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All Forum Posts by: Michael P.

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

Post: First BRRRR Complete with PHOTOS and numbers

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

J.G. Wentworth I like their commercials 

Post: Dude I'm missing something - Facebook v Real Estate - You kiddin?

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

“Tech Company” Facebook basically boils down to scrolling through text, pictures, and occasional videos.  They are like the horse and buggy; when the sports car is invented they will be crushed.

Post: Best way to remove odors from Indian food during turnover?

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

Make the unit smell great again! 👃🏼 👃🏼 Have an indoor BBQ!  🐷

Post: Inherited Property - Guidance needed!

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

So how much will you get to sell as is, how how will you get after repairs, and how much is needed to do the repairs.

Post: Cities in America with the WORST Landlord Tenant policies

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

Maryland is a blue state? I consider it a red state (communist/socialist) lol

Post: Lending (be the bank) for a siblings mortgage

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

I'm considering acting as the bank and lending to a sibling who is buying a house.

1) Is the interest I receive taxable as interest income, or can it be considered gifts between family members?

2) Do you know of a good third party service that tracks everything instead of using a spreadsheet?

Thanks in advance for your comments

Post: do i really need an agent. ??

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

Taking advice from someone from “The Creek” West Virginia would be unethical

Post: Just Sold my Memphis Turn-Key Rental!

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

You will probably have a few thousand to pay Uncle Sam in depreciation recapture?

Post: Have 460k to Use - A New Real Estate Investor's Gameplan

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

Sounds like the same plan as others getting into turnkey, just accelerated by the inheritence.

Post: Newbie- verge of analysis paralysis for Rochester NY Multifamily

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

How bad do you want it? First one doesn't need to be a grand slam just get a base hit.  Get messages out to the POCs provided above before dinner tonight!  Be specific, I'm looking for xyz in these neighborhoods, and have x cash lined up.