All Forum Posts by: Ko Kashiwagi

Hi Rob,

There are line of credits out there for investment properties, typically financed by local banks, but the rates are higher and the LTV is usually much lower. There are plenty of DSCR lenders out there that can assist you with the refinance - I'd recommend checking their reviews and going off of who you feel can best assist you.

Hi Ruby,

Many investors use their HELOC to acquire properties, so this could be a viable option. One key thing to note is your exit strategy - specifically, how do you plan on paying back the HELOC? If you are getting cash out through a flip or a BRRRR, there is a good opportunity to pay back the HELOC in a relatively shorter period of time.

Hi Dav,

Yes, there are short term financing for 5+ units, usually in 10-12% interest at the moment. Once all units are rented, you should have many options for 15 year or 30 year fixed financing.

Hi Jared,

There are DSCR program for 5-8 unit properties. Rates tend to be higher than 1-4 units or 10+ units as these units fall in a range where not many lenders can do these deals. The qualifications are similar to the 1-4 unit DSCR programs.

Happy to discuss further and answer any other questions!

Hi Brendon,

If you want to work with local companies, I suggest you simply call title companies and ask them if they can facilitate assignment of contracts. Otherwise, there are national title companies that can do this.

Hi Eric!

Congratulations on your first renal purchase! Happy to connect as a lender!

Hi Audrey,

As people have commented, you can either buy a list or create your own. I'd recommend using free trials from the softwares (Propstream, Batchleads, Property Radar, etc) and trying out the filters to see what would work best for you. For example, if you are building an ADU, you want to make sure there is enough square footage in the lot, so you can filter by x sqft and above on the software.

Hi Chris,

Why did 2 appraisals take place in the first place? Sometimes appraisals are transferrable, but if your lender can't accept it, either you have to follow the guideline or go with a different lender that can use it. It's probably a good idea for you to also look into the valuation yourself and figure out what you think it's worth. Paying 300k for a property worth 282k would not be a great idea.

Hi CJ,

Congratulations on the 2 flips you've successfully executed! Have you considered doing a BRRRR? I'd saying following your experience and scaling off of your flips would make the most sense as you can use skills/knowledge you've already cultivated. At the end of the day flips, FHA house hacks and rentals all work even in this market. BRRRRs would allow you to combine both your experience in flips and your interest in rental, and it's a great way to scale.

Hi Liad,

Like you said, there are so many types of loans and financing options. I'd recommend starting off of your strategy/property type and then going from there. For instance, if you are looking to do a do a BRRRR for a single family home, you can use a private/hard money finance for the purchase & rehab, and for the refinance you can use a conventional Fannie Mae/Freddie Mac loan or a DSCR loan.