All Forum Posts by: Ko Kashiwagi

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.

Hi Inga,

As other have mentioned, most lenders require 6 months but there are ones out there that can do 3 months. I don't think you need to necessarily go private money here. If you are looking for a 30 year fixed, it's likely best to go for a DSCR lender that can do 3 months seasoning.

Happy to help.

Hi Wil,

Many people get a LLC in the property they are buying under the holding company. You could still buy the property with your WY Holding LLC, but you may need to file a registration with the Secretary of the State of the state your are investing in to obtain financing.

Hi Chad,

Did you request to see the quote at that specific rate of 7.625%? And was this for a conventional financing? Typically, a lender would present the option with no points unless the borrower asked to pay down the rate. Otherwise, it's because the lender is quoting a conventional program and the highest rate your lender was able to quote was 7.625% with points. And yes if you are able to secure the same rates with less or no points, that is obviously a better deal.

Hi Deepak,

Most lenders will not do a line of credit on investment properties. It's probably best to go to local Credit Unions and small banks for those than large institutions at the moment. However, many line of credits require initial draw so you may have to make payments on it.

Hi Ryan,

It seems like a matter of risk tolerance. Fundamentally, the first deal you do is the riskiest. As you gain experience risk goes down. Are you planning to visit the sight often? Given you can oversee some parts of the project, with enough research it sounds like a good plan to get started with a BRRRR/Flip. Another way to reduce risk is to use leverage. For instance if you can fund with more cash and less from the HELOC, this will also reduce the risk even in the case you mess up a little bit.

Best of luck!

Hi Daniel,

Investing in the Bay is a great play if you are looking for long term strategies. Out out state is great for cash flow, so it's a matter of what you are looking for. House-hack would be a great way to slowly scale - is this a strategy you were thinking of?