How would lenders view my experience?

[Justin Dominguez]

Hello BP,

Everyone in this business loves working with others who have experience. A track record of success opens up new opportunities that are otherwise unavailable to rookies.

I currently own three rental properties in north Texas (DFW); 2 single family homes and a commercial property that I rent to a guy that uses it as a small appliance repair shop.

However I did not find and close on these projects from the start, they were inherited. So while I have experience being a landlord and doing some rehab on these properties, I’ve not done a deal of my own.

When looking for financing, how much does this ‘experience’ count? When I’m looking to fund my next property should I mention how I came into the business or just show that I own the investments, they are doing well, and leave it at that? Or does it not really matter because a good deal is a good deal and getting financing is easier when there's obviously money to be made? 

I don’t want to sell myself short but don’t want to misrepresent myself either.

Thank you!