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All Forum Posts by: James Vermillion

James Vermillion has started 17 posts and replied 2678 times.

Post: Real estate advisory and counseling

James VermillionPosted
  • Lexington, KY
  • Posts 2,920
  • Votes 1,190

I love ambiguous titles and they are everywhere in real estate. One thing I have found out is often times when you are not sure what a title means, it means they don't really do anything. Of course this is not always the case. Sometimes large companies (and new companies trying to sound large) come up with ridiculous titles to try to make people sound more important (and knowledgeable) than they really are.

Where did you come across these specific titles...that might help us figure out what they mean (if anything).

Post: free credit check??

James VermillionPosted
  • Lexington, KY
  • Posts 2,920
  • Votes 1,190
Originally posted by Katherine Harper:

Better yet, get one every 4 months from one of the three reporting agencies, so you are rotating them and checking your report 3 times per year.

+1. That is exactly what I do. Throw Credit Karma in the mix with that strategy and you should always have a pretty good idea of what your credit report looks like.

Welcome to BP Jharmaine! It sounds like you have a much tougher job than most of us with 7 kids. Please let us know how we can help you get started.

Post: First Multi-Unit - Psyched!

James VermillionPosted
  • Lexington, KY
  • Posts 2,920
  • Votes 1,190

A huge congrats to your Deborah! I am ready and hunting for my first multi-family too...well done!

Post: New to investing in the Wilmington, NC area

James VermillionPosted
  • Lexington, KY
  • Posts 2,920
  • Votes 1,190

Welcome to BP Kyle and thanks for your service. I started investing while I was AD Air Force and have only been out for about 11 months, so I understand some of the challenges (and perks) of investing while you are in the service. Please let me know if you need anything (and stay safe in the sandbox).

Post: wholesaling

James VermillionPosted
  • Lexington, KY
  • Posts 2,920
  • Votes 1,190
Originally posted by Tiffany Flores:
Thanks for all the good advice. But all I have been doing is reading, researching and evaluating including REI clubs, and seminar after seminar it is getting very costly and I know it is time to start making all this money back.

The first step in my opinion would be to stop spending money on more seminars and start spending money on real estate. While not all of those seminars and classes are bad, there are many people (myself included) who got started in real estate without ever paying to attend one. J Scott is correct, it seems like that you have already taken a lot of time on the education phase, so you need to start thinking about how you can put that education into action (otherwise you will never make a cent).

When you hit roadblocks, look on BP for the answers and if you cannot find them, ask...this community is incredible and will help you along the way if you ask for it.

Post: They Couldn't Borrow $100 For One Day?

James VermillionPosted
  • Lexington, KY
  • Posts 2,920
  • Votes 1,190
Originally posted by Mike B.:
I can understand that theory. However, I didn't give my opinion on his policy of charging the $25. My comment was based solely on the attitude of "oh my God, how could these people not possibly come up with a hundred dollars to avoid a $25 fee." My reasoning for being on this board is to help new investors, network with people and evaluate situations that are working for people that I have not tried yet. I did not join this board to pat myself on my back while looking down on others and that's what I took away from the first two posts. Maybe I'm extra sensitive this morning and I took it the wrong way, but that's how it came off to me.

I appreciate everyone who contributes here on BP, I think most are here to help others (and learn a little bit too). I'm not sure anyone meant to look down on others, but I know some of the landlords here have been in the business for a long time and have seen just about everything, and that experience might be reflected in their posts. Trust me though, Bill has helped a lot of people on this board and probably in a lot of other places as well. If you stick around you will probably say something that ruffles someones feathers a little bit, no big deal.

Also, Bill's comment "poor people have poor ways" has a lot of truth to it.

Post: They Couldn't Borrow $100 For One Day?

James VermillionPosted
  • Lexington, KY
  • Posts 2,920
  • Votes 1,190
Originally posted by Mike B.:
Not sure what me being a landlord has to do with the original question or my comment, but yes, I am.

I think it was a relevant question Mike B. I believe Mike was alluding to the fact that sometimes people who are not landlords have an easier time telling landlords to be nice, because they are not personally invested in the situation.

I consider myself to be a very compassionate and understanding person, but I also believe that if I set policies, I need to stand by them, as I am expected to on my end. Leniency on such policies can often make people feel good about doing a good deed, only to later cause bigger problems.

Post: They Couldn't Borrow $100 For One Day?

James VermillionPosted
  • Lexington, KY
  • Posts 2,920
  • Votes 1,190
Originally posted by George P.:
i'd not fine them for one day.

What about just two days? or just three? Where is the cutoff? I understand where you are coming from, but things get cloudy when you start wavering from your policies.

Post: New to BP

James VermillionPosted
  • Lexington, KY
  • Posts 2,920
  • Votes 1,190

Welcome Wayne! What kind of real estate investing are you most interested in? What kind of research have you done over the past 8 months?