Is House Flipping In Southern Virginia Profitable And 3 Reasons Why

Posted by Bobby Montagne on Feb 6, 2018

One of the most frequently asked questions that we get is whether or not house flipping in Southern Virginia is profitable. This is an answer that can vary depending on a number of factors including the time of year or the political climate, but for the most part the answer is a very consistent yes. In order to evaluate the profitability of house flipping in Southern Virginia, we’ve taken a look at three benchmarks to make our decision.

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Topics: Real Estate, Fix And Flip

Weekly Round Up: Real Estate Links We Love - Feb 3

Posted by Walnut Street Finance Team on Feb 3, 2018

This week’s real estate round up of links we love…

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Topics: Weekly Round Up

Our Loan Portfolio Is Growing With New Regions In 2018...And Why!

Posted by Bobby Montagne on Feb 1, 2018

2018 is already shaping up to be a hugely exciting year for Walnut Street Finance, not least of all because we’re expanding our portfolio into new regions! If we’ve said it once, we’ve said it a thousand times, we take our due  diligence incredibly seriously when it comes to the types of deals we’re willing to finance and projects that we’ll consider backing. We pride ourselves on knowing our markets backwards and forwards and as a result we’ve financed the majority of our deals in the same geographic areas - however in 2018 we’re spreading our wings and branching out, adding new regions to our portfolio! This means that you - our current and prospective borrowers - can now get all of the benefits of working with Walnut Street Finance outside of the Metro D.C. area. 

So, where are we headed this year, and what’s prompted the decision?

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Topics: Real Estate

4 Major Differences Between Traditional Mortgages and Private Lending

Posted by Bobby Montagne on Jan 30, 2018

Finding the right financing option when purchasing a real estate property can often come with some hurdles. While traditional mortgages and private lending are similar in essence, they have different lending rules. Most people are familiar with a traditional mortgage, which means they’re also no stranger to the stringent rules attached to it. With private lending as an effective alternative for an investment project, it’s no surprise that it’s gaining traction.

This post will help you understand the 4 big differences in traditional mortgages and private lending.

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Topics: Hard Money Lending & Processes, Fix And Flip, Real Estate Financing

Weekly Round Up: Real Estate Links We Love - Jan 27

Posted by Walnut Street Finance Team on Jan 27, 2018

Here’s your weekly dose of real estate links we love!

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Topics: Weekly Round Up

What Are The Requirements For A Construction Loan

Posted by Bobby Montagne on Jan 25, 2018

If you're looking to build or rehab real estate property and intend to refinance it to generate rental income or sell it for a profit, a construction loan might be the best option. Since most people can't afford to pay for the cost of a new commercial or residential project up front, the process of securing a construction loan typically begins with a lender: local credit unions or regional banks. Unlike a conventional loan, however, it’s more complicated to get the green light on your construction loan application because you’re essentially requesting to borrow money for a new build that doesn’t exist yet. 

This post outlines some of the requirements you need in order to qualify for a construction loan.

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Topics: Hard Money Lending & Processes, Real Estate, Construction Loans

Looking To Do A Flip? Make Sure Your Neighborhood Has These 4 Characteristics

Posted by Bobby Montagne on Jan 23, 2018

Making the decision to become a fix-and-flipper is only half the battle - in fact, it’s the easiest part of the battle. The most difficult half is deciding where you’ll focus your property search and what the specific property will be. Of course, you could just run out, find a house that needs fixing up just about anywhere, and get to work - but to ensure you get the highest return possible you’ll want to do your research into various neighborhoods and make sure of these 4 things:

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Topics: Real Estate, Home Renovation, Fix And Flip, Home Design

Weekly Round Up: Real Estate Links We Love - Jan 20

Posted by Walnut Street Finance Team on Jan 20, 2018

This week’s weekly round up of real estate links we love…

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Topics: Weekly Round Up

10 Standout Fix And Flip Trends That Will Make You Money In 2018

Posted by Bobby Montagne on Jan 18, 2018

People get into real estate investing for a variety of reasons: maybe they love hunting down the perfect property, or they get a thrill out of racing the clock on renovation projects. Perhaps redesigning interiors gets their heart pumping - but at the end of the day there’s one really big, fairly consistent reason… they’re looking to make money. After all, if you don’t turn a profit at the end of a fix and flip project it could be much more difficult to get your next one off the ground, especially if you’re just starting out. With that in mind, we’re going to take a look at 10 fix and flip trends that will make you money in 2018, and help set you on the path toward financial success.

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Topics: Real Estate, Home Renovation, Fix And Flip, Home Design

How Does A Construction Loan Work For A New Home?

Posted by Bobby Montagne on Jan 16, 2018

There are a variety of loans available for investors looking to purchase and rehabilitate properties, but the most popular among them are fix and flip loans and construction loans. However, there are definitely differences between the two - even though they may sound similar - and each are ideally suited to specific situations. In fact, one of the biggest differences is that hard money construction loans are typically issued for properties that have yet to be built, whereas fix and flip loans are issued for properties that are already in existence and need a bit of TLC.

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Topics: Real Estate, Fix And Flip, Construction Loans

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