All Forum Posts by: James Vermillion

Welcome to BP Michael!

Welcome to BP Matt, I'm glad you enjoyed the podcast! What area of real estate investing are you leaning towards at this point in your research?

If you can't find something you are looking for let us know, we are here to help. Good luck!

James,

First off, $1500/hour is insane! However, if he is going to walk you through deals, that will take much longer than 20 minutes, much longer!!

In addition, I don't see access to title companies or attorneys as a big benefit as you can find them with references from other investors for free.

What are his marketing programs and what do you mean you will gain access?

What type of partnership would occur after?

There are so many questions that it is difficult to say. Do you know anything about this person's reputation?

I still disagree Patrick Martinez. J Scott pretty much summed up my thoughts on the situation. Also, keep in mind, there are good and bad entrepreneurs.

Surely you do something that others consider "wasteful" and doesn't contribute to your financial well being.

Of course, we are always looking for more deals or financing!

Welcome to BP Shauntay! There is a ton of information all over BiggerPockets, so make sure you take some time to checkout the forums, blogs and podcasts. If you haven't yet, checkout the Ultimate Beginner's Guide

Dayton seems to be a good investing environment by the way. Good luck!

Maybe I misunderstood...he is claiming that by playing the lottery he is an entrepreneur? If that is the case, no way!!!!

I don't play the lotto but I think I have to agree with your friend. I enjoy gambling on horses every once in a while, which isn't all that different than playing the lottery and I would absolutely say I am an entrepreneur. There are quite a few poker players here that I would say are as entrepreneurial as anyone I have ever met. I am not sure I understand your argument.

Yes, Louise, equity is the owners stake in the property, so it is basically what the owner would receive after selling the property if the property is sold at market value. Example:

If a purchase a property for market value, lets call it $100,000 and a bank financed 80% ($80,000), then I have $20,000 in equity.

Equity is built by paying down the debt (you owe less) and through appreciation (the market value increases).

Looking good...keep em coming folks!