All Forum Posts by: Ko Kashiwagi

What happened to the forecast tool? That was great.

Hi Yael,

Yes, there are DSCR programs that will allow vacant and also programs that have no or low seasoning requirements. Rates may be slightly higher than programs that require leases but it all depends on timing and the deal itself.

If the value is high enough, you could do a cash out based on the newly appraised value. If it's not much different, you'd probably be looking at a rate & term refinance ("delayed financing") based on the purchase price to get a better rate

Are you able to get into the Option 2 duplex as a primary and rent out the other unit? Personally house hack in a multi-family is a perfect mix of safe investment and a way to get another primary!

Looks great - congrats!!

Hi GP,

Asking the age of roof, HVAC, Plumbing, Electrical and when they were updated should give you a picture of big ticket items.

Hard money typically used for regular rental purchase unless you are doing a BRRRR.

Happy to share rental calculation template. Also I've briefly used http://dealcheck.io. BiggerPockets also have a rental calculator.

Hi Isaac,

Are you moving into the house during the rehab/renovation? Some lenders will lend on it as long as you don't occupy the property at all during term of the loan

Congrats on being under contract Samuel! Typically GCs have their own template/invoice already, and if you are getting hard/private money they typically have a required template. Happy to share a few example templates

Do you have a picture of the yard you can share? Given it's a townhouse I'd probably first look at the houses next to the subject and see if there's any good inspiration

Are there comps in this area that have two houses on one lot? If so, it would be easy to value comps and appraisal should come in high. However, if you are looking to get financing for purchase or refinance, you may run into trouble if the appraiser deems this property "unique".

Hi Brandon,

If it's a rehab loan, there's plenty of options for 90% of purchase if it's a cookie cutter deal with experience.

100% you'd probably have to go local private money