All Forum Posts by: Ko Kashiwagi

Welcome back! BP is a great platform and I've met a lot of my network here. Also highly recommend attending in-person meetups!

Is the seller going on second position? There are programs out there that will allows this. I specifically know one that goes up to 90% CLTV

Many wholesalers in face groups in FL! I've gotten in contact with many when I was looking into the market a year ago

Pressure treated wood with ground contact is seems common from what I've seen. If you can spend more, you could use composite lumber or engineered lumber which can be more resistant

Hoping BP will make a Find a GC tab just like agents/lenders! Congrats on getting the license!

Different programs will price out STR differently, so make sure to get qualified the best possible way that suits your scenario! For example, lenders will go off of AirDNA, LTR, STR comps, etc.

Hi Jamie,

How much will your primary rehab cost and what is the LTV on the triplex once you fix it up? I'm not sure how much your leverage your lender offers, but you may be able to enough cash out if you use higher leverage. Using too much leverage is a dangerous though, so definitely a good idea to consider all options.

I think building an off-market pipeline will be more important coming up than ever because of the change. If you're willing to put the time, strategies like cold call, direct mail, door knock, PPC, social media might be worthwhile.

Private financing would be the way to go but I presume it won't be easy. If it's a good deal, it might be easier to just find a partner.

Currently under contract in Tuscaloosa AL, and I know many doing it in the states you've mentioned. Honestly the easiest would be if you have a family member or a connection that can help you out in one of those spots. Otherwise, I would start off from the goal - since you're looking to BRRRR down the line, what is an area you'd like to hold the most in the long run? Then, look at price range and laws/regulations and that will boil things down a little.