All Forum Posts by: Ko Kashiwagi

Hi GP,

Asking the age of roof, HVAC, Plumbing, Electrical and when they were updated should give you a picture of big ticket items.

Hard money typically used for regular rental purchase unless you are doing a BRRRR.

Happy to share rental calculation template. Also I've briefly used http://dealcheck.io. BiggerPockets also have a rental calculator.

Hi Isaac,

Are you moving into the house during the rehab/renovation? Some lenders will lend on it as long as you don't occupy the property at all during term of the loan

Congrats on being under contract Samuel! Typically GCs have their own template/invoice already, and if you are getting hard/private money they typically have a required template. Happy to share a few example templates

Do you have a picture of the yard you can share? Given it's a townhouse I'd probably first look at the houses next to the subject and see if there's any good inspiration

Are there comps in this area that have two houses on one lot? If so, it would be easy to value comps and appraisal should come in high. However, if you are looking to get financing for purchase or refinance, you may run into trouble if the appraiser deems this property "unique".

Hi Brandon,

If it's a rehab loan, there's plenty of options for 90% of purchase if it's a cookie cutter deal with experience.

100% you'd probably have to go local private money

Hi Cassidy,

HELOC on investment properties are rather rare but I have seen local banks typically like to stay below 70% CLTV. Might be worth a shot looking though - good luck!!

Hi Jacob,

If you have a deal that you can make more money (despite the higher cost) then it's worth it. Otherwise, you could wait on it until you find that homerun deal.

Hi Jesse,

Every investor is different but in my view only looking at deals that you can pull 100% out is difficult in this market and potential significantly delay (or even deter) from doing your first deal. I do many refinances for BRRRR investors day to day and I'd say majority of those refinances do not take out 100% of what they put in.

Good luck!!

Hi Glen,

If you have contingencies bugger in the original scope you could probably apply that. Most programs don't allow you to increase budget after the loan closed.

If you are able to covering it out of pocket is probably the best option. You could get a business credit card that won't report to your personal credit and get 0% APR for 12 months if you qualify which is one way to navigate liquidity.