Episodes
Tuesday Mar 17, 2020
Future of the Market - Oliver Austria
Tuesday Mar 17, 2020
Tuesday Mar 17, 2020
This week, we welcomed Oliver Austria back to the REI Roundtable podcast for the second time. Oliver is the co-founder and CEO of Triumph Capital, a direct private lender for residential real estate investors. On this week's episode, Oliver talks about where bank lending falls short—and where private lending provides opportunities. Oliver brings some TRUTH about when writing the loan just doesn't make sense. He was an underwriter during the 2008 recession and walked away from that experience with the insight he used to build Triumph Capital.
Oliver talks a lot about how lending tends to swing too far in one direction or another. Before the crash, lending was done too freely—borrowers were getting larger loans with adjustable rates and no money down. Then, lending swung to the other side, where it was hard for investors to get loans on properties they planned to flip. Now, Oliver says lenders are operating more in the middle… Which means real estate investors have more choices.
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