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All Forum Posts by: James Vermillion

James Vermillion has started 17 posts and replied 2678 times.

Post: Flip-Why Wont This Work?(Part II, Conclusion)

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

Congrats Andy...I hope that is one of many for you!

While there are some rude reply's every once in a while, all in all, BP is a great place. I have been on several other forums (not RE related) and there are many more rude posters on there.
Also, people have to keep in mind that there are some new posters who don't read the rules before posting and I have seen it irritate some of the more experienced posters. You just have to take it with a grain of salt, move on, and learn as much as you can!

Post: How DO you build Corp Credit???

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

I am no Steve, but you can start with these...

http://www.biggerpockets.com/forums/94/topics/17238-get-business-credit-part-1

http://www.biggerpockets.com/forums/12/topics/37432-building-business-credit

http://www.biggerpockets.com/forums/94/topics\/49256-establishing-business-credit

Post: Does it pass the "Time Test"

James VermillionPosted
  • Lexington, KY
  • Posts 2,920
  • Votes 1,190
Originally posted by J Scott:
I have an arbitrary $$$ value that I attribute to my time ($250/hour); I outsource anything business related that costs less, unless I prefer to do it myself for some non-financial reason.

IMO, this has worked pretty well for me over the years...and my $$$ value continues to increase as I get lazier... :)

I can probably help you with some of your work for $249/hour :wink:

Post: $100K Typo

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

It may be sometimes deliberate but more often I believe it is a mistake...everyone fat fingers every once in a while!

Post: This is it

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

You are going to need more information. Have you met with her personally? I would definitley not just believe her stories about why her rental history is not good. Talking to her in person will give you a better insight, as you can tell a lot of things from one meeting. Also, There are a lot of threads on BP about screening potential tenants, check them out for some good ideas about other tips, tricks and advice.

Post: Wider Motivations for Investing?

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

For me it is fairly simple:
1) To set my family up financially
2) It is fun and challenging

Those two things make it very worthwhile for me.

Post: schizophrenic roommate needs to go

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

There is not much you can do since you do not own the property (and be glad, because that is a sticky situation). I would advise you to move out as fast as you can, before you get hurt.

Post: Zack Childress

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

Wow...that is simply unbelievable. I would have to question the thought process of anyone who would consider that.

I recently received 2 unsecured loans from private investors. They are 1 year loans with no repayment penalties @ 15% and no points.