All Forum Posts by: Michael P.
Michael P. has started 50 posts and replied 123 times.
Post: Buying @ Retail - WOULD YOU?

- Marlton, NJ
- Posts 129
- Votes 16
Post: 60k Prop or 100k Prop? Cash flow vs. Value

- Marlton, NJ
- Posts 129
- Votes 16
@James Wise I cant find a deal for my life. Most properties I walked are not livable, requiring specifics that a conventional mortgage wont allow. Properties I am seeking through zillow are mainly listing at retail. I am getting to the point to just give up. I have see lots of properties in a specific affordable housing area.
Post: 60k Prop or 100k Prop? Cash flow vs. Value

- Marlton, NJ
- Posts 129
- Votes 16
@James Wise Question to you...
Is it dumb to buy @ retail even if it cash flows?
Post: 60k Prop or 100k Prop? Cash flow vs. Value

- Marlton, NJ
- Posts 129
- Votes 16
@Ali Boone I am primarily focusing on the Philadelphia market.
Post: Whats the Property NOI Cut?

- Marlton, NJ
- Posts 129
- Votes 16
I have a partner I am about to start purchasing properties with. We are 50/50.
We are considering larger deals, additional deals, in which case we will need additional funding. We have 2 friends with high net worth's potentially coming in on deals with us. The two individuals value is strictly funding, as my current partner and I are the ones seeking out the deals, visit the properties, walking them, analyzing them, working with realtor which takes most of the time.
How would you break down the percent structure when bringing on additional funding/partners.
Post: Buying Price does NOT have Comparable Comp

- Marlton, NJ
- Posts 129
- Votes 16
I have raised my bar of purchase price to a rental unit. Seen many properties, if they are cheap they come with issues and need to be fixed, full overhauls. I found a house, cost 100k, done great inside, nothing needs to be fixed up, totally turnkey, should I pull the trigger? No comparable comp to the price. Not within at least .5 miles.
Post: CASH FLOW Killer = Taxes

- Marlton, NJ
- Posts 129
- Votes 16
Post: How Good Is UR CASH FLOW on What Loan Amount?

- Marlton, NJ
- Posts 129
- Votes 16
Post: 60k Prop or 100k Prop? Cash flow vs. Value

- Marlton, NJ
- Posts 129
- Votes 16
Post: 60k Prop or 100k Prop? Cash flow vs. Value

- Marlton, NJ
- Posts 129
- Votes 16