Are The Risks Worth The Rewards With A Bridge Loan?

Posted by Bobby Montagne on Feb 20, 2018

With any real estate transaction there can be risks and rewards, including when you work with a lender to secure the financing on your deal. With bridge loans, there can be slightly more risk involved, since the main objective is to essentially have two loans out on two properties at once. However, for developers who know their market and are confident in their development plans, the rewards can outweigh the risks and provide a means for paving a smooth path to getting their next deal lined up and ready to go.

Read More

Topics: Hard Money Lending & Processes, Real Estate, Bridge Loan

Need Help Financing Your Investment Property? Learn About Your Best Options

Posted by Bobby Montagne on Feb 15, 2018

In a perfect world, financing your investment property would be as simple as taking out your personal (or business) checkbook, writing a check, and handing it over - no heavy lifting or strings attached. Unfortunately, for most developers that isn’t usually the case - especially when they’re first getting started in the world of real estate investing and development. After all, the funds to make the purchase need to come from somewhere, and until you’ve got a few flips and sales under your belt that money simply might not be there yet. So, if you’re weighing your options about financing your investment property, let us walk you through some of the best ones. 

Read More

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

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.

Read More

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

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.

Read More

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

Should I Get A Hard Money Loan From Walnut Street Finance Or A Bank?

Posted by Bobby Montagne on Sep 21, 2017

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! 

Read More

Topics: Hard Money Lending & Processes

How Can I Get A Hard Money Loan Fast?

Posted by Bobby Montagne on Sep 5, 2017

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.” 

Read More

Topics: Hard Money Lending & Processes

3 Things To Look For In Private Money Lenders

Posted by Bobby Montagne on Aug 23, 2017

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.

Read More

Topics: Hard Money Lending & Processes

What is the best financing option for your next Fix and Flip?

Posted by Bobby Montagne on Aug 15, 2017

You’ve been watching a lot of fix and flip TV lately and you’re feeling inspired. You think you have what it takes and you’re ready to embark on your own fix and flip journey. But where do you begin?

The first step in the fix and flip journey is to find financing for the project. Luckily, there are many options available. How do you know which is the best for you? Let’s take a look…

Read More

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

4 Ways to Get a Loan From a Private Lender

Posted by Bobby Montagne on Jul 3, 2017

So, you've found a great fix and flip opportunity, but you lack the time or the pristine credit profile that an institutional lender typically requires. Next stop? A private lender that offers the speed and flexibility that will get you to the closing table before the competition.

Here are four ingredients to a solid business presentation that will help get your real estate investment funded.

Read More

Topics: Hard Money Lending & Processes

6 Apps that Will Make You a Better Real Estate Investor

Posted by Bobby Montagne on Jun 27, 2017

To succeed as a real estate investor, you need to know how to use the available tools and resources as efficiently as possible. You likely aren't going to have hours upon hours every day to sit in your office and mull over the numbers, search for hard money lending options, scout potential properties and reach out to potential buyers. Rather, you are going to be a mobile operation, spending more time at your investment properties than you will behind a desk.

From assessing your potential profit to determining if a particular hard money lending option is the right fit for your investment, these apps will make you a better real estate investor:

Read More

Topics: Hard Money Lending & Processes

Page 1 of 2