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All Forum Posts by: Michael P.

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

Post: latest new build in Charleston SC what do you think?

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

I would relocate there and buy it just to be closer to Magnolias so I could eat there every night.

 Overall looks amazing maybe on the next one try a brighter kitchen instead of darker, maybe that’s just a personal preference.

Post: Interest-bearing security deposits

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

In Virginia if you have 1-2 rental properties no interest required on security deposits. 3 or more properties Virginia Residential Landlord and Tenant Act requires it.

Post: Fallen Tree...who is responsible?

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

If you make the tenant handle the tree and he gets injured with chainsaw he’ll sue you

Post: Rentals - Little Rock, AR

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

Check out a company called Memphis Invest they operate in Little Rock and will manage the property for you, as you live in Crooklyn

Post: Neighbor resentment for renting in "A" neighborhood?

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

You are obviously from the south lol in maryland we don’t even know who our neighbors are.  Maybe a quick wave while looking at your feet once per year.  But as long as you put in an A class renter it should be no problem.

Post: Potential Billion Dollar Deal

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

@Grant Rothenburger the question was what do you think about the idea. "Imagine a way to minimize your tenant's rent without losing money." What do you think? I say I was going to tell any details about what it is or how it worked. 

 Did you just invent section 8?

Post: NNN "mail-box" money

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

Those areas for NNN STNL quality about 2.5 million and up so minimum on STNL need about 30% to 35% down so about 800k.

Thanks, that's what I wanted to know

Originally posted by @Joel Owens:

Some buyers could frankly give a crap about money returns they are just getting crushed on taxes. Example I have doctor clients making 700k to 1.2 million a year doing surgeries. For them making 6% return versus 8% is secondary compared to tax write offs of owning property. So strategies and the ways investors look at things vary wildly.

 Good to know I have a future surgeon in my family, four more years of training.

Post: NNN "mail-box" money

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

Thanks for the incites!

Post: Myrtle Beach Now or Bust

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

Two words: Hot Stacks

Post: NNN "mail-box" money

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

Sorry if to generalized. In SFR mid west is 100k per house 25 down, coasts 400+ or 100k+ down.

I was thinking to get into NNN you needed much more than 100k