All Forum Posts by: Ko Kashiwagi

Hi Braeden,

What kind of purchase price are you looking at? I've noticed in some cities crime rates vary significantly by pockets/neighborhood, so it's best to do proper research on top of talking other people. Some cities have government websites and you can use softwares like Vestmap to check neighborhood analysis.

Hi Tyquan,

There are lenders out there that does not require experience!

Hi Ryan,

Getting 100% of the cash out of the BRRRR is pretty difficult in this market but it's still possible. Some BRRRR markets I see in those price ranges are Columbus, Birmingham, Jacksonville, Tyler, St Louis. Whether you prefer a market close to 80k or 170k sounds like a matter of a preference between cash flow and appreciation/equity.

Hi Steve,

You could put a second position loan on it - like a HELOAN but this will be based off of income/tax returns. A lot of people are similar position - if you have a reason to use the cash, it may make sense to just cash out refinance.

Hi Jose,

100k should be doable for many lenders out there!

Hi Raj,

As you mentioned, the math is very difficult to pencil out in this market. A lot of buyers are having to put more down or negotiate harder to get those deals. Another benefit of the DSCR is that it allows LLC vesting. As of now rates can actually be in the higher 7's as well depending on the deal (FICO, property type, location, loan amount).

Welcome to BiggerPockets Kari!

Hi Steven,

As you mentioned, hard money lenders have rehab draw systems so make sure to use a lender that can do these smooth and without problem! Check reviews as a caution.

Hi Sras,

If you make enough offers and analyze enough deals you will end up with a good deal. It may be more difficult to find, but it doesn't mean it's not possible!

Hi Chris,

Yes deals are a lot more difficult to pencil out due to the interest rates, and a lot of people are putting more down (30-35%) to make the numbers work. Deals are still out there for 20% down, but they're just harder to come by. Airbnb is also very region specific, so picking a place with low vacancy (high demand) is very important.