All Forum Posts by: Ko Kashiwagi

 Hi Scott, if you're buying down at higher PPP you can hit that low 6's range. Feel free to DM me.

Hi Matt,

Is this your first ground up or have you done any rehabs? You can do refinance with construction financing but most of the programs require some kind of experience as well as GC with liability coverage

Hi Alex,

Doing cash out refinances to fund the next deal is a powerful way to scale, but it's important you can weather the extra risks. If you are one rental away from your investment goal, it may not make sense, but if you want to scale quicker then it could make sense provided the next deal will yield you the returns.

What kind of deals are you getting into next if you decide to use the equity?

Hi Scott,

Every lender/program is a little bit different but I do a lot of DSCR loans under personal names and often times rates won't change whether it's personal or LLC. Some programs do have lender adjustments on LLC vs individual but it's just a matter of which program has the best rates for your specific scenario at that specific point in time of market.

I'm not sure what kind FICO score, buy down/points or prepay you're working with but high 6's for a 55% LTV sounds like it's on a little higher end if you have good FICO/Credit.

Hi Ricardo,

House hacking is probably the lowest risk and least barrier to entry. Especially if you can lower your out of pocket expense by house hacking it because both a personal saving and investment. However, it's not really scalable as you would be doing 1 a year max. If that reaches your goal then it makes sense to just stick to it.

BRRRR has the most upside in the shortest period of time and if possible it's easier to do in-state. I personally do out of state because I can't cash flow in Los Angeles, but I know Miami is still not out of touch for making BRRRRs make more sense without adding ADUs.

Hi Michelle,

I've helped a couple of clients do 80% Cash out refinance on our program but most investors steer away from it just because the rates jump up usually over 1% compared to 75%. Happy to chat

Hi Kim,

Are you able to get inside access? If so funding it shouldn't be too hard

Hi Neha,

Looks like you're ready to hunt for deals with your LLC set up!

Good luck!

Hi Trevor,

What's the use of the unit? an office? There are light docs commercial options out there, typically up to 70% LTV. Rates are definitely higher than prime commercial real estate loans though.

Hi Robin,

It sounds like you'd be a fit for mid-construction refinance/bridge loans. Most lenders touch this but there are options. Typically I've financed these when there's enough equity on the as-is value and the ARV. Because of the limited options and less appetite for these kinds of deals, rates and leverage will be slightly less favorable but it can be done for sure if the numbers are there.