Nathan Parente is a force in the LendingHome community. Not only has he worked on our feasibility team, he is now on our sales team, supporting customers who are new to house flipping and/or real estate investing. That’s not all either, he comes to us with his own experience and success in the field and we are thrilled to have such a positive, knowledgeable leader in our arsenal who has made a positive impact in the industry himself.
He speaks to customers and helps them navigate their projects not only as a dedicated experience manager, but as a real estate investor with flipping experience. He has the 360 degree knowledge of every angle of the process from both sides of the spectrum. Discover why he chose to join the LendingHome team and his journey in real estate investing in his own words:
I grew up working alongside my father as a general contractor. Out of high school I chose to pursue a bachelor's degree to be the first Parente to earn one, and to ultimately to avoid the natural progression of joining the family business and working as a contractor. Ironically, after completion of my communications degree and being unable to obtain a full time position where I felt valued, I scraped together the money, and launched into something I knew well.
In 2012, I purchased my first rental, and since then have been building my rental portfolio—and I have also successfully executed six flips! While I do work full time for LendingHome, I still balance and stay very active in the real estate market and am still building wealth for myself and my family through real estate investing. Being an investor helps me stay on top of my game at LendingHome, and working at LendingHome helps me stay on top of my game as an investor. They are very complementary to my career and long-term goals.
When I was first brought on to the team at LendingHome, it was initially a six-month contract position. A recruiter reached out to me right when I was wrapping up a flip. So, the timing was perfect. Anyone who has done a full renovation, running subs, and doing a lot of the work themselves, knows that it can be exhausting—both physically and mentally—so I told myself that I could definitely sit at a desk for six months especially for great pay, working the field that I love, and take it "easy" for a bit.
To prepare for the interview, I did my research. I submitted an application for funding for a hypothetical project, just to get a feel for what LendingHome was all about. And since I was experienced as a real estate investor, I knew what to look out for. I also knew what to not look for.
I was happily surprised to say the least—and it’s because of a past experience with obtaining financing that really put it into perspective for me.
A prior experience
A couple years prior to my interview, I had used a hard cash lender to fund a deal that I had my sights on. To say it was a disappointing process is a massive understatement. The process with this lender was overtly invasive. So much so, I joke that they wanted to know what I had eaten for breakfast that morning!
That experience really left me convinced that hard cash was not a good fit for me, until I pulled up LendingHomes site on my phone and in a matter of moments had submitted all of the initial information required to start the process, had details sent to my email, and then moments later, got a followup call from Ryan Chong (one of our killer customer experience managers).
It was after that call that I told myself, "If I don't get this gig, it's cool, because I think I just figured out how I'm going to fund and scale my operation moving forward.”
A new REI outlet and a new perspective
LendingHome was not only a place I wanted to work, but a place I genuinely believed in based on experience. I saw right away the problems it solves and it’s ease of use.
Needless to say, I did in fact get the job and my knowledge and background in the industry has been utilized by many teams in the organization to gain a broader understanding of what real real estate investors are thinking, looking for, and how internally we can support them and develop our products and services to better fit them. Real estate is my passion and I love to use my experiences, wins and losses, to serve our company and to assist our borrowers in achieving success in real estate investing and in building wealth!
Working here has given new breadth and depth into my own experiences and I’m excited for what we have accomplished and where we are going.
Thanks Nate! We are grateful to have you a part of the team! Read more on our Insights and More section of the LendingHome Blog.
Disclaimer: The above is provided for informational purposes only and should not be considered tax, savings, financial, or legal advice. All views and opinions expressed in this post belong to the individual referenced. NMLS ID: 1125207 Terms, Privacy & Disclosures. Copyright LendingHome Corporation 2021