All Forum Posts by: Ko Kashiwagi

Hi Pradeep,

By contact, do you meaning networking? I'd highly recommend local meetups and talking to real estate agents.

There are companies that offer help with the execution of rentals and BRRRRs, but this typically comes with a large chunk of upfront fees or cut in equity. Hiring one company to do the whole deal and outsourcing parts of the deal (using contractors and agents) is completely different. There's a lot of learning curve in the beginning, but it's best to take some part in the deal.

Hi Trace,

When you say priced out of the market, is this assuming a 20% down payment or a lower down payment? If it's owner occupied, you could buy at as low as 3.5-5% down, which would qualify you for a higher value home. House-hacking is one of the best ways to get into real estate, so this could be a viable options. You could also move into the Tampa property later on - although I would say this is a rare practice because people usually like to take advantage of the primary home loans if they are going to live in it (people usually live in, and then rent).

Hi Dasha,

Great to see someone so young in this space! The best thing you could do right now is to get experience, so working under a real estate agent would be a great start. There's a lot of things you can help out on without a license.

Getting started brand new is definitely not easy, but time is on your side if you stay consistent!

Hi Tyler,

If you are looking for a cash-out refinance, you would most likely be refinancing based on the ARV, not the costs. When is this project finishing?

Hi Dave,

What made the rehab budget jump from 200k to 300k? Lenders would consider modifications in loans or bridge loans, but this is a case by case scenario. If your lender wouldn't accept additional funds, you may need to look into bridge loans or selling.

Hi Klejdi,

Both states are relatively land-lord friendly and I see many investors in both markets. Even in one of those states, there are so many sub-markets, so I'd start with who you already have connections with. One thing to consider is that Texas is a non-disclosure states, so you will find more difficulties in finding comps in the area. Do you have an agent that can help you with this in Texas?

Hi Jeremy,

The viability of rent by room is market dependent, so I'd look into similar rentals in the area! If there's colleges nearby, that's also a plus.

Hi Caleb,

Have considered making an offer on the "trashy" house? You could possibly get a great deal here and kill two birds with one stone.

Hi Alan,

Was this for a refinance or a purchase? Happy to help.

Hi Tianyi,

In terms of the rehab money, you could go about this in a couple of ways - use cash, bridge loan, cash out refinance or HELOCs.

More than happy to connect and answer any questions.