What Is The Current Mortgage Interest Rate For A Real Estate Loan?

Posted by Bobby Montagne on Aug 31, 2017

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. 

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Topics: Real Estate

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…

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

Top 5 Podcasts for Real Estate Investors

Posted by Bobby Montagne on Aug 8, 2017

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 🚗  🚌  :

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Topics: Real Estate

How to find the perfect real estate investment property?

Posted by Bobby Montagne on Jul 25, 2017

 

Buying, fixing, then selling properties is a lucrative venture, and the number of homes being flipped annually is on the rise. In fact, according to a report released by ATTOM Data Solutions, house flipping hit a 10-year high in 2016, noting that there were 193,000 flipped homes across the country. But identifying the right real estate investment requires you to find properties with features that appeal to buyers in the current market.

Here's what to look for during your search for the perfect investment property to fix and flip:

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Topics: Real Estate

Top Fix and Flip Cities in Virginia

Posted by Bobby Montagne on Jun 29, 2017

House flipping, generally defined as selling property in an arms length transaction a second time within a 12-month period, is increasing all across the country, according to Realty Trac, the information center that keeps its focus on real estate trends. During the first quarter of 2016, 6.6 percent of all sales nationally were considered flips, and the average gross profit from those flips reached a 10-year high. 

When it comes to Virginia, it seems that the state isn't just for lovers - it's a good place for flippers, too. Here are some of the cities that are most conducive to fix and flip success...

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Topics: Real Estate

What is an ALTA Statement and How Do You Read One?

Posted by Bobby Montagne on May 3, 2017

You're days away from closing your deal, and you receive an ALTA statement from the settlement company with A LOT of numbers on it. And where has the old HUD -1 form gone? Here's how to make sense of the new ALTA....

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Topics: Real Estate

When Your Home Inspection Report Has Nasty Surprises

Posted by Bobby Montagne on Apr 18, 2017

You've gotten an offer on your fix and flip, and the buyer has ordered a home inspection. What happens next? Sometimes you'll sail through an inspection and the deal will close quickly.  But what is the best course of action if an inspection report contains unexpected, expensive or (in your judgment) unnecessary items that need to be addressed before you can proceed to the closing table?

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Topics: Real Estate

Foreclosures...The Good, The Bad, and the Ugly

Posted by Bobby Montagne on Apr 6, 2017

 


Foreclosures can be a gold mine for fix and flippers looking to "buy low".  The good: often priced well below market, in desirable locations, and in desperate need of rehab, they are just what flippers are looking for.  The bad: they are not such a big secret anymore, and there is a lot of competition to get them.  The ugly:  often the properties themselves are in pretty bad shape, and many will not allow inspections so they can be risky. But there are still great deals to be had if you know where and how to look for them. Read on to find out about the different types of foreclosed properties and how to find them! 

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Topics: Real Estate, Real Estate Entrepreneurs

Fix and Flip or Buy and Hold?  That is the Question!

Posted by Bobby Montagne on Apr 4, 2017

Property flipping gets a lot of airtime these days, with lots of HGTV shows and flipping couples who have even become celebrities.  Buying and holding isn't quite as sexy, but has many benefits.  Which real estate investment strategy should you try?  Or a little bit of both? Read on for a quick list of the pros and cons of each ...  

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Topics: Real Estate, Real Estate Entrepreneurs

Is a For Sale by Owner the Right Move to Sell Your Fix and Flip?

Posted by Bobby Montagne on Mar 28, 2017

After the months of sweat equity and money poured into rehabilitating an old property, you undoubtedly want a quick financial return on your real estate investment. Now that you’ve crossed the construction and renovation finish line, you may feel a bit guarded about spending extra cash on commission fees and are considering listing the property yourself. These short-term savings can have long-term negative ramifications. Hiring a top-notch real estate agent can streamline the selling process and ensure you receive top dollar for your fix and flip by getting your property in front of the most qualified buyers - quickly and efficiently.

Here are a few pretty compelling reasons to hire a real estate professional versus going it alone when selling your property:

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Topics: Real Estate, Real Estate Entrepreneurs

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