“Preparation makes you feel pretty good about an anticipated downturn” and to talk more about what we can do in such a situation, we decided to once again invite land expert Willie Goldberg in today’s episode. Willie is a Co-founder of Discount Lots with 4 years of real estate investing experience. Prior to this, He has 2+ years’ experience in investment banking at Wells Fargo and Jefferies.
Join us as Willie takes us through Discount Lots’ strategy in relation to what’s happening out there with rising interest rates, possible recession on the horizon, stress testing their portfolio, and the best course of action when market conditions begin to change. Tune in!
HIGHLIGHTS OF THE EPISODE
00:23 – Guest Intro: Willie Goldberg
01:19 – What’s new in the world of Discount Lots
02:35 – Rising interest rates
04:47 – The typical sales price now
08:02 – Delinquencies, defaults, and what would happen if delinquencies increase
11:15 – Stress conditions
16:22 – Normal course of action when market conditions begin to change
19:22 – How many lots are in inventory relative to the total portfolio that was sold as receivables
23:23 – Like used cars…
If you found this episode substantial and want to dig deeper into real estate, or maybe you want to discover better investment opportunities, be sure to check out www.tempofunding.com.
CONNECTING WITH THE GUEST