Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Michael P.

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

Post: Basement rental conversion in Washington DC (dig-out)

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

7 ft may be legal but sounds awful to live in. Im 6 ft but not  renter so moot point.

Post: getting a home under contract

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

Did you run it through the bigger pockets calculator? Sounds suspect with a $938 monthly fee.

You should get a real estate agent to submit the offer, its free to you, the agent commission is paid by the seller.

Post: Buy & Hold Investing:Navigating the DC area landlording minefield

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

Cool

Post: How to afford a more vet to DC, and leave 2 years later w/rental?

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

Your tolerance for commuting stress is a big factor.  Your life would be hell commuting from NE DC to Crystal City, in my opinion, but others may be ok with it.  Personally I have rentals in more affordable parts of Arlington (Columbia Pike Corridor) which in the long term is in the path of progress.  They are super easy, tenants are great, rents going up every time I get a new tenant.  But that's just me .. many different styles out there.

Oh and if you buy in the area of Crystal City and Amazon HQ2 lands around there, that would be awesome lol.

Post: How to afford a more vet to DC, and leave 2 years later w/rental?

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

Where specifically your job is located in the DC metro area is important relative to the length of your commute and how much you’ll hate your life and what neighborhoods to look at.  So let us know if you want to share that.

For me 17k x 2 years aka 34k bonus is not worth the cost and hassle of relocating to DC then back to Ohio and various transaction costs. I would just stay in OH and grow your REI there.

Post: Local or Distant? and Investing in Condo's

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

Leasing is the DC area is easy no hire it out

Post: Any Advice/Tips for First Live in Flip?

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

I remember a cheap house in Potomac people wouldnt even enter due to mold.  Wonder if anyone bought it.

Post: Should I even bother to call this person back ?

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

Wrong side of the Potomac river lol my tenants only need to google if they’re GS 14 or 15

Post: Best book to read for a beginner looking to flip

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

I liked Find it, Fix it, Flip it by Michael Corbett