What are your borrowers thinking? What do they want to make you their preferred lender? Brandon Cobb joins Mark today to talk about what it is like to be a borrower and what credit unions can do to make real estate investors long-term and happy members.
IN THIS EPISODE:
- [2:26] Brandon shares his professional background, taking him to HBG Capital
- [7:27] Brandon gives his impression of what he thought a credit union was before he spoke to Mark
- [11:31] Interest rates have affected the real estate market, particularly with commercial property
- [15:29] Brandon speaks about the Nashville market
- [17:36] The cost of goods has stabilized somewhat over what it was three years ago; however, the situation with cargo ships has affected the arrival of goods
- [20:19] Brandon talks about the supply and demand for entry-level properties, and he suggests following the money
- [27:30] Brandon states what a suitable lender looks like to him
- [31:56] How to contact Brandon
KEY TAKEAWAYS:
- Many people believe that you have to be a member of a union to use the services of a credit union. That is untrue.
- Commercial property has decreased in value because the costs of upkeep and payment are higher. Many commercial properties are not occupied.
- When a market is affected negatively, it presents an opportunity to buy low.
RESOURCE LINKS
BIOGRAPHY:
Brandon Cobb is the CEO and founder of HBG Capital in Nashville, TN. HBG Capital is a vertically integrated real estate investment firm providing investors superior risk-adjusted returns built to be transparent for the investor and designed to be insulated against market volatility, secured by entry-level single-family residential real estate in Middle TN & value-add Class B & C multifamily in the southeast.
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