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Bobby Montagne

Bobby Montagne
Bobby Montagne is a real estate entrepreneur with three decades of experience in commercial and residential property development, finance and sales. Having successfully overseen $15 billion in career transactions, he is among an elite class of real estate innovator that has consistently delivered high quality returns to partners and investors.

Recent Posts

Real Estate Acquisition Loans: What You Need To Know

Posted by Bobby Montagne on Feb 22, 2018

A real estate acquisition loan is, conveniently enough, exactly what it sounds like it would be - a loan used to acquire property. However, there’s one pretty large caveat that goes along with real estate acquisition loans, and that is that they can only be used to acquire property. That means that if, as a developer or fix and flipper, you were hoping to take out a loan to purchase property and begin construction or renovation, this is not the loan for you - unless you’ve got other funds ready and available to get the project moving.

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Topics: Hard Money Lenders & Loans

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.

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Topics: Hard Money Lenders & Loans

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. 

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Topics: Fix And Flip Advice, Hard Money Lenders & Loans

Buying A Historic Home In North Carolina? Read This First.

Posted by Bobby Montagne on Feb 13, 2018

When purchasing a historic home in any market, it can sometimes be a bit more overwhelming and involved than purchasing a recent build. It goes without saying that historic homes have additional considerations - they may require updates to their utilities and infrastructure to make the house fully habitable, or to simply make them more comfortable to live in.  

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Topics: Fix And Flip Advice, Home Renovation & Design Tips

What Does A Construction Loan Cover?

Posted by Bobby Montagne on Feb 8, 2018

As with most things to do with real estate, there’s a variety of terms and intricacies you need to know and understand. When you’re purchasing property with a loan it can all get a bit more complicated. This is especially true when you’re entering into the investing world as a prospective fix and flipper. For many first-timers, they assume that what they’ll need for their project is a construction loan - which on the face of it makes total sense. After all, they’ll be purchasing a property and then doing construction - why wouldn’t a construction loan be the appropriate method of funding and what is its purpose if not to fund construction? 

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Topics: Fix And Flip Advice, Hard Money Lenders & Loans

Should Your Investment Portfolio Include Real Estate?

Posted by Bobby Montagne on Feb 7, 2018

I recently had the honor of joining the Forbes Real Estate Council, an invitation-only organization for executives in the real estate industry. As part of this council, I have the opportunity to utilize another avenue, CommunityVoice on Forbes.com, to share my insights.

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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: Fix And Flip Advice

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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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: Fix And Flip Advice, Hard Money Lenders & Loans

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 Lenders & 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: Fix And Flip Advice, Home Renovation & Design Tips

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: Fix And Flip Advice, Home Renovation & Design Tips

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: Fix And Flip Advice, Hard Money Lenders & Loans

Fix And Flip Loans: Your Answer To House Flipping Financing

Posted by Bobby Montagne on Jan 11, 2018

When it comes to financing options for flipping homes, a fix and flip loan is most likely going to be your best bet. There are, of course, a variety of financing options for borrowers and developers, but there are a number of reasons why fix and flip loans specifically are exactly what you’re looking for.

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Topics: Fix And Flip Advice, Home Renovation & Design Tips, Hard Money Lenders & Loans

My Podcast Interview with Joe Fairless

Posted by Bobby Montagne on Jan 9, 2018

Late last year I had the opportunity to chat with fellow real estate investor and renowned host of the world's longest running daily real estate podcast, Joe Fairless. He interviewed me for an episode of his podcast, Best Ever Show and it went live last week.

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Topics: In the News

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