3 Tips to Productively Work With an Architect on Your Next Project [Video!]

3 Tips to Productively Work With an Architect on Your Next Project [Video!]

1 min read
Matt Faircloth

Matt Faircloth, co-founder and president of the DeRosa Group, is a seasoned real estate investor. The DeRosa Group, based in historic Trenton, N.J., is a developer and owner of commercial and residential property with a mission to “transform lives through real estate.” DeRosa creates partnerships to finance select real estate investments and has a proven track record of providing safe, profitable investment opportunities to their clients.

Experience
Matt, along with his wife Liz, started investing in real estate in 2004 with the purchase of a duplex outside of Philadelphia with a $30,000 private loan. They founded DeRosa Group in 2005 and have since grown the company to hundreds of units in residential and commercial assets throughout the East Coast. Under Matt’s leadership, DeRosa has completed tens of millions in real estate transactions involving private capital, including fix and flips, single family home rentals, mixed-use buildings, apartment buildings, and office buildings.

Matt is an active contributor to the BiggerPockets Blog and has been featured on the BiggerPockets Podcast three times (show #88, #203, and #289). He also regularly contributes to BiggerPockets’ Facebook Live sessions and teaches free educational webinars for the BiggerPockets Community.

Matt authored the Amazon Best Seller Raising Private Capital: Building Your Real Estate Empire Using Other People’s Money. The book is a comprehensive roadmap for investors looking to inject more private capital into their real estate investing business and is a must-read for anyone looking to grow their business by using private lenders and equity investors. Kirkus, the No. 1 trade review publication for books, had this to say about Raising Private Capital: “In this impressively accessible introduction to a complex subject, Faircloth covers every aspect of private funding, presuming little knowledge on the part of the reader.”

Matt and his wife Liz live in New Hope, Penn., with their two children.

Education
Matt earned a B.S. in Industrial and Systems Engineering with a minor in Business from Virginia Tech. (Go, Hokies!)

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Let’s face it: Most of us investors absolutely love the buildings and homes that have a ton of issues. The more repairs they need and dilapidated they are, the better. While we do indeed get the best deals in these circumstances, if you are in this business for any length of time, there is a strong likelihood that you will need to hire an architect, structural engineer, or some type of design professional.

Sometimes You’ll Need a Professional

Over the years, we have worked on a lot of homes and buildings that need extensive work. While some of those repairs are easy to figure out—like new kitchens, roofs, flooring, and landscaping—there are others—like cracked foundations and structural issues—that may require a professional to ensure successful execution.

Related: How to Build a Highly Effective Real Estate Team

On major renovations, you will also need to submit drawings to get the correct permits. In these circumstances, one of your team members should be an architect. We have used architects on large gut renovations and smaller projects as well. We have used and continue to use structural and civil engineers as well. This is an incredibly important expertise to have on your team. As with many professionals, however, potential slowdowns in timeline and increased project cost can come along with the specified expertise.

In today’s video, I am standing in front of one of our new renovation projects. I share three tips when working with architects:

  1. Use their expertise to help figure out major issues.
  2. Don’t let them overly run up costs your project.
  3. Use only what you need from them.

As always, I would love to hear your experience when working with an architect. What has worked, and what has not worked?

Let’s get some discussion going!