All Forum Posts by: Ryan Aurand

@Erik W. @Scott Mac

I certainly didn’t mean to infer that the current state of our economy is weak. I was more curious about this industry in case we see a dip sometime over the next couple of years. 

Hey BP members!

I'm in the early stages of preparing to buy my first single family home. As I start to think about the availability of obtaining hard money loans (and other sources of financing) over the coming years, I can't help but be worried that my options may be more limited in a weakened economy.

What is the relationship between the US economy and the availability of financing (particularly hard money lending) in depressed markets? I'm generally aware that conventional lenders are likely to have tighter guidelines on the types of properties and people they'll lend to, but do the hard money lenders show the same behavior? I'm unsure if hard money lenders would shrivel up or if you actually see an influx of hard money lenders looking for high-return "fixed" income in leu of the declining prices in equities. 

Any guidance here would be greatly appreciated :)

@Angie Shires Thank you so much! I'll be sure to research the number of PM companies locally. And great tip on meeting face to face- I already scheduled a visit for Monday :)

Hi guys!

I'm a brand new investor in North Georgia looking to BRRRR single family homes. I've been spending a lot of my time lately scanning Zillow to determine the market rate for renting 2 and 3 bedroom houses. Unfortunately, there don't appear to be many homes available for rent in the areas I'm looking at. I'm becoming worried that, given how few homes are being listed for rent, perhaps it isn't common for people to rent homes in this area. In the smaller towns I'm looking at, it seems possible that people are only looking to buy.

I'm wondering if my fear is justified or if the market to rent will always exist (just greater in some places than others). Any advice is appreciated. Thanks!!