All Forum Posts by: Ko Kashiwagi

Hi Aaron,

As Nicholas mentioned, there are precautions to be aware of when using high leverage. 10.25% and 9.87% is in range from what I see as HELOCs are ranging in 9's to 10's on average. An alternative would be a hard money financing. If you have the cash to invest, it's probably the safest to do cash or put some cash in so you have cushion,

Plenty of DSCR lenders that would be able to help you! Currently purchase a section 8 with DSCR in AL. Make sure to check their reviews!

That's really unfortunate but it does happen buyers fall out... Were you getting others offers when it was market, and how long has It been on market? If it hasn't been too long maybe it's worth try selling again.

In terms of cash out refinance, most investors would do a 70-75% cash out refinance given it debt covers.

Hi Brandon,

It's likely more effective to look for private lenders at those ranges as most investors buy cash or use private money at those ranges. Most HML lenders cap at 75k-100k minimum (with some going as low as 50k but I personally don't know one that can do 30k). There's likely options out there for your refinance when you rehab it (minimum around 50-75k loan amounts).

You can find private lenders online or you could possibly meet one at a meetup.

Hi Danny,

Fellow Bruin here. Yes, it is possible and I work with many people doing out of state in OH. I know a few people doing deals whilst in college too. Are you looking to put someone else (partner/family) as co-signer on the financing side? If not, you'd want to make sure it's a beginner friendly program. You'd also want to have an investor-friendly agent/PM/boots on the ground as a lot of things can go wrong on the rehab especially if you are not visiting the site.

If you attend meetups in LA (check meetup.com), you'll definitely meet out of state investors,

It depends on what ind of rehabs you're looking at. A lot of investors just gets their contractors in there and get itemized bids especially if the contractor has good eyes. If you have specific concerns, for example foundations concerns, you can get specialized foundation inspector. Some people get full appraisals for sanity check. Ultimately it's a matter of preference and deal dependent, and inspections are not necessary if you're confident in the price you are getting

Hi Marc,

It sounds like you are in the military? A house-hack would be the lowest barrier to entry if you can find a good deal. You could put in very minimal cash and spend your capital on repairs to do a house hack flip. This will get you experience in remodels and much lower down side than a normal flip because you are literally living in the house (so you know exactly what is going on and 0 travel time) and you are utilizing a low down payment, low rate program like a VA loan.

Are there PMs managing MTR specifically in that area? I like to compare 3 things when I do these types of research:

1. Software - plug it into AirDNA and FF

2. Comps - looks at LISTED rentals in that area for sanity check as softwares can be off

3. Talk to investors & PMs in that area

Are you planning to do rentals or flips?

Not aware of how construction cost are looking in Milwaukee, but I'd talk to a couple of contractors/developers in the area. In LA, it can range from 90k-180k depending on who you ask for a ground up ADU. So I have the impression it can really change depending on who you ask.