All Forum Posts by: James Vermillion

Hey Kashana, welcome to BP. Make sure you take full advantage of the vast resources here on BP including forums, blogs, podcasts, analysis tools, etc. I have found the forums to be the best part about BP, because the members are so willing to assist others, answer questions, and provide guidance when needed. If you come across problems finding what you are looking for let us know, someone will point you in the right direction.

What kind of investing are you looking to get started in?

Welcome to BP Josh and congrats on getting back in on this side of real estate. Good luck and please let us know if you cannot find info you are looking for...someone wil point you in the right direction.

It sounds like you are on the right track Anthony. Since you have already started to figure out your market and the rehab process, it sounds like you are correct in starting to align financing. As you probably know there are several options, but I would start with local / community banks (especially if you have good credit and income). If that is not an option you can start looking at other options like Hard Money Lenders, partnering with other investors, etc.

If you haven't yet, start researching prices for common rehab jobs in your area. It is one thing to understand the process, but you also need to be able to estimate the repair costs.

Good luck as you move forward!

Nice David, I went to UK as well. Go CATS)! Your family didn't happen to manage a resturaunt did they?

I agree with Brianna...in some businesses a brand can be very significant, but in real estate I do not see it being so in most cases. The employees would make little difference in the valuation. In this scenario what assets would be part of the sale:

- the brand

- any property

- any technology / systems

I can't think of any reason I would pay much for a real estate business if it does not include some assets that I cannot immediate reproduce or hire. In other words...why would I pay 3 mil for something when I can take less than 3 mil and do the exact same thing.

Welcome to BP Matt. I will actually be in Nashville this weekend visiting family, I love it there. Good luck and if you cannot find something here on BP just ask, someone will point you in the right direction.

Welcome to BP David. I am from Lexington, where in KY are you originally from?

The question is what are you actually selling...just the name / brand?

Welcome to BP Jonathan...I believe the most is gained from this resource when you are involved and interact with others. See you around the forums!

Welcome to BP Justin! Sounds like you are ready to hit the ground running. Good luck!