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All Forum Posts by: Ko Kashiwagi

Ko Kashiwagi has started 1 posts and replied 941 times.

Post: Financing question for construction

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 957
  • Votes 441

Hi Alex,

It could depend on your experience - if you have a lot of experience in heavy rehab/construction you will (1) be qualified for the loan as construction loans require substantial experience and (2) feel more comfortable taking on the loan. Given you rental properties cash flows positive after the cash our refinance, this sound like a more safer route.

Post: Recommendations on setting up a JV arrangement

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 957
  • Votes 441

Hi Derek,

As you mentioned, it wouldn't make much sense for your to be the guarantor if you are not getting any rewards (unless it's for a favor). There are some lenders that can allow these hard money without experience or without having you as the guarantor (but requires you to be in the deal).

Post: Loan options for a 5 unit house.

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 957
  • Votes 441

Hi Mark,

Sounds about right for a 5 unit. How much down payment is that for? There are 30 year fixed programs out there as well as DSCR based options. Happy to take a look

Post: Looking to purchase a multi-family investment

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 957
  • 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 957
  • 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 957
  • 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 957
  • 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 957
  • 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 957
  • 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 957
  • Votes 441

Welcome to BiggerPockets Kari!