All Forum Posts by: James Vermillion

Larry, what you are going through is very common, especially in real estate, which is an industry with an abundance of options. The range of options is a great thing, but it can be distracting and create the overused term analysis paralysis.

As for your timeline, I would not say it is impossible, but it will require a ton of hard work, a very good plan and some excellent timing and luck. I think your short term goal is excellent, fix that debt issue. Doing so will also help your ability to invest.

A couple questions:

- is they anything else you can do to increase your income? Get a second job, use skills you have to do work on the side, etc? If not, you are on the right track with wholesaling...although it is much more difficult than most people think.

- can you decrease your debt by selling anything? cars? jewelry? A lot of people have a lot of stuff, and a lot of really nice stuff...if you can sell some things you do not use to pay that debt down you can really accelerate things.

Other than that, keep educating yourself on real estate. The more you learn the more clear your focus will become and the confusion will start to go away. I hope that helps. Good luck!

Welcome to BP Toby!

Welcome to BP Niles. I spent some time around BR when I was stationed at Barksdale AFB in the Shreveport/Bossier area. Have you read the Ultimate Beginner's Guide yet? If not, check it out, it is a great rei primer.

If you cannot find something you are looking for, please let us know. Good luck!

Welcome to the BP community Shar! You have come to the right place to learn more about real estate investing. Make sure you browse the forums and blogs and listen to the podcasts...between those sections of the site you will learn a ton!

Also, checkout the Ultimate Beginner's Guide, it is a great read!

Are you looking for more rental properties or are you looking to get involved in other areas of real estate?

Welcome to BP Scott! Have you checked out the Ultimate Beginner's Guide yet? If not, give it a read, it is a great resource for new investors.

Otherwise, I would definitely spend some time browsing the forums and blogs and listening to the podcasts, each has some great content. If you cannot find something you are looking for, be sure to ask and someone will point you in the right direction.

Good luck!

Welcome to BP Jensen, it sounds like you are getting stuff done. I think getting engaged on BP will only help accelerate your growth as you will learn a lot and connect with some other awesome people and investors.

Let us know if you can't find something you are looking for here on the site. Good luck!

You can easily make a million dollars in your first year of real estate investing...if you start with 100 million!

Free education...and you are helping others. I think it is a great idea and I even worked with HFH a few years ago. It definitely can't hurt and charity work is always good.

Welcome to BP Paul. I love the idea of living in one unit and renting out the other one...I think that can be a great way to get started in REI. There are quite a few threads here on BP about just that, you might try using the search bar at the top right to find more information. Good luck!

Brady, I am not sure about the program but a lot of the information about setting up an entity can be found right here on BP and by talking to a CPA, which you will likely need to do anyways. Between a CPA, attorney and previously compiled information, I do not see a need for such a program. Hopefully, someone else who knows more about the program will chime in.