All Forum Posts by: Ko Kashiwagi

Hi Adam,

Your lender should definitely know the down payment amount much prior to closing. The property may not be an issue but there lending process seems to be off.

Hi John,

What is your occupancy requirement for your current mortgage? If you have cleared it, you can move out do house hack the next one. If you are required to stay for the coming months, you'd want to confirm with the lender.

Hi Ryan,

There are investment property options for conventional, but the down payment will be higher than owner occupied. It may be a better option to find ways to house hack if you do not have enough down payment.

Hi Jerry,

SF has some of the strongest rent control laws in the country, limiting how much you can increase rent and they also have a strict guideline for eviction. I'd look into tenant laws for more specifics.

That said, there are many investors who are successfully executing deals in the Bay.

Hi Salvador,

Was this because the appraisal gave you a subject-to appraisal? Or was it an out of the blue comment? Sometimes there are cases appraisers will report fixtures that need to be taken place.

Hi Anthony,

Usually the whole point of owner financing is that you don't need to go through this credit bureau system, so it may not be recorded. Is there a reason you want this to be reported? As long as you have a good credit score, you may not need to go through all of this.

Hi Rob,

If you believe the HELOC will be sufficient for the purchase & rehab, it could make sense to use the HELOC given the interest rate is lower than a hard money. A hard/private money will allow you to fund both the purchase and the rehab, so if the HELOC is not sufficient it would make sense to use this. And yes, you should be able to use the HELOC for the renovation.

Hi Jake,

When is the note balloting? Happy to take a look.

Hi Kasey,

If you plan to scale a portfolio, over the long run it would make sense to put them under the LLC. That said, you can change it later on so you could keep in your personal name if you are okay with the possibility of having to change it later on.

Hi Jose,

Have you looked into non-QM programs or commercial loans like DSCR financing? Typically investors use alternative financing to get around thee DTI requirements.