All Forum Posts by: Ko Kashiwagi

Hi Alex,

Ultimately, your decision to quit your job depends on your risk tolerance - for some people completely quitting and jumping all into a business may be for the better. Since you have a good amount of reserves and a working wife, you could always get a similar job back if your first deal goes South. 200k and 6 months is more than enough to try out a cosmetic BRRRR. Alternatively, you can switch jobs to one that is less demanding.

Hi Daniel,

I agree. Deals are definitely hard to find especially with the current interest rates. However, I will point out that a 7% ROI on a real estate deal is not the same as a 7% ROI on stocks. On top of the Cash on Cash return, real estate provides major benefits in 3 other areas, namely – Tax benefits, Appreciation, Leverage.

If you calculate the return on net worth, a 7% CoC deals can often turn out to be 15-20% return on net worth!

Hi Rob,

Insurance companies provide quotes of free, so it's a good idea to get multiple and compare. If you're doing a lot volume you could target smaller companies to build strong relationships.

Hi Jordan,

There are many lenders out there that can do 30 year fixed DSCR. Local banks are more tailored for conventional programs, so you may want to look into institutional companies that specializes in commercial financing.

Hi Corwyn,

Either a full-doc conventional cash out refinance or a DSCR cash out refinance would make sense here. DSCR would usually allow you to cash out refinance at 75% LTV max, but conventional will provide better terms and rates. Using the equity you build from your next property, you can keep on refinancing to roll the money to the next property.

In regards to construction financing, you would need experience in group-up construction or heavy rehabs to qualify for the best rates and terms.

Hi Sean! Local in California as well - happy to connect and assist with your first investment!

Hi Chris,

What kind of financing are you looking for - short term bridge loan or a rental loan?

Happy to discuss.

Hi Baskar,

COC seems pretty low, but it depends on how you are looking to execute this. If you can refinance out and get your initial cash investment back, it would be a good BRRRR investment.

Hi TJ,

Nice to e-meet you! What strategy of investments are you looking to employ?

Hi Michael,

What is the assumption here in terms of the purchase price and downpayment? I would calculate the cash on cash return to see how well your money is working for you. With that being said, if you have high risk tolerance and are young, this seems like a good place to start. You can always find better deal but sitting on the sideline to find the "perfect" deal on your first one is a major reason people never get started.