All Forum Posts by: Ko Kashiwagi

Hi Walter,

Congratulations on your first house hack! What kind of investment (BRRRR, flips, etc) are you looking to do? Happy to connect!

Hi Nathan,

Is this property owner occupied or rented out? HELOCs are generally for owner occupied properties. As @River Sava outlined, there are pros and cons to HELOCS. If you have a proper exist strategy to pay off the HELOC, the HELOC is a great way to tap into the equity for a relatively short period of time. If you also presume the interest rate will come down the next year, perhaps delaying cash our refinance is not a bad option.

Hi Ryan,

Is this a flip or a BRRRR? Delayed financing is a common strategy for people who buy cash and later gets it financed. You can do this with both a short-term or a long-term financing.

Hi Patrick,

Typically less rehab there is, the less upside there is on the BRRRR, so you might leave some equity in the deal if you don't have much repairs to do. Also, because there is a seasoning requirement for refinances, you'd generally have to wait 3 months before you can refinance. Personally, if you have to wait 3 months anyways, it seems like a good idea to take on a project that takes 3 months to maximize returns. Finding undervalued properties is a great way to instantly build equity, but this takes a lot of work as well.

Hi Tahsin,

Is your delinquent payment recorded under the Verification of Mortgages? There are lenders out there that can do lower loan amounts the 75k, but the delinquent payment may be more of an issue.

Happy to take a look.

Hi Shannon,

Which FB groups have you joined? Typically wholesalers and investors can be found on cash buyers group, or wholesale groups as wholesalers post listings there and investors reply on comments for the deals. You can also leverage existing relationships - perhaps your agent/contractors can connect you with people you are looking for.

Hi Cameron,

Wholesalers are often posting on Facebook groups and you can also find them on meetups. Investorlift is another platform that has listings from wholesalers. The truth is a lot of deals sent to you may not fit in your buy box, but as you look through them you can start to filter which wholesalers are legit and priced reasonably.

Hi Anietra,

It would depend on what you are looking for. If you are looking for a generic 80-90% of purchase to fund with a good FICO score for a normal 1-4 unit, you don't need to spend too much time on finding lenders as you have plenty of options. However, say if your credit is really low or you are looking for a way to fund 100% of your project, it would be best to look for funding first.

Hi Gus,

Are you working with an agent to source deals? Leveraging existing relationship is a great way to expand your network. Checking reviews is also crucial. Some contractors are also willing to give you contact information of their clients so you can talk to them and gain insights.

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.