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

What Are Two Ways to Find a Reliable Lender for Your First Flip?

Posted by Bobby Montagne on Jun 22, 2017

Having a reliable lender back your real estate investments is crucial to ensure your venture is successful. But where can you find a reliable fix and flip lender? If you’re new to flipping properties or don’t know where to start looking for lenders, there are two ways to find reliable and trustworthy hard money lenders:

Read More

Topics: Hard Money Lending & Processes

5 Real Estate Investing Mistakes to Avoid

Posted by Bobby Montagne on Jun 9, 2017

Some may say HGTV has made house flipping seem glamorous.  A real estate investor identifies a distressed property, knocks down walls, picks out new appliances, granite and tile, paints the walls, plants some flowers and voila - there's a $50,000 profit to be had. However, in the real world, it doesn’t always work out that way.

Here are 5 mistakes to avoid to help ensure your house flip is a success:

Read More

Topics: Hard Money Lending & Processes

How to Get Approved for Your Fix and Flip Loan

Posted by Bobby Montagne on Apr 13, 2017

It's tempting to visualize how a remodeled condo will be furnished, or to fantasize about how to spend your share of the "flipping" profit. But without a specific action plan that includes a detailed cost estimate, a realistic schedule and the talent to make it all come together, such dreams can become exercises in futility.

The business of real estate investing is just that, a business that requires mastery of a specific set of skills. It's not rocket science, but it's not as easy as flipping burgers either. Here are some tips to assure that your dreams of fix and flip success become reality.

Read More

Topics: Hard Money Lending & Processes

The Power of Leverage in Real Estate

Posted by Bobby Montagne on Feb 16, 2017

Some may feel that the concept of “leverage” is difficult to fully grasp, but it’s an important one for borrowers to understand. Leveraged loans let you get a little more bang for your buck when it comes to real estate investing. This is especially true if you don’t have a lot of capital to work with in the first place. Before you decide whether leveraged lending is right for you, read on to learn how it works.

Read More

Topics: Hard Money Lending & Processes

Page 1 of 2