Building Real Estate Investment Team

How to Choose the Right Title Company

October 6, 2021 by Kyle Sennott Leave a Comment

The finish line is near! You found an excellent property investment opportunity in the DC Metro area. Now you are ready to purchase the real estate property and begin your fix-and-flip – right after you close the deal. Before you begin renovating, you need to finalize the real estate transaction. You will need a good title company.

For many borrowers, choosing the title company is a decision they don’t put much thought in. However, working with the wrong title company can make even a simple transaction a nightmare. Why? First, …

Get Free Advice From These Real Estate Experts

May 9, 2019 by Kyle Sennott Leave a Comment

In our previous blogs, we’ve talked about impracticalities of paying thousands of dollars to attend a real estate seminar or get access to a real estate guru. The best way to save money is to stop spending it when you don’t have to. So here is the list of real estate experts that are ready to impart their hard-earned real estate wisdom without emptying your valet.

How To Get Seed Capital For A Hard Money Loan

June 4, 2018 by Kyle Sennott Leave a Comment

Some starting capital is essential to qualify for a hard money loan. This is a topic that we discussed at length in our previous articles (see our blogs on Why No Money Down Hard Money Loans are a Pipe Dream and Why Private Mortgage Lenders Want You to Invest in Your Deal). The reason for it is simple: the lack of seed capital is the primary challenge for many new real estate investors. However, as with everything else, where there is a will there is a way.

Among the many benefits of working with a hard money lender like us is the flexibility of our underwriting. Our hard money loans are not credit score driven, and we don’t verify our borrowers’ income. When it comes to borrower’s contribution to the transaction, we accept a more diverse variety of sources than traditional lenders.

House Flip Partnerships: Things NOT to Do

May 30, 2017 by Kyle Sennott Leave a Comment

Private lenders believe that borrowers’ financial contribution to the house flip transaction makes loans less risky. By investing their own funds, borrowers demonstrate their ability to save and manage money. They also show their faith in the transaction and its profitability. Having “skin in the game” motivates borrowers to move fast, work hard and make responsible decisions.
At New Funding Resources we fund the lion’s share of what’s needed to buy and rehab a property. However, it’s not uncommon for the new investors to struggle when coming up with their own share of the funds. Some have little in reserves and need to save more before becoming real estate investors. Others have some seed capital, but still might fall short of what’s needed. For that group, bringing in partners who can contribute the rest of the funds might be the right solution. However, before you run out to find such partners, consider these three mistakes. They will not only complicate your foray into rehab business, but also cause a havoc in your relationships with your partners.

How to Build a Great Investment Team: Part 6

November 21, 2016 by Kyle Sennott Leave a Comment

Real Estate agent is an essential part of your investment team. Perhaps the most important piece of advice I can give you as a private mortgage lender is to find an agent who specializes in working with investors. The truth is that representing an individual who wants to purchase a home to live in and representing a real estate investor is VERY different. It requires different types of skills that not every Realtor might have.

How to Build a Great Investment Team: Part 5

November 14, 2016 by Kyle Sennott Leave a Comment

Have you ever heard the phrase “It takes a village to raise a child?” As we continue our private mortgage lender series on building a great investment team, it may feel like we are truly recruiting a village. Today we will focus on a team member you may not have thought about, the interior decorator. Unlike a real estate agent or contractor, interior decorators might not be necessary for each project. However, for certain fix and flips, spending money on interior decorator might actually help improve your return on investment.

Building Real Estate Investment Team

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