All Forum Posts by: James Vermillion

Charlie Hampton, glad you enjoyed the podcast. It is tough to really say one way or another without seeing everything, but I am not a believer in three bedrooms is always better than two. It sounds like you did the best with space you had to work with.

Generally speaking 3 bedrooms are more desirable than 2 bedrooms, but this really depends on the market and target buyer. I know quite a few investors who purchase 2 bedrooms and add a 3rd bedroom to increase value. It would also depend on the property and ability to add 3 bedrooms and have a desirable floorplan.

The only way to know for sure would be to see what the comps tell you. What is the difference between 2 and 3 bedroom houses of similar size and improvement level?

I see what happened here! I believe Chris is looking to sell some stocks he has invested in and use the proceeds of the sale to purchase real estate (as an alternative to investing in the stock market).

Nothing wrong with that Chris, and I agree with Jon, I believe you just need to sell the securities (which will lead to long term capital gains taxes to be paid).

Welcome to BP Junior? Please tell us a little about your real estate experience and goals. What area of real estate investing are you looking to get into (wholesaling, rehab, buy and hold, etc)?

Also, don't forget to add a profile picture.

Such sad and terrible news. I got to know Ryan a little bit at the Summit last year and he is a really cool and intelligent guy. My condolences to his family and friends.

What condition are the floors in? Why are you so opposed to spending some money to refurbish the floors?

This argument is like many others, two sides, each with pros and cons, yet some people are determined to say one is absolutely better...one is not. You will find highly successful people who have taken on boatloads of debt, and you will find successful people who have zero debt, it is not debt alone that will define success.

There are people who have survived real estate just as long as Tom who have debt...there is no definitive answer here. I tend to think the best method is somewhere in the middle (using debt as a tool but being very aware and careful in how I use it), but I understand other people will see things differently.

Welcome to BP Alicia. You will find a lot of information here that can answer your questions and get you on the right path. The forums, blogs and podcasts are all very helpful and the membership here is willing to help others, so make sure you ask questions if you cannot find what you are looking for.

The questions you pose are very broad...use the search feature at the top right to find existing articles and forum discussions about those topics. Also, once you spend some time on the site, you will see which members are experts in certain areas.

Again, welcome and good luck!

Welcome to BP Bryan. I am sure after the crash you have come back with some experiences that will help you in the future. It is always good to see experienced members coming on to BP, I am sure you will have a to to add in a lot of conversations.

Don't forget to add a profile picture. Let us know how we can help!

What? Next you are going to tell me Homefinder Reality Shows are Fake!