Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Ko Kashiwagi

Ko Kashiwagi has started 1 posts and replied 938 times.

Post: Looking to purchase a multi-family investment

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 954
  • Votes 441

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.

Post: Hard Money Lenders

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 954
  • Votes 441

Hi Tyquan,

There are lenders out there that does not require experience!

Post: Top Markets for BRRRR 2024

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 954
  • Votes 441

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.

Post: How to refi out of a BRRRR thats Seller Finance

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 954
  • Votes 441

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.

Post: What are lenders you know of that do cash-out refinances on 100k rental properties?

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 954
  • Votes 441

Hi Jose,

100k should be doable for many lenders out there!

Post: Cash flowing with DSCR?

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 954
  • Votes 441

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).

Post: Hello from South Florida ☀️

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 954
  • Votes 441

Welcome to BiggerPockets Kari!

Post: Hard Money Lenders

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 954
  • Votes 441

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.

Post: Investing In This Market

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 954
  • Votes 441

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!

Post: Are Loan rates so bad that a first time STR buyer really should steer clear?

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 954
  • Votes 441

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.