At Shipley Commercial Finance, we provide cutting-edge financing solutions tailored for first-time investors. From a private money lender perspective, first-time investors are investors with no recent track record. Our expertise in the finance broker industry allows us to support and guide these investors in achieving their investment goals effectively. 

From a private money lender perspective, first-time investors are investors with no recent track record of flipping homes or owning rental real estate. Investors with experience would need to verify it by proving that their names (and the names of their LLC’s) are or have been on the titles of the properties they claim to own. Lenders can also check the ownership by looking at the tax records or requesting a HUD-1 form from the borrower.

Many aspiring investors have what we call “tangential experience” in real estate. Tangential experience is a plus but does not bear as much weight as direct ownership. Such a new investor might be a real estate agent who helped numerous clients to make money rehabbing homes. They could be a contractor deeply familiar with the intricacies of the renovation process and able to do it at below-market prices. Alternatively, they might have served as a silent partner – someone whose name was never on the title but who nevertheless was essential to the transaction.

At Shipley Commercial Finance, we don’t underestimate the value of the tangential real estate experience. After all, it’s that practical experience that inspires first-time rehabbers to take a leap from being a part of a team to being solely responsible for its ultimate performance. The majority of folks learned enough from such experience to avoid being a complete newbie. However, not everyone will succeed in their role as an entrepreneur-in-charge. We’ve seen successful lawyers struggle with completing their first rehab. We’ve also been impressed with recent immigrants with rough English who’ve hit it out of the ballpark on their first transaction. In other words, it’s different to be “well-positioned” for success and actually have tangible proof of your ability to make money rehabbing homes for profit.