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Posted almost 10 years ago

Weekly Update: Met w/ Banks

Major progress last week - but still not pre-approved for home loan.  Must get pre-approved!

Last week's accomplishments:

  • conducted weekly partners meeting, strategised next steps
  • Russ went into three banks and discussed our plans, received positive response and guidance for next steps
  • delineated potential direct mail campaign farm areas
  • analyzed two SFR deals as flips and rentals
  • received feedback on deal analysis from mentor who operates in that area
  • networked with wholesalers
  • networked with other investors
  • studied J Scott's book on flipping houses
  • worked on business plan
  • postponed personal vacation until first house is flipped

This week's goals

  • get back on gym and diet routine!  (was sick last week)
  • submit necessary paperwork to bank
  • contact student loan organisation and adjust monthly payments
  • attend REI meetup in Melbourne
  • study J Scott's book on flipping houses, Russ + Tom quiz each other
  • analyse two deals each day this week
  • review personal budget and savings plan
  • work on selling motorcycle for investment capital

Motivation photo:

trip to NZ - not going until we succeed in our first deal

^ trip to New Zealand; not going until we complete our first deal.


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