All Forum Posts by: Ko Kashiwagi

Hi Farooq,

It seems like a matter of risk tolerance. If you want to scale faster, using debt is really important. It seems like you are doing rentals, which is much safer than strategies like flips/BRRRRs - paying off your rental would lose out of a lot of equity you can tap into.

Hi Chase,

It's ultimately a matter of leverage and risk tolerance, but if you only plan on doing one project at a time for the time being, using cash is probably the safest option. Once you gain more experience and start doing multiple projects and get short on cash, that's where flippers usually start using financing.

Hi Trevor,

Reviews and testimonials are important. I would also talk to investors who have actually gone through the process with the company.

Hi Rahul,

Is your plan here to get a short-term hard money financing, then refinance out to a 30 year fixed? A lot of lenders should be able to do this, but local banks who only offer conventional financing usually cannot do this.

Hi Mark,

As others have noted, a hard/private money loan would be a much easier route for this one. Lender's would be able to give you 90% of purchase price given your FICO is good.

Hi Jordan,

What is your outlook on appreciation in the area? Paying down a mortgage quicker gives advantages if you believe the appreciation outlook is high because the debt pay down will give you more benefits when the property appreciates. Average is 3-5%.

Hi Allen,

There's many out there - property radar, propstream, batch leads, propwire, etc

Hi Jean,

What's the value of the property and the mortgage value now? You could finance a bridge loan as long as the the CLTV is not too high.

Hi Alazar,

Have you talked to the agent that sold you your first deal? Using existing relationships as leverage would be a great way to get deals. If your agent has off-market listings, perhaps they could show it to you now that you've established a relationship and have bought a deal. On market deals are tough, but there are great deals on the MLS and you also do not have to offer what is listed - if you see a property that works out with a lower offer price, you can simply put in an offer. At some point an offer will be accepted.

Off-market deals can get you great deals at discount, but it's not easy. A couple of ways to go about this is finding REO properties, foreclosures, get deals from wholesalers or build relationships with agents. You can also choose to establish your own off-market pipeline, but this will take a lot of time or money - direct mail campaigns, cold calling, driving for dollars.

Hi Michael,

Great to see you get into see as a college student! What does "make use both some money" mean? Does this mean partnering on the deal or just her lending money at points and rates? An important consideration is the max LTV she's offering, points, general rates and financing periods.