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All Forum Posts by: Michael P.

Michael P. has started 29 posts and replied 1874 times.

Post: Toledo, OH Property Analysis

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,950
  • Votes 2,398

850 / 65,000 = 1.3%

Anything over 1% is officially bigger pockets approved. 

Post: Would You Buy for Cashflow Only?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,950
  • Votes 2,398

If your talking about cashflow property in Ohio for $30k and get $700 in rent for a 3/1 then who cares if you sell for $30k in 20 yrs or $20k, you have moved $168,000 in gross rent, $84,000 @ 50% expense.

Post: Getting discouraged. Everything is going wrong at once.

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,950
  • Votes 2,398

@Tony Robbins

@Marcus Lemonis

@Holmes on homes

Post: 10,000 Posts...& My #1 Secret of Success

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,950
  • Votes 2,398

Quantity & quality.  I assume nobody has a higher ratio than you of # posts to # votes @ 1.5X

Post: [Calc Review] Help me analyze this deal

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,950
  • Votes 2,398
Originally posted by @Michael Temple:


In my market right now property values are on fire and finding deals where the numbers work is next to impossible, 

This is a joke right?  Toledo is on fire?  

Post: Would You Buy for Cashflow Only?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,950
  • Votes 2,398
Originally posted by @Jay Hinrichs:

Nope..  I cant understand the thought process of going to all the pain of being a landlord

Property management does the work, I collect checks, no pain here just smiles. 

Post: Would You Buy for Cashflow Only?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,950
  • Votes 2,398

I live by you in Gaithersburg and buy houses for cashflow in Toledo, now up to 6 doors there. I enjoy cashflow since in our area its limited. However I also own appreciation properties in Arlington near HQ2 so I assume my portfolio is decently balanced.

Post: Multi-Families in Toledo Metro

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,950
  • Votes 2,398

I just bought a duplex today by the university.

If you look at this post there are maps posted with red outlines of good areas to invest.

Post: If you were me what would you do in my situation?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,950
  • Votes 2,398

”Would love to be able to leave my job and my state in the near future”

Ok ..  so leave ... to a place with cheap cashflow real estate. 

Post: Increased censorship on bigger pockets

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,950
  • Votes 2,398

Who has noticed a lot more 

“This post has been removed“