There hasn't been much action this week, with the paying job consuming far too much of my time (and no overtime, since I'm salaried) and my internet connection down for a couple of days. I had way too much fun shooting trap with a couple of friends today, but I needed a break.
Funding continues to be problematic. I'm still trying to get a hard money lender to return a call -- if, indeed, their email addresses or contact phone numbers are still valid. I called a couple of lenders who advertised in my local paper. The Umax rep told me, "No one is doing after-repair value (ARV) loans anymore; they all want to see some skin in the game." In this case, the skin is 40%. The other call went straight to voicemail, so I left a message and am awaiting a call back.
I am getting returns from realtors. Several of the properties I inquired about were under contract at the time but are back on the market now. I need to start networking more with potential investors.
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