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.
So, you’ve decided to get into the investment property game - that’s great. Whether you’re planning to flip some single-family homes or invest in a multi-family property as a landlord, the first step is to figure out how you’ll be financing your project. After all, without a clear idea of where your funding will be coming from you won’t be prepared to make an offer on the property in the first place.
Investing in real estate tends to follow a different path than purchasing your own primary residence. Investors tend to use private money lenders because it affords them more flexibility in the process and also allows them to build a business relationship that, as time goes on and their property portfolio grows, only becomes more advantageous to both sides. But choosing the right lender can be tricky - if you’re hoping for your deals to move swiftly and seamlessly, you’ll want to do your due diligence and select the right lender.
One of the most common discussions around investing in real estate is whether or not it’s a good idea. For many individuals, the answer is “yes,” followed by something along the lines of “when you’re paying rent you’re paying a mortgage - it just isn’t your own. Why pay someone else’s mortgage?”
As the seasons change so does the real estate market. It’s important to adapt your home staging strategy and decor for the season. Understanding what each season brings can drive your staging budget and attract buyers.
Here are some tips for staging in all four seasons:
The first rule of real estate investing, always know what you’re getting into. Whether that’s buying a fix and flip home or vacant land to build on, it’s important to do your homework. Buying vacant land makes the possibilities endless; you could build a custom home to live in or sell, you could sell it to a builder or you could choose to develop it on your own. However, vacant land doesn’t always mean it’s suitable for development. Here are a few things you should know (and consider) before you decide to put your money into it:
If you work or reside in the Washington, DC metro area, chances are a good chunk of your day consists of commuting. According to a global traffic scorecard, Washington, DC ranks 6th for the most traffic congested cities in the United States. Look on the bright side! Long commutes mean more time to catch up on some real estate investor news and knowledge.
Here are 5 real estate investing podcasts that are guaranteed to entertain, educate and quite possibly make your next drive or ride much more bearable 🚗 🚌 :