The Mindset of a Private Lender: How to Become a Good Loan Candidate w/Paul Shaughnessy

To succeed as an investor, you have to get good at 3 things, finding deals, finding capital and managing the properties. For most people, the capital piece is the most challenging, especially if you’re just starting out.   Partnering with the right lenders takes a lot of the complexities and guesswork out of the capital part, and the more educated we become about them, the better.   How do you tap into different pockets of capital? What are private lenders looking for to invest in a deal?   In this episode, I’m joined by the Managing Director of Renovo Financial in Boston, Paul Shaughnessy. We talk about how lenders approach deals and how to make it easier to get capital for your own investments.   Anytime there’s significant amounts of uncertainty, you’ll have capital leaving the market. When there’s a scarcity of capital, that leads to more expensive money. -Paul Shaughnessy   Three Things You’ll Learn In This Episode   What lenders are looking for in an investorWhy do lenders prefer an investor who has a solid team behind them?  Why lenders vet rental deals closelyCan the right lender keep you from getting into a bad deal in the first place?  Why you need multiple sources of capitalCan we expect capital to become more constricted with what’s happening with interest rates?    Guest Bio   Paul Shaughnessy is the Managing Director of Renovo Financial in Boston. Since 2016, Paul has been wheeling and dealing in Boston real estate. Renovo Financial is more than a lender,  with local market knowledge and a streamlined process, they work with clients through the life of their real estate investment loan to ensure that their project gets completed quickly and efficiently. For more information, email [email protected] or call 339-224-2586.