Flipping houses can be a great way to make some extra cash, especially if you’re handy and can do a majority of the work yourself. You might think you need a substantial amount of money in the bank in order to purchase houses to flip, but that’s not always the case. So, what do you do if you don’t have extra capital sitting around, but want to get into the fix and flip game?
Very few people have the cash on hand that is required to fund the construction of a new home. This is why builders, buyers and investors turn to construction loans to finance new builds they couldn’t otherwise afford. But what exactly is a construction loan?
So you’ve found the ideal property, and you’re ready to get moving on construction. But there’s the issue of financing. Unless you’re sitting on a sizable chunk of investment capital, you’re going to need some help. But here’s the challenge: there are a lot of different construction loan options, and deciding which is right for you isn’t as simple as it should be. Where do you even begin?
Creating a diversified stock portfolio will produce higher returns, because holding similar stocks tends to lead to similar returns for better or worse; whereas coupling alternative investments on top of your stock holdings can theoretically lower your portfolio’s risk, and even lead to better returns over time.
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.
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.
Picking a private money lender (also called a hard money lender) can be overwhelming, especially as the industry grows and the options start to blur together. Whether you're just starting out in real estate investing or have a whole portfolio behind you, your financing partner makes a big difference in your overall success. Watch our video below and find out 4 important tips for picking a private money lender.
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.
Richmond, Virginia is one of the hottest real estate markets in the country right now, and there’s no shortage of reasons why: strong economy, rich history & culture, and picturesque location, to name a few.