What would you do if half your business dropped off?
The Apocalypse Test
Have you done a Stress Test?
Wendy Sweet and Bill Fairman are joined by Jonathan Davis as well to go through their Stress Test and what they are doing to prepare for the worst so they don't get caught.
2019, they made huge changes to their business. They changed the criteria for what they were lending on. They changed who they lent money to.
They started lending to the 'Affordable Housing' market. These are the most liquid assets and easy to move compared to high-end loans in the $500K to a million.
They discuss the benchmark for yields, their average loan size and what monthly rent payments are likely to get.
If you are serious about building a strong long term business, the concepts shared in today's show are crucial.
Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the "Small Builder" borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and "Ground up Construction Loans" for investors only in NC, SC, GA, VA and TN (some areas of FL, as well).
As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management.
