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All Forum Posts by: Michael P.

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

Post: Investing in Moldova

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

Maze of bribes needed to run any business there not worth it.  

Post: Turnkey Out of State Investments— how does it all work?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,951
  • Votes 2,398
Originally posted by @Jay Hinrichs:
Originally posted by @Michael P.:

They do keep their best deals for their personal portfolios. I’d do the same thing.

 I have been on the funding side since turnkey became a thing in 2001  .. I have never seen them high grade the inventory as you allude to.

IE keep the best sell the rest.. Many own very few rentals themselves... then many own hundreds and every thing in between.. Sometimes they keep the ones they cant sell the worst houses not the best.

 U r the guru.  I just heard on one specific padcast from a turnkey marketer that he or she keeps some of the (best) deals for their personal portfolio. Appreciated their honesty. Was not a direct provider tho.

Post: Investment opportunity in Pyongyang, NK ??

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

April Fools!

Post: Turnkey Out of State Investments— how does it all work?

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

They do keep their best deals for their personal portfolios. I’d do the same thing.

Post: Replace washing machine hoses?

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

I always upgrade the washer hoses for as little as $7 on Amazon. Also toilet supply lines depending the age. Also dryer vent needs to be cleaned or replaced if it’s one of those flimsy flammable types: https://youtu.be/vfExQ3mwBH8

Post: Three duplexes under 1 deed, how can i split them up?

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

Planning to self manage?

Post: Wholesaling a Multi Million dollar deal.

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

@Mitchell Pollard How did this story end?

Post: Experience working with Norada?

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

Norada would be my first call if I was investing out of state.  However I’m happy investing locally.

Post: Tenant wants storm door replaced immediately

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

I would NOT remove the storm  door permanently, as during the next storm, water may seep in under the door, and who wants water damage.   I would repair/replace it at YOUR earliest  convenience.

Post: Need help!!! rent or try to sell?

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

$5,400 taxes on a $170,000 property lol.  Maybe invest across the river in PA?