Yesterday evening, I left the farm after being there for
only about an hour. Mama and I were going to get a call from our newly assigned
coach at about 8 pm, but I felt like I needed to get some more research done in
case we were asked if there was anything particular we were working on. It helped
to be at the office, getting my mind centered on the business, picking apart
lists. Mama and I will continue to do so as we are coached through the process.
I did find a couple good properties, but we will not be able to purchase them because
they are going to auction next week. Mama and I are not prepared to move that
quickly, but it is good to see the process work in identifying good deals as we
wade through the data.
As promised, Theresa called at 8 pm. She called me first
and we conferenced in Mama. We only chatted for about half an hour so she could
get a feel for where we were interested in looking, what our long-term and
short-term goals were and what our financial resources were. She was pleased
with some answers. She was not overly pleased that we had already met with Frank.
That, we have learned, should have waited until we had completed our coaching
sessions. Oh, well. I think Frank gave us a really good start – but time will
tell. She was pleased that we understand the process and the limitations we
will face due to our limited cash. She referred to herself as “cheap”. That
will probably work well for me and Mama. One of the disconnects Mama and I had
with Frank was with regard to his financial approach to this business. He was
thinking in the $100,000+ range of purchase price for properties while we were
more in the $10,000+ range. However, Frank did teach us a very practical way to
record, tabulate and organize our research. We will see how Theresa does her
research over the next few weeks and merge the two at some point along the way.
Mama and I are anxious to get started, to make our first purchase, to make
enough money to do this as a fulltime business without having to report to an employer.
Maybe this year.
I will be presenting a class tomorrow. I have one class
each week for the next couple weeks. One of the three will require me to travel
for a couple days. I was talking to Mama this morning and mentioned my travel
next week as opposed to her travel this week. My hope is that at some point in the
very near future we will be together when we travel – but not yet. I am pleased
that my company allowed me to rework the presentation that I give most often to
make it flow more smoothly. It is still a bit fractured in sequence, but at
least, there is a greater continuity to the overall presentation for now. At
some point I will rewrite the entire class and group it according to content
rather than skipping back and forth in focus areas. Tomorrow will be the first
time we will be using the new books and slide deck for the class. It should be
no issue, but I will get to see what sticks out as I present the class in full.
Mama is thoroughly enjoying the twins, although she is not
used to lugging around such large babies. Neither of the girls is able to hold
themselves up very well so they still have to be supported when being held. That
takes an effort Mama is not conditioned to as well as Britany. Brittany has had
the advantage of growing stronger as the twins have grown – a slow progression
to where she is today. No other person has had the daily exercise of handling
the growing babies; Mama included. Fortunately, she is used to handling sacks
of feed that weigh a bit more than the babies. On the down side, she does not
usually carry the sacks of feed around for very long. So, she is part way
there, but not all the way there. Never-the-less, she is having a great time.
If her plans do not change again, she will head home
tomorrow.
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