All Forum Posts by: Ko Kashiwagi

Hi Robel,

There's a lot of ways to immerse into REI - start by reaching out to people, offering value. Good luck!

Hi Nathaniel,

8% on rental 2 is steep but it doesn't seem like a terrible investment at all - what's the appreciation outlook on this one?

$400 cash flow on 140k property is not bad and the cost of reallocating capital by selling is likely not worth it unless you have a very good opportunity based on risk adjusted returns. You can sell it if you start feeling tight on finances. You can also reduce risk by actively paying down mortgage

Hi Blake,

Are these all modular houses? Typically with investment properties you can pull out up to 75% of the value with a cash out refinances, but most lenders don't touch manufactured/modular/mobile homes so you'd need to connect with the right broker to get the refinance done or a local bank that's willing to do it

Hi Andrew,

What was your FICO? Different lenders have different FICO limits

Hi Axel,

75% of initial cash purchase can be easily done with both conventional or DSCR as a delayed purchase. You'd be able to get more cash out with DSCR with lower seasoning.

Hi Wayne,

I've helped refinance a couple of deals in Nashville at 75-80% LTVs last few months. Typically they are super tight on DSCR but still work close to 1.00. I'm not sure if you mean "full BRRRR's" means to cash flow well but just to refinance at a high LTV, deals are definitely out there.

Hi Robert,

You could get a portfolio loan that allows your to balance out the higher rents with the ones with lower rents. With a cash out refi on those free and clear properties, you should be able to pull out up to 75% of the value if it debt covers

Hi Gary,

Congrats on your deal! If there's minimal comps you can ask for CMAs but honestly you won't know until you get the appraisal. It's one of those deals you may have to roll the dice. But you should be able to make a decent guesstimate with the price per square foot sold in the area

Hi John,

It sounds like you'd be able to get some cash out on the 210k value after paying off your current balance. You can keep on recycling that money and keep on scaling!

Hi Dave,

I've done HELOCs/HELOANs on investment properties for my clients but most of the programs underwrite based off of DTI calculation, so if you have 10 conventional loans you'd need to show a lot of income. Happy to take a look.