All Forum Posts by: Ko Kashiwagi

Hi Michael Nelson,

Some hard money lenders would consider LTV and STR as part of "experience". It seems like you're in great position to do a BRRRR! Happy to connect.

Hi Divya,

I have seen many investors buying Columbus out of state as a lender. It seems like a hot market with high appreciation prospective with cash flow. Happy to connect people.

Hi Elijah,

Local banks and credit unions may be more suitable for investment properties for values less than 50-75k. Also, what does "After Renos" mean here? Do you mean the all in cost or the ARV?

Hi Jeffrey,

What's the goal here and would you rather own a different type of real estate? If the property fits within your strategy and you have equity, it would be a good idea to cash out refinance. If you want to invest in a different area/property type/class, 1031 exchange may be a good idea.

Hi Alex,

It's more difficult for sure, but it's doable if you either search enough or make it doable. You could add ADUs, do MTR, find a good deal, rent by rooms, use leverage, etc.

Hi Lou,

Different lenders have different rates for many reasons. Even for just one type of loan, each lender has can have their own index and spread. A broker will also shop different lenders for you, and different brokers have varying access/relationship with their partnering lenders. If you want to compare rates a specific property, it's best to compare quotes side by side.

Hi Karter,

Experience definitely helps and is sometimes necessarily for heavy rehab projects, but there are still options for you as long as you have enough reserves and credit qualifies. What kind of projects are you looking at?

Hi Darrell,

It's best to start the eviction process as soon as possible in these scenarios. In Michigan, you would need to serve a Demand for Possession to the tenant. If the tenant does not comply, you can file an eviction case and the court will typically schedule a hearing within few weeks of filing. In general, the whole process to repossess the property can take few weeks to few months. Alternatively, you could try cash for keys.

Hi Lucy,

Costs can vary a lot depending on the property and the contractor you are working with. In LA, a rough estimate for a new construction ADU is $300/sqft and $100,000 for converting 2 car garage into an ADU. It's best to get actual bids from multiple contractors.

Hi Johnna,

In person meetups are great ways to build trust and rapport! Events can be found on BiggerPockets, meetup.com, eventbrite and Facebook.