extends to many other financial parties as well.  It will be interesting to see how all this plays out during an investigation, but I sure hope that the money can be followed for the investors' sake that were damaged here.

I've also been made aware that a company, Tardus Wealth Strategies, who "coaches investors on financial independence in 10 years or less" was heavily promoting the Norada fund to unaccredited investors and was also heavily promoting Ron Fossum.  It sounds like there was multiple webinars conducted by Ron Fossum and Marco supported by Tardus to hundreds of investors that also invested heavily in the Norada fund.  I believe there are many groups that helped promote the Norada fund without doing any preliminary research on what the investments entailed or the criminal history of the people involved putting together the "investment opportunity."  I think this is something bigger than many of us realize, but this is just the beginning of the house of cards.  It appears Norada has been sending out unaudited balance sheets to investors asking about their financials that shows over $100M valuation in these seemingly bankrupt businesses they invested in.

Tardus is a financial education company that does NOT recommend specific investments. Neither Tardus nor our coaches accept commissions from vendors. We teach an “investment product agnostic” strategy, focusing on educating investors on performing due diligence, establishing their own risk tolerance, and choosing their own investments. Understanding the risks associated with any investment, being prepared for the worst possible outcome, and having a plan for when an investment doesn't perform as expected is essential. Our primary objective as coaches is to help clients ask the right questions, develop the right criteria, and identify potential red flags.

I wonder if Tardus spell out the Risk Associated with unsecured prom notes like you talking about in your coaching.. many of these folks say they learned of Norada through Tardus and then when they post they simply do not have a grasp of what they invested in.. So how did your coaching help these investors what is the value of Tardus then ?

Our coaches guide clients through an extensive course on investment due diligence to identify their risk tolerance, ask the right questions, create investment criteria, evaluate performance, identify any red flags and have a plan for what to do if an investment doesn't perform as expected. For more clarity on what we do, check out the Income Snowball video on our website.


 How did you come up with the name Tardus. Sounds off-putting. 

Post: Location Analysis Method

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,978
  • Votes 2,439
Quote from @Alexander Blake Summers:
Quote from @Michael P.:

Do the zips in toled0 Ohio area. I can easily know how accurate your method is then. 

Sure thing, here are the zips ranked in the Toledo metro (Fulton, Lucas, Ottawa and Wood counties):
1. Put In Bay 2.Middle Bass 3.Bowling Green 4.Toledo (43620) 5.Lakeside Marblehead 6.Toledo (43606) 7.Neapolis 8.Toledo (43610) 9.Perrysburg 10.Holland 11.Harbor View 12.Port Clinton 13.Pemberville 14.Toledo (43615) 15.Millbury 16.West Millgrove 17.Archbold 18.Toledo (43604) 19.Toledo (43623) 20.Luckey 21. Maumee 22.Oak Harbor 23.Swanton 24.Delta 25.Toledo (43614) 26.Rossford 27.Custar 28.Oregon 29.Toledo (43607) 30.Toledo (43617) 31.Toledo (43609) 32.Waterville 33.Haskins 34.Grand Rapids 35.Whitehouse 36.Lyons 37.Berkey 38.Pettisville 39.Sylvania 40.Martin 41.Wauseon 42.Elmore 43.Monclova 44.Northwood 45.Fayette 46.Toledo (43611) 47.Curtice 48.Bradner 49.Portage 50.Walbridge 51.Williston 52.Toledo (43613) 53.Risingsun 54.Metamora 55.Rocky Ridge 56.Milton Center 57.Tontogany 58.Rudolph 59.North Baltimore 60.Wayne 61.Jerry City 62.Genoa 63.Cygnet 64.Bloomdale 65.Toledo (43612) 66.Weston 67.Toledo (43605) 68.Toledo (43608) 69.Clay Center 70.Graytown 71.Hoytville
Thanks for the opportunity! 


 I would NOT invest in Toledo using this ranking.

Post: Tenant threatening landlord

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,978
  • Votes 2,439

Try approaching them with a binder and tell them they can pick their own rent amount.