Suna and I spent the weekend in Austin attending a Fortunebuilders “training” session. Although they presented more information about flipping, which they prefer to call “redeveloping,” that we could possibly assimilate, the three days were primarily devoted to marketing further training and the back-end systems they have developed to support their own redevelopment business, CT Homes.
Carol and Russell also attended, and we sat together for much of the weekend. Russell couldn’t get off work for the Friday session, but he was there for both Saturday and Sunday.
We had lunch together almost every day, but Suna and I were on our own for dinner, when we didn’t run into someone else attending the event. Since I hate to drive in traffic, we stayed at a hotel in walking distance of the event. The weather was perfect and walking to the event (and meals) gave us some much needed exercise. It didn’t take long to develop “conference butt” as we were stuck in uncomfortable chairs for hours on end.
In the end, the four of us decided to formalize our relationship by forming a new redevelopment company, Hermit Haus Redevelopment. The name was Carol’s idea based on the fact that I am so much a hermit. We also decided to sign up for the full package of Fortunebuilder training, including joining their “Inner Circle,” which is supposed to grant us better access to the big dogs. We’ll see….
The main thing I’m looking forward to is learning how to systematize everything. I’ve worked myself into a full-time job as a real estate investor. Hopefully, the systems will enable me to offload some of what has been eating all my time. But honestly, I’ve always been better at developing systems than following them.
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