Labor Day Weekend Fun and Planning

It was a nice Labor Day weekend for the family. We spent most of Saturday with my husband's family -- we almost got rained out thanks to effects from Hurricane Gustav but fortunately the rains let up and the kids could still go swimming. Today we spent the afternoon with friends eating and playing games. We managed to get some work done as well. This week we're going to be focusing primarily on funding. I researched online to find as many local community banks as I could and my husband is going to go into these small local banks and work to establish relationships with them. We will also contact several hard money lenders so that we can begin to understand the terms and know what our options are. I was inspired by a training call from one of my new favorite websites flippinghomes.com by Steve Cook. I've been lurking on the site for a couple weeks, but plan to be an active participant shortly. This site is a wealth of information and has a very supportive community of investors ranging from newbies to pros. If you're interested in the audio from the call, check it out here. Once we know how we're going to fund deals, we're going to get busy and make some offers on REO properties.

We're also going to expand our network by participating in REI clubs. There's a few here in our local area so we just need to make sure to get to some of those meetings. I'm sure we'll meet plenty of other investors, hard money lenders, real estate attorneys, and title companies. That's all good because we could benefit from relationships with all of the above!