Are y'all buying up everything you can get your hands on now that we are in a buyers market?

Or sitting on the sidelines?

Things are dropping a little here on the bad stuff but good houses are still up. If things really drop & we can get some that don't require much reno, we might pick up a few.

Still watching the prices drop

BMach said:

---

Still watching the prices drop

---

Got a ways to go!

I'm looking. Working expired listings in the greater SA area outside Bexar Co pretty hard looking for small MF and mobiles. Actually finding stuff that will pencil out and trying to get them under contract.

In Blount County, Tennessee it is definitely not a buyers market. The market has cooled off but properties are still selling. Obviously, this isn't a large Metroplex like DFW, San Antonio, Houston, etc. However, Amazon is building, Smith & Wesson's Corporate office will open in about a year or so, and conservative Californians are coming in droves. Houses are going for $270 per square foot, which is crazy. Good quality rental properties are very hard to find...you almost need to hear about them through word of mouth.

What happens to lending over the next 12-24 months if monetary policy continues the current path? Are you all thinking you'll be able to go to your local CU and get a loan for these deals?

mwp02ag said:

---

What happens to lending over the next 12-24 months if monetary policy continues the current path? Are you all thinking you'll be able to go to your local CU and get a loan for these deals?

---

Yes. Deposit relationship is key

I've never heard the term "deposit relationship", please explain.

I have a great relationship with Jefferson Bank in SA but I'm also looking for other ways to access cash for deals I have it be pipeline now, mostly land flips but as stated I do see an opportunity to pick up cashflow right now. I see my friends Marco and Hillary doing it. I see Logan Fullmer killing it (I think you know all of them) and I know I'm on the path they started down.

I have access to some private capital for both but understanding how to put it all together is where I'm stuck at. I don't quite even know how to phrase all my questions at this point, adding private money and building more relationships with lenders is blowing my mind but I need it.

Love to have a conversation sometime. We lend out of our balance sheet so can do things other can not. Feel free to drop me an email.

Thanks Jay, I just sent you a lengthy email. Sorry for my verboseness.....I have a lot going on.

mwp02ag said:

---

I've never heard the term "deposit relationship", please explain.

I have a great relationship with Jefferson Bank in SA but I'm also looking for other ways to access cash for deals I have it be pipeline now, mostly land flips but as stated I do see an opportunity to pick up cashflow right now. I see my friends Marco and Hillary doing it. I see Logan Fullmer killing it (I think you know all of them) and I know I'm on the path they started down.

I have access to some private capital for both but understanding how to put it all together is where I'm stuck at. I don't quite even know how to phrase all my questions at this point, adding private money and building more relationships with lenders is blowing my mind but I need it.

---

We keep all of our cash in the banks that loan us money.

We currently have some strong banking relationships. Email me at Corey @ GBTpm dot com I'll introduce you.

Ah ok, makes sense. I shot you an email, thanks man..

I'm trying to buy more but the areas I typically look still aren't cash flowing any if at all.