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All Forum Posts by: Ko Kashiwagi

Ko Kashiwagi has started 1 posts and replied 950 times.

Post: Looking for rental-cash-flow oriented lender for primary purchase

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 967
  • Votes 444

Did the Cap-Ex on the triplex affect your taxable income? Usually you'd b able to just qualify based off of the W-2 income.

Post: private lending - financing for my BRRR method

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 967
  • Votes 444

Hi Yesenia,

You could likely get a DSCR refinance loan, likely at a reduced leverage. Depending on whether you have US FICO, US bank, Visa, etc, the programs you can qualify will change.

Post: Investing out of State

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 967
  • Votes 444

Hi Jewell,

How long ago did you buy your first rental and what's the condition? Instead of buying a new one to BRRRR, you could potentially renovate your current rental, refinance, and then start using the 100k to scale.

Post: Tap in on a rental for its equity as down payment along with DSCR Loan

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 967
  • Votes 444

Hi Jennifer,

You can get a DSCR financing to do a cash out refinance or a 2nd position mortgage like a HELOAN.

Post: Not finding the rates being discussed on podcasts

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 967
  • Votes 444

Hi Horace,

You could get below the 7's on a 10+ Commercial multi-family, and these programs typically have minimum loan amounts of 750k-1M. For 5-9 units, you could get to the low 7's assuming the DSCR is excellent.

Post: Looking for my first property

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 967
  • Votes 444

Hi Vincent,

There are lenders out there that can do DSCR financing without primary residence owned. There are also self-employed bank statement financing that uses 12-24 months of bank statement to qualify you for conventional financing starting at 5% down.

Post: Second lien to borrow gap on an assumable loan

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 967
  • Votes 444

Hi Mary,

Is this a residential or a commercial property?

Post: BRRRR - Refinance Prior to Renting?

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 967
  • Votes 444

Hi Collin,

You can refinance it without renting it out if you use a conventional loan refinance. This would require you to satisfy the 12 months seasoning period. 

Post: Investing property with Hard money lender

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 967
  • Votes 444

Hi Lucy,

Most HML don't have Prepayment penalty so you can choose to sell or refinance before 6 months. It's definitely recommended to get permits if you have not.

Post: How fast and how can I scale with BRRRR

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 967
  • Votes 444

Hi Jonathan,

If the ARV is 200k and you do a cash out refinance at 75% LTV, you'd leave 50k in equity and take out 150k minus closing cost that you can use on your next project. So technically the 50k is a profit but it would be left as equity as lenders won't refinance out 100% of the equity.