Philip Michael
BiggerPockets.com
New York, United States
Contact Philip
Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.
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Past articles by Philip:
#BlackLivesMatter: Violence Isn’t the Answer—THIS Is…
On May 26, a series of riots kicked off, protesting the murder of George Floyd by police. In a move long overdue, corporate America finally took notice, voicing their support and pledging billions to the #blacklivesmatter movement. Yes, awareness and change are long overdue—but violence isn’t the answer. This is. → Read More
4 Incredible Tax Strategies You've (Probably) Never Heard About
Some of the most beautiful benefits of real estate are the tax credits it allows, the most famously-known being the 1031 exchange. But are you aware of all the latest tax strategies? What investors—big or small—can do to save a LOT of money? Here are four little-known tax tactics you should know—but probably don't. → Read More
How to Get Exclusive Luxury Rental Listings at "Decent" Prices
Are you a rental agent, just getting your feet wet in real estate and frustrated with not having great apartments, not being able to close, or something similar? Recently, I was having a conversation about how to get listings and what would make me want to give an apartment to a broker—and I came up with a great idea. → Read More
What a NYT Bestseller Says About Traps That Hold Ambitious People Back
Ramit Sethi has built an almost cult following of success chasers with his a personal lifestyle blog, I Will Teach You to Be Rich. Here's a common success trap he warns against and how I successfully navigated it within my professional life. → Read More
BiggerPockets: The Real Estate Investing Social Network
1. Stash Stash is another app that directly targets Millennials with low minimums and easy navigation. You simple choose a portfolio according to your interests. (As an interesting aside, news recently hit that the app raised $40 million, per Reuters.) While Robinhood (discussed below) lets you pick and choose the actual company you want to invest in, Stash functions more like an ETF or mutual… → Read More
How a Couple Raised $10MM in One Week
One of the most popular investing topics is how to raise money. Everyone wants to know how to do it. Until recently, the very best real estate deals were limited to so-called "accredited investors." But the floodgates have opened in recent years with the JOBS Act. Here's the story of two money-raising experts. → Read More
3 Ways to Develop a Winning Mindset
This shouldn't come as a surprise, but did you know that the biggest reason for success isn’t effort or education? It’s not even talent. It’s your mindset. So how do you develop a winning mindset? Here are three tips that helped me. → Read More
Young Entrepreneur Builds Brooklyn’s Leading Real Estate Company—Here’s How He Did It
They say the real estate industry is slow to adopt new technology, resistant to change. It's not totally false, but it's not entirely true either. Real estate tech is being sought after by more venture capital investors than ever. In this article, I sit down with one for a Q & A that landlords are going to appreciate. → Read More
Wholesale Hacking: How to Find Monster Off-Market Deals Before Anyone Else
Remember the 3D investor? I’m talking death, divorces, defaults—three instances in which an investor sees opportunity. Well, there’s actually a fourth: distress. Distress makes for great opportunity, for wholesalers specifically—especially if you know where to find distress before distress becomes known. → Read More
Q & A With Real Estate Attorney: Structuring JVs, Newbie Closing Mistakes, and How to Build Your Team
One thing you can’t escape in real estate is the paperwork—you’ve got to get your deals signed, sealed, delivered. For that reason, one of the most important pieces of your team is legal representation. Here I sit down for a brief interview with real estate and business attorney Dmitriy Ishimbayev. → Read More
5 Eye-Opening Numbers That Will Make You Want to Start Investing Today
BiggerPockets is arguably the richest source for aspiring real estate investors. And real estate is the richest asset class in the world. Yet many readers haven't done their first deal, are in the middle of their first deal, or may still be on the fence about investing. What are you waiting for?! Start now—here's why. → Read More
Morning Rituals: The Single Most Important Thing I Do Each Day
Want to know what I believe is the single most critical driver behind my success? There's one insanely powerful tool I share with everyone—one that not only creates a mind-bending "Aha!" moment but is literally life-changing. Do you know where I'm going with this? If you don't, stick with me. It's worth your time. → Read More
3 Deal-Making Tactics That'll Help You Find (& Close) Real Estate Transactions
I often get asked what my best “weapon” is. While I took a corporate finance course in business school, my greatest skill is my understanding of psychology. → Read More
Real Estate's Best-Kept Secret: This Little-Known Loophole Is Going to Change How You Invest
This game-changing loophole gives the average investor access to mega deals. → Read More
How to Build a Team for Your Startup
Building a successful startup requires a phenomenal team. Follow these tips to create an ideal office dynamic. → Read More
5 Ways Easily Invest In Real Estate Without Buying Property [Video]
Sure, buying real estate can be a costly affair. But it doesn't have to be. In fact, you can do it directly from your smartphone—and that's without ever managing a property, a mortgage or dealing with a dirty tenant. → Read More
This is the One Metric Every New Real Estate Investor Must Know
Whether you're looking at a new deal or managing an existing one, your NOI's your bottom line. It's your indicator of asset value. It's what lets you know, ultimately, whether you have a good deal on your hands or not. → Read More
Why I Decided to Develop a 13-Story, 84-Unit, 95,522-Square Foot High Rise
So I recently came across a deal. Corner lot, full block, but oddly shaped. A bit overpriced, but definitely doable. I immediately shot it over to my architect. "Dude, what can you do with this?" About a week later, he sent me this: Thirteen stories, 84 units, 95,522 square feet. → Read More
4 Quick Real Estate Marketing Tactics That Actually Work (And NO, It's Not Bandit Signs)
For some agents, "innovative marketing" consists of email blasts and posting a listing on Zillow. But if you're looking to stand out —whether you're looking for cash buyers, sellers, or just overall awareness around your brand—marketing (and marketing correctly!) is crucial. → Read More
4 Myths About Investing In Real Estate—Busted [VIDEO]
There are tons of misconceptions about real estate investing — the main being that you need lots of money to become successful. Or time. Or deals. Not true! Check out this video for more! → Read More