Figuring out how much to spend on your renovation is no minor detail. In fact, your renovation budget can make or break your real estate investment and be the difference between seeing a profit or experiencing a loss.
People often associate depreciation with the inevitable wear and tear of a rental property; however, this theory could not be further from the truth. Depreciation is the allocation of property costs – and isn’t necessarily assessing the actual value. Landlords and entrepreneurs will depreciate rental property, even if the house or building is in perfect shape.
Your credit score is a factor in our loan process, but how important is it? This is one of the top questions we receive from real estate investors looking for a hard money loan. In the video below I help explain how we look at approving a loan and how your credit score is factored into the overall loan approval decision.
Hi there! I'm Melissa Lynch, Portfolio Manager here at Walnut Street Finance. As you may know, we're answering commonly asked questions on our blog. Chip Sher has weighed in on a few already, and today, I'm going to share a few tips with you about where to start when renovating a fix and flip.
Understanding what LTV, or loan-to-value, means and why it's important is key to ensuring that your next real estate investment project is a successful one. Watch the clip below for my take on LTV and what you need to know.
We're starting a new feature on our blog this week, where members of the Walnut Street Finance team answer common questions we are often asked. I'm Chip Sher, Development Officer, answering one of the most common questions we get: why choose Walnut Street Finance for my next loan? What makes us different in the private lending and real estate business? Watch below to find out.