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

- 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

- 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

- 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

- 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

- 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

- 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

- Lender
- Los Angeles, CA
- Posts 967
- Votes 444
Hi Mary,
Is this a residential or a commercial property?
Post: BRRRR - Refinance Prior to Renting?

- 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

- 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

- 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.