All Forum Posts by: James Vermillion

Just a quick update. The one potential buyer could not get the financing they needed. The house just went on the MLS and has already generated a lot of interest and a couple offers. I am really hoping we can get it under contract in the next several weeks.

Also, this weekend we put two REO properties under contract! I am very excited about the potential of these 2 and cannot wait to get started on them.

We have started to see things looking better from the flipper perspective, in fact we were having a lot of problems getting offers accepted for the last several months...last week we had two and are on the verge of a third.

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.