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All Forum Posts by: Michael P.

Michael P. has started 29 posts and replied 1875 times.

Post: How should I get started in Wholesaling? (Montgomery Maryland)

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398

Be aware of Maryland PHIFA law

Post: From DC/NYC areas moving to Dallas, Texas

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398

Lot of people I know relocating to Dallas to work at Toyota

Post: Hello from LA soon to be MD

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398

Get to know the area before jumping in, DC and Baltimore are very different

Post: From DC/NYC areas moving to Dallas, Texas

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398

Toyota?

Post: is this rental worth it.

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398

Why do you need a property manager?

Post: Which tenant would you choose?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398

The 10x rule is for your business goals, not emotional attachment to applicants lol.  The one that is not selected will fade from your memory very quickly.

The dog would be happy on 1.5 acres but sounds like you have enough demand to list this unit as no pets.

Post: New Member from Maryland

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398

Welcome from your neighbor in Gaithersburg. I plan to acquire a brrrr in Silver Sping/Rockville at some point, but biding my time to see if hq2 lands on the va side were I already invest.  Im also looking into getting into a note but its with a family member at a low rate to get my feet wet.

Post: Bathroom Tub and Tile Refinishing

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398

I’ve used a franchise called miracle method for tub and bathroom floor, good price and it came out looking exceptional.

Post: Tenant leaving lights on FOREVER

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398

Many HOAs encourage this as a fundamental of good neighborhood security, even in already very safe areas.

Post: Do rents ever go down?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398

I’ve only ever raised rents since I started in ‘12 which is consistent with population and job growth in my area.  Not scared of lowering rents to compete if its ever needed, paid off the properties because I enjoy cash “cow-ing” so much as opposed to having a mortgage and just cash “flowing”.  I just love the monthly income to much to keep mortgages even if there is dead equity.