All Forum Posts by: Ko Kashiwagi

Hi Elijah,

Love to hear about other young investors in real estate. Yes, it's a tough market even though the interests are still high. Wholesalers usually bring fixer upper deals, so connecting with more agents may make more sense. If you are looking to do more properties in the next few years, setting up your own off-market leads would make sense. If not, leveraging existing real estate agents would be a great way to get more deals. Keep on making offers and they will follow through!

Hey Kendell,

Great to see another younger professional in this space. 45k is definitely a good start to start investing in rentals or BRRRRs depending on the area. It's good to be an action taker and have some sense of urgency, given most people who "want to invest" actually never even get their first property. As others have mentioned, it's also important to not rush into deals, and conduct due diligence! If you put in the input to search for properties and make offers, you will eventually secure a deal whether that's in 1 week, 1 month or 5 months.

Hi Joseph,

As others have mentioned, given the high interest rate on the HELOC, it would be a risky play to use the HELOC as a down payment as you'd need a way to pay this back. One way you could use the HELOC would be to put cosmetic rehabs on your primary, increase the value and do a cash-out refinance. This would make sense if there is room to add value.

In general, the general move here would be do go for a house-hack with a low down payment or simply save up to invest in the next property.

Hi Ian,

What would be the goal of delaying the mortgage? And what kind of mortgage would you use on the next property? If you are looking to scale your portfolio, it would make sense to use leverage and increase your return on equity. Given the property you would move out of will cash flow, doing a refinance would allow you to obtain cash in hand while generating cash on the rental.

Hi Usha,

As others have commented, a 30 year fixed financing is different than a hard money loan. There are lenders that can provide 30 year fixed loans for foreign nationals and some foreign investors. Happy to help.

Hi Enrique,

Welcome to BP! Great to see other younger professionals in the area. I highly recommend being proactive and reaching out to people on this forum. Meetups are great places to meet people too!

Hi Chad,

As other have stated, you'd probably get 75% LTV at best assuming you are walking away with cash. 6 months+ is the general stand for seasoning requirements, but some lenders can do 3 months. I'm happy to help.

Hi Jen,

Not personally in touch with boots on the ground in Dallas, but I have a few outlook on finding one. The best option would be to partner with an agent that is investor friendly, which would allow you to have a professional that can give you good insights. Alternatively, you can find boots on the ground to do property tours and photoshoots through thumbtack or task rabbit.

Hi Keith,

Each methods of deal sourcing – from door knocking, driving for dollars, direct mails, cold calling, agent sourcing, county lists, auctions to on market- deals – come with advantages/disadvantages but they all work. It's more of a matter of preference in regards to time commitment, style of communication and access to tools. Getting leads from agents require least amount of initiative and it's a good place to start. If you are looking for a more hands-on approach, it's best to source your own leads through a sales funnel or marketing campaign, coupled with consistent follow-ups system!

Hi Josue,

Both HELOCs and rental property refinance are great way to gain funding for deals. HELOCs come with the advantage of being an open-ended line of credit that can be used as a revolving line of credit. On the other hand, refinancing would provide a fixed rate mortgage that is lower in interest and has less concerns for paying back in the short term as long as the property still cash flows.