We decided to compile a list of resources to help you along your fix and flip or property rehab journey. These blogs offer a wide-range of things, such as tips on design, do-it-yourself tutorials, and even the latest home trends. The list goes outside the box of typical real estate investing blogs and dives deeper into the beauty of real estate design.
To be successful in real estate investing, it's important to develop and maintain a trusted network that can help you get the job done. Unless you're a seasoned pro at home renovations, one of the most valuable players in your business will be a contractor. They are vital to ensuring your project is completed to the highest standards and within a timely manner. A good contractor understands the local market and is reliable. So how do you find a trustworthy contractor? Here are some tips:
YouTube has become a source of entertainment for our mobile generation. Amateur and experienced filmmakers have taken to this channel to showcase their skills and share their lives. It has also become a host for educational videos - from how-to’s to do-it-yourself videos - you can find just about anything. Almost 5 billion videos are watched on YouTube daily, with over 300 hours of content uploaded every minute! Every industry, including real estate, has flocked to this channel as a way to further help share their tips and tricks. We put together a list of some of the top YouTube channels you should subscribe to if you're active in real estate or planning to dive into the fix and flip world.
The internet has a plethora of resources - you can practically Google anything and find an answer before you even finish typing your question in the search bar! But sometimes with so many options and pages upon pages of maybe related answers to your question; it can get overwhelming.
For this reason, we like to throw it back and pick up a good ol’ book. There’s something about a well written book by an author who put forth the time and effort to create something tangible.
It demonstrates their passion, their dedication.
We did the work for you and picked out five must-read books for the real estate investor...also we're giving away a book bundle, so be sure to enter for your chance to win!
New to the world of real estate investing? We know that for first-time real estate investors, there’s a lot to learn about this industry and it can get overwhelming. But you don’t have to worry because we have been there before and are happy to be your guide through this new journey.
One of the most daunting things in real estate, or in any industry really, are all the acronyms. Have you calculated the LTV of the REI based on the ARV? WHAT??? We know, it may seem confusing, but once you learn what they mean, you’ll be speaking the real estate investor lingo in no time
Here’s a quick guide to some of the most used real estate acronyms in real estate investing:
When you’re searching for money to fund your development project, the options can seem endlessly confusing, if not simply endless. After all, you can choose between working with traditional banks and credit unions, a mortgage broker, a hard money lender, or – if you happen to know someone with the funds – a private lender. There are pros and cons to each option, of course, but for many developers securing a hard money loan is the quickest, simplest way of getting the funding necessary for a project. Hard money lender's like Walnut Street do have terms that differ a bit from a traditional bank or lender, but for some developers the benefits significantly outweigh the disadvantages. Let’s take a look!
Real estate investors typically seek foreclosed or older homes because they come at a good price. But often times, these types of homes require a little (sometimes a lot) of love. At the end of the day, the work you put into your rehab property should generate a considerable return on investment. So, how does one determine if they should rehab to rent or rehab to sell?
When you’re looking to finance a real estate investment project there are a few ways to go about getting your funding: you can apply for conventional loans, hard money loans, and private loans. Each of these options has their own unique set of guidelines and regulations, and they’re all inherently different. For example, the application and approval process for a conventional loan versus a hard money loan is much different, whereas a private loan may not have any formal process other than knowing the “right people.”
Without a doubt, the biggest factor that goes into purchasing property - for business or personal reasons - is whether or not it’s financially feasible. Not to mention, by taking out a real estate loan to make your purchasing dreams a reality, the interest rate will surely come into play. Just one or two percentage points on the interest rate can make a significant difference to your monthly payments, which is why many property buyers keep a close watch on mortgage rates as they prepare to make their purchase.
Deciding where to invest your money wisely can be a challenge, especially when you are new to the investing game or you’re just getting your feet wet in real estate. Whether this is your first foray into investing or you’ve been doing it for years, investing with Walnut Street Finance is an ideal strategy to realize your investment opportunities.