All Forum Posts by: Ko Kashiwagi

Typically they sell their note to clear liquidity.

Curious - Are you looking for a specific niche of deals? Or cookie cutter?

Hi Jessica,

I'm working with a couple of investors with similar deals in Birmingham/Bessemer. Happy to connect and provide insights!

Hi Shayan,

It definitely doesn't hurt to get another quote from a different GC for sanity check.

DSCR loans won't work if the property is not rental condition and it won't fund any of your rehab budget. Also DSCR typically has pre payment penalty while hard money does not. It definitely makes more sense to do hard money if you want to make the most out of the deal,

Hi Hari,

Should be doable as long as it debt covers at 80% still with good credit. Happy to take a look

Both HELOC and HELOAN options should be available! Most of these program qualifies borrowers with income and very few DSCR.

Are you looking to buy in Canada? Or in the US? If it's in the US, there are foreign national programs. Each programs have different requirements so it'll be important to check.

How are you financing your deals? You can bring in more investors or use higher leverage if you are currently doing low LTV

2nd position for investment properties typically goes up to 70% CLTV. If there's good bit of equity it should be possible with income verification type loans

Line of Credits (like HELOCS) allows access to a set amount of money up to a pre-determined limit and it is revolving. The benefit is it is revolving so you can take it out and pay it back multiple times. However, these programs typically qualifies borrowers based on their income, such as tax returns.

The DSCR would be a good option considering you and your husband are entrepreneurs and the tax returns don't look good on paper. You should be able to qualify with a renter and good FICO.

I've seen both across CA. LLCs tend to be beneficial for financing options if using hard money as it can be required depending on the program.