All Forum Posts by: Benjamin Finney

Agree there'll always be flippers finding and doing deals in any market. The nat'l trends are definitely not relevant, local is all that matters. Nice to know which way the markets heading even if just intuituvely through dealing in the market. Inventory rate, DOM, price trends, new build permits/ builds in the pipeline (future inventory). If things are softening, being a bit more cautious around long term reno's/ having too many deals out at once. Make sure it'll cashflow as a rental if need be. The reality is no one knows what's going to happen until 6 months later. But we can stay educated on trends. I enjoy the quantitative side of it all. Nice on SC. I recently moved into NC market. Seem like solid markets for the years ahead. Thanks for the insight Jay! Happy Holidays

Chris, interesting niche on non-performing mortgages/ rtl's. I guess every problem has it's price. And probably not a lot of competition. I've always found inventory rates (and how they've moved over time ie previous 1-2 years) to be the starting point for where a market's health is at. Thanks for the insight!

I'm curious what real estate investors and private money lenders like myself use to inform their businesses strategy and predict future market conditions. I just got done making a YT video on the subject, so it's fresh on my mind. I consider inventory rates, price trends, unemployment data, population growth, job growth all to be relevant to where a market is at and where a market is heading. What trends and indicators do you look at to keep your thumb on the pulse of market health and trajectory?

When I was younger I went from not having a FICO score because I paid for everything cash to an 800+ score in 6 months by having a couple family members and my girlfriend add me as an authorized user to their credit cards which they'd always paid on time and paid off every month. Once I was an authorized user on their cards, I was easily approved for my own cards. At that point I had $130k+ of available credit that always got paid off every month. These two methods seem to be the easiest path to 800+.

Thanks @Heath Sizick. I hope your son is doing okay after the storm. I fared well luckily, did not sustain any damage personally. It was no doubt a disastrous storm and still reeling. Asheville has just recently started to feel like it's beginning to come back online, but a long ways to go for a full recovery.

Thanks@Mitch Davidson I appreciate you looping me in! I will try to get out to one of the investor meetups soon!

Hi fellow BP'ers. For the last 22 years I've been involved in real estate as a house flipper, with extensive experience in building and renovation contracting, owned a residential property management company, and now have a private money lending business (licensed NC re broker). I live in Asheville, NC and also have experience/ spend time in Austin, TX and New Hampshire. I enjoy learning and growing as an entrepreneur, investor, business owner, and person. I believe in learning and growing together as fellow entrepreneurs, so I'm glad to be on here helping others while I scale out my PML operation. I really enjoy masterminding on all things real estate, private money lending, residential/ commercial re investing. Feel free to add me to your network and let me know how I can help you reach your goals!

Strictly from a private money lens: If you're open to a 2nd position private money loan against your STR's,
it's possible. The 2nd PML would only be up to 65-70% LTV. More of a
short-term solution if you're looking to do a value-add or bridge into
longer term financing on the multi within 6-12 months. Not all PMLs/ HMLs will do 2nds. The numbers would of course have to look right. You don't want to over leverage yourself!