All Forum Posts by: Ko Kashiwagi

Hi David,

What kind of terms have you seen so far? There are options out there but it definitely won't be as sweet as deals with higher loan amount that are purchases (bridge is more limiting than purchases).

Hi Shawn,

Don't quote me, but I'm pretty sure you deduct the rent (75%) you're getting from the liabilities (denominator) rather than adding to your income (nominator) IF it's an investment property. This should help your DTI a little bit.

For the purchase, you can also look into triplex and fourplexes and use those rent to help you out.

BP is a great place to network and I also find in person meetups to be great way to meet mentors!

What kind of property is it and how many units?

Hi Amanda,

Some questions I ask.

- Do they invest in that market as well?

- Do they have off-market deals in the pipeline?

- Are they working mostly with retail buyers or investors?

- Will they go out to the property, take videos and go out of their way to show you the properties?

- Who do they know? Contractors? PMs?

It's important to ask questions up front, but it also comes with the understanding that you will have to churn through people as you find more information. As you start to do deals and make offers, you will see who you like and work the most well with!

Looking into MTR in Thousand Oaks at the moment. Curious - what platform are you mainly using to rent it out?

Hi Sharad,

From the sub-to investors that I've talked to who've done many deals, I rarely see it being it enforced. However, if you have a reason to refinance (lower rate, more cash out) then it would be a much safer bet to get a DSCR loan and refinance into your LLC. Ultimately, it's up to the investor to take that risk.

Title is the one doing the title change into your LLC, but if you are doing this through a refinance, the lender/broker helps you and takes care of it

Hi Ryan,

No you would not be taxed on the refinance for a cash out refinance. I have heard things are a little different in New York so you might need to check that if you are doing it in New York. Best to talk to attorneys though because there are implications in terms of interest payments, closing costs, etc.

What's the use of the cash out proceeds? Bridge financing or DSCR should be readily available given good credit

If you are looking to resell it, likely a bridge loan would make sense. You can do a 12 month cash out bridge which will pay off your old loan and get you funds to do the rehab as long it appraises high enough