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All Forum Posts by: Michael P.

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

Post: Marijuana smell in 1/4 of quadplex

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

Sticki situation

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

Post: Advice on particular tenant hogging laundry facility

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

Post: Maryland Investment Location Recommendation

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

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 $$.

Post: Turnkey rental company suggestions

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

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

Post: Tenants wants compensation for inconvenience !

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

check out voss never split the difference u need it lol

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

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

Post: what exactly is a 0.5% market?

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

Divide rent into purchase price.

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

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

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

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

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 

Post: Advice on a horrible situation

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

Throw it on bigger pockets marketplace for $65,000 .. some newbie will buy it

Post: Advice on a horrible situation

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

Do you have primary residence with loan u could refi to save monthly