All Forum Posts by: James Vermillion

Welcome to BP Jay...let us know if there is anything we can do to help.

+1. It is amazing what painting the shutters and doors can do (we go with black a lot on light siding and it always looks pretty good.

I also agree that some fresh landscaping would really help.

First off, thanks for sharing Gary. There are not too many people willing to share what many would consider a failed deal to help others, so I commend you for that. Second, I fully agree with J, you obviously learned something very important from this situation, so all was not wasted in this deal.

Good luck to you going forward.

Here is a good article that Ned Carey wrote about How to Find a Mentor

Checkout this blog post from Ned Carey, it might help.

How Do I Find a Mentor?

Welcome to BP Cassie. It's funny how children can change one's plans so quickly. I have friends how have gone through med school and decided they wanted to stay at home after having a child.

One great things about real estate investing is the flexibility and number of options. If you haven't yet, make sure you check out the Ultimate Beginner's Guide to Real Estate Investing, it will give you a nice overview of the various strategies.

Good luck and let us know how we can help.

Oh, and don't forget a profile picture!

Welcome to BP Pete.

I posted this in another thread seeking mentors:

It is just difficult to find experienced real estate investors willing to offer their time to help someone they do not even know. I have seen a lot of people look for a mentor this way but I can't say I have ever seen it work and result in a great mentor-mentee relationship. I believe the best way to find a mentor is through building relationships and showing experienced investors that you have the tools to make a good student and can offer them something in return.

Stay active on BP, attend local REIA meetings, and talk to as many people as possible about real estate investing. When they see you are working hard to learn about real estate investing, you will form relationships with investors willing to help you out.

I have never asked for a mentor, but now I have several.

Didn't you just post this a day or two ago?

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?