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All Forum Posts by: Michael P.

Michael P. has started 29 posts and replied 1873 times.

Starting Out

Post: Toledo, OH investment advice

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

Aussie aussie aussie!

Oi oi oi!

1 Vote
Buying & Selling Real Estate

Post: DC Market Is CRAZY!! 300k Will Get You Nothing

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398
Originally posted by @Ron Gallagher:
Originally posted by @Michael P.:

My mother told me never to drive through south east; and I never have. 

Whats wrong with buying something in Arlington for 350K that will be 550K in 6-7 years with HQ2 

The problem with this idea is that the $350k Arlington property is probably going to be cash flow negative for those 6 to 7 years.

 Was just made up numbers, but would gladly go cashflow negative to get 200k in 2 years plus principle pay down.

1 Vote
Starting Out

Post: TAX Time...Deductions needed to get income down

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

Sounds like you need more withholding, change your W4 exemptions to zero.

0 Votes
General Landlording & Rental Properties

Post: Marijuana smell in 1/4 of quadplex

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

Sticki situation

Whether cigarette or other smoke, thats life, and why many ppl live in single family

0 Votes
General Landlording & Rental Properties

Post: Advice on particular tenant hogging laundry facility

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398
Originally posted by @Stephen Chaney:
I could have a washer and dryer installed in their unit and up their rent. Since they are month to month. I'd prefer that to be my very last step though. Any advice would be appreciated.

  I like this idea. What is wrong with making more money each month?

Get some working appliances off craigslist.

Confucius say: One machine not enough for six units.

0 Votes
Buying & Selling Real Estate

Post: Maryland Investment Location Recommendation

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

Sounds like you should sell the current place to have more money for investing. Also rent the cheapest place you can find in the new school district instead of buying. Sacrifice now for future $$.

0 Votes
Buying & Selling Real Estate

Post: Turnkey rental company suggestions

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

Everybody take a shot of vodka when Tom provides article links! 

3 Votes
General Landlording & Rental Properties

Post: Tenants wants compensation for inconvenience !

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

check out voss never split the difference u need it lol

1 Vote
Starting Out

Post: Need advice - or better yet a financial advisor - VA

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398
Originally posted by @Account Closed:

 and also a 250K business credit card.

Holy crap a credit card is not a vehicle for real estate investing.  Yes you should find a financial planner. 

https://www.napfa.org/find-an-advisor

1 Vote
Buying & Selling Real Estate

Post: what exactly is a 0.5% market?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

Divide rent into purchase price.

Memphis $1,000 / $100,000 = 1%

Seattle $5,000 / $1,000,000 = 0.5%

1 Vote