All Forum Posts by: Ko Kashiwagi

Hi Ashley,

Likely the biggest bottleneck would be the rehab - making sure you have a good contractor that can perform affordably on time with quality. Good luck!

Hi Travis,

You can still finance it as a bridge in the form of delayed financing. It would be the same as if you had bought the property with a hard money financing.

Hi Timothy

Given you have 2 years of job/income history, house hacking would be a great way to get started. Conventional or FHA financing is a good way to get into house hacking. You could also use hard money or rental financing, but you'd need to make sure it will allow beginner investors.

Yes, given you qualify, you can use a conventional or a DSCR loan to lower your rate

Hi Beth,

Are you saying you will rent out this home to one of your business, rather than a normal tenant?

Hi Matt,

Are you saying your W2 income won't qualify because of your DTI? Did you put in the rent you'll collect into this calculation? You could put a higher % down, to lower debt. Or you could use non-QM loans.

Hi John,

As you mentioned, refinancing to acquire more properties is a great way to increase your return on equity. Assuming the property debt covers, you can do a cash out refinance on either or both to get cash out and then use it to purchase your next property cash or with DSCR. You'd need to evaluate risk as over leveraging can lead to disaster if your tenants stop paying. Hence, it would be good to calculate your cash flow after the cash out refinance to make sure you'd be in the positive after the refinance and that you are comfortable with the decreased cash flow.

What kind of deals are you looking at?

How's the STR market in the area? It's crucial to check at actual listings to see if they are getting filled or they sit vacant.

Hi Bryan,

It's very rare that you would be able to put down 0% on these deals as lenders like to see that you have some skin in the game (worth giving a try though). I do know of 0% down programs but only limited to 1-4 units. There's programs that allow seller carry backs (for example up to 90% CLTV).