All Forum Posts by: James H.

Thank you James Vermillion! What a life saver. Just think how much faster I will be able to start making money once you get trained.

Is there anyone willing to train james to train me to train?!

Man, there is so much interest in paying for mentorship. I think I need to offering RE advice for a fee. But how would I get started? Are there mentors that I can pay that will show me how to mentor for pay?

Sounds like your lawyer just got more work?

Good job man. Sounds like you are handling correctly. If the husband's job/income checks out, I'd say you might just have a winner. It looks like she is trying her best to keep everything on the up and up. One think you did not mention that I find I always want to know is why are they moving?

Everyone who wants to be a real estate investor can be a real estate investor. An engineering degree in EE will open doors in places that not everyone can go.

If at the end of 3 years you can get a 65K a year job with your degree, you will most certainly have not wasted you time.

Any successful investor is diversified. Having a rigorous technical degree from a 4 year university is a very strong hedge against your other investments.

Getting a full scholarship for maintaining a minimum very B average (hopefully you are doing better than that) is a gift from heaven that you should get down on your knees and be thankful for every half hour that passes.

There are other intangeable benefits to a college degree that cannot be realized in any other way than getting a college degree.

Most people do not quit their jobs to invest in RE full time.

Okay. So your NOI (I think that means Net Operating Income) is what you have after all expenses except your debt service?

I'm not really saavy with commercial so I am just trying to figure out the numbers without considering everything in percent basis.

So I'd like some guidance as I would like to learn more about commercial properties.

Based on your estimated cash flow(1,000/month) and your estimate for expenses (15%), your monthly payment obligation is 5805 - (0.15*5805) - 1000 = 3934.25/month? If so, does this include taxes and insurance?

So your NOI (I think this is the correct term) is 5805-3934.25 = 1870.75/month?

Everyone trusts someone else with their money to do things they don't know how to do whether that be a mechanic to repair a car or something else.

Why not do a deal with our own money to prove that you know what you're doing? If you succeed and she still is not on board, you don't want to do business with her regardless of "coaching".

I would not waste MY money on some ELSE's coaching. I would not spend 8G for someone else to convince my GF to invest with me.

To me it sounds like you are trying to establish a business relationship with either the wrong person or in the wrong way.

Haha, I've had my aroma described in less complimentary ways. I suppose you really don't need numbers. Knowing you're a landlord and knowing one of the keys to success in buy and hold is to start with both cash flow AND equity, a good landlord would never hold a single piece of property if he flipped one every time he had a chance. So I'm guessing you turned the offer down?

Obviously one would need to know what the hold profits are to make an informed decision.