All Forum Posts by: James Vermillion

Interesting question Josh. I like the idea of actually highlighting the scammers/rule breakers. What I like about it is it takes their own posts to have the opposite effect...let them shoot themselves in the foot!

Let us know how the meeting goes. I would like to show you confidence and you passion. If you are really interested in becoming a real estate investor, it needs to show. He needs to be able to see that you are willing to put in the time and effort. Other than that, be yourself. Do not try to act like you are something you aren’t, most people can see right through it!

I am a very passionate person, meaning I tend to bring passion to whatever I am engaged in. I have known I was going to be an entrepreneur since I was very young, I just did not know in what area. I also knew I would serve my country, something else I am passionate about. Real Estate is one of the few areas that allows me to do both at the same time, so it just made sense for me.

Sometimes things tend to go in cycles. I have heard of many investors putting in many offers and not closing any of them, then one month the flood gates seem to open and they land several. Just review your business plan, if you have faith in it keep doing what you are doing. If you see flaws in your plan, modify and keep trying...you will get there!

What about lending money? The return on investment would be pretty solid, you don't have to worry about tenants, repairs, etc. Plus you already have a finance background, so that will help you in making decisions and still gets you in the real estate arena.

Since everyone else chimed in on location I like the idea of Vegas!

1) If BiggerPockets put on a conference, would you want to attend? Most definitely!
2) Would you be willing to travel (fly) to attend such an event? yes
3) Do you think 2 days would be adequate for a first shot at it? 2 days would be perfect...maybe a golf tourney on day 3!
4) What kinds of ideas do you have for sessions? I would love to here from the experts here on BP and their contacts. Breakout sessions based on interests (investment specialties, syndication, the overall market conditions, etc)
5) What would a BP conference look like to you? A great welcoming ceremony, a nice dinner, a golf tournament, but most importantly many informational sessions featuring knowledgeable guest speakers.
6) Of the real estate and other events that you've attended, what is the one thing that you've liked the most?I have never attended one
7) The least?

I am guessing they probably forgot. It really does not make much sense for a bank to agree to pay for any repairs.

To answer your last question, no. Your contractor will keep all of his reciepts for the materials he buys, just as you would and these will be expenses for him, so he will not be taxed on them. I hope that makes sense, I was trying to keep it short.

I forgot to say I don't like to pay taxes either...but I still do!