All Forum Posts by: Ko Kashiwagi

Sorry to hear this... You could take them to court but it's likely not worth your time & effort. Alternatively, this can be sent to collections (creditor transferring the responsibility of collecting debt to a third-party agency). For future operations, it would be best to require regular inspections and maintenance.

What's your deductible looking like? Would be best to call your insurance agent/company for accuracy.

With the current interest rate, getting 100% of your cash out is definitely a win in my opinion. Especially for a first BRRRR too. If you are really unhappy about the cash out, you can take less cash out, but I don't think it's a big issue if you are cash flowing $100 - you essentially get a free rental when you get 100% of your cash back (with equity built in)

It's usually used for short term purposes. For wholesaling, people usually just assign it so they don't have to buy it themselves

Hi Karlo,

House hack is a great way to get started. If you want to stay relatively passive, it would be great to do another house hack. If you are willing to put time and effort, you could do more active investments like flips or BRRRRs. You could also leverage the equity you have to acquire more properties.

If you find a screaming opportunity, it may make sense to sell. Otherwise, given its location you'll probably see the price climb back to 2022 prices at some point. It takes a lot of work to find deals, underwrite, sell this one - so if it's not a much better deal, it's hard to justify it

If it's early next year, it may not look the best as it wouldn't show full year of cash flow. Alternative would be to wait a little bit, or purchase under a LLC with a DSCR financing

It's really hard to say without more info. It can be a negative factor if there's increased traffic/noise or if it blocks off a view. It can also be a positive factor - possibly an improved infrastructure as it may bring better roads, parks and retail options. It can also be a. sign of economic growth.

As long as there's no clear negative factor, it probably won't change much or could even be positive. New developments happen because there's potential in the area a lot of times.

I don't know about how assessed value is determined there, but tax assessed values are typically not accurate and are usually much lower than actual value. The best way to determine value is to take a look at the property (or get videos) and run comps online. Look at similar houses sold in the last 6 months in same area. You can also ask your agent for a CMA, if they know how to run proper comps

I don't but a good place to start would be your agent! If you don't have one, you can look for one if you click the "Agents" tab. Alternatively, looking up reviews on Google or Yelp is a start as well.

I wish BiggerPockets made a Contractor tab just like agents & lenders.