All Forum Posts by: Ko Kashiwagi

I've talked to a few who have found a huge success in it. The one concern would be the class of neighborhood and financing limitations (much less options for financing)

Do you have experience with construction?

I've heard contractors/flippers say the same thing that it's not necessary. (Don't quote me), but from what I've heard it sounds like you can move on projects without it, but I do know some lenders require it for hard money loans

Hi Jeremy,

You'd need to look for a commercial multi-family loan. It would be a "DSCR" loan in the sense that it would need to debt cover, but not the same formula as the 1-4 units (rent/PITI). Rather, it would look at the true NOI vs the P&I.

Hi Benjamin,

How long has it been?

Hi Si,

Should have a few bit of options if it's just one late. If multiple, there's still option but not as favorable.

Hi Tim,

Not many can do below 100k but there's options out there. Happy to take a look!

Definitely still cash out options out there! Lenders have been more conservative than when rates were lower but worth exploring for sure. Depending on the cash flow and location, you could look into both light doc and full doc commercial financing.

Hi Piper,

Flips are much more active strategies than rentals, so it is a better strategy to stay in state unless there's a very specific reason (ex. too high price). If you have a family member in another state, this could work.

However, BRRRRs and rentals may be considered different, because where you invest when you hold onto a property is one of the biggest decision you can make.

Great idea to streamline this before actually trying to refinance. Happy to discuss