PLP-017 Building a Lender’s Team of Professionals

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Building a Lender’s Team of Professionals

In every business it is wise to surround yourself with a stellar team.  In private lending, this team not only makes life easier it helps keep you safe and prosperous.  The professionals you will need on your team include:

 

Attorney – prepare your documents and handle foreclosure, among other things

Appraiser – to provide you a professional opinion on the value of a property

Title Company – a trusted friend that is a necessity

Property Inspector – to determine the condition of a property as well as insuring the rehab/construction work is progressing according to predetermined draw schedule/plan before you release more funds to the borrower

Note Servicing/Escrow Services – let someone else collect the payments, withhold taxes and issue 1098’s

Insurance Agent – self-explanatory, or is it?

Surveyor

Accountant/Bookkeeper

RMLO (Residential Mortgage Loan Originator) – to help with owner financing

Realtor

About the author, Keith Baker

My ultimate goal is to create an economy for Real Estate (and other) Investors where banks are no longer needed. An economy where every day people look to each other for leverage and support. During the day I am an insurance adjuster for the oil field, where I handle millions of dollars of other people's money (OPM), and by night I invest in Real Estate and host this podcast. I hope you have an excellent experience and find real value within this website and the Private Lender Podcast. Please leave comments or submit your questions on the Contact Page.

I wish you prosperous, safe and happy lending and investing!

Thanks for listening

-k

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