All Forum Posts by: William Kulow
William Kulow has started 5 posts and replied 8 times.
Post: Should I invest in Washington DC or Bremerton WA?
- Investor
- Kitsap County, WA
- Posts 8
- Votes 1
John,
As an active investor in the area and fellow Sailor, I think Bremerton is always going to have strong rental potential and growth. I house hacked for my first investment there and now cash flow over $1.5k each month. Military presence in an area is a huge part of why. It also helps when you speak military/shipyard language for understanding's sake. If you would like to hear more about the area and how I got started (as an E-4 with no BAH), feel free to shoot me a message or email.
Will
Post: Non-Owner Occupied financing
- Investor
- Kitsap County, WA
- Posts 8
- Votes 1
Been looking at different options for non-owner occupied property investment during my seasoning period for my current house hack. Any tips/ideas on finding ways to subsidize non-owner occupied financing and/or the down payment that comes with it? Thank you!
Post: How do we feel about fish?
- Investor
- Kitsap County, WA
- Posts 8
- Votes 1
So I currently do not allow pets in my rental, but one of my tenants asked me about a fish and was just curious about how landlords felt about it. I feel like it can be costly on utilities but the tenants are responsible for water and electricity anyways. Other things to consider? Thank you in advance.
Post: Potential rental income
- Investor
- Kitsap County, WA
- Posts 8
- Votes 1
Quote from @Jay Hurst:
Quote from @William Kulow:
Anybody have some advice on how banks see potential rental income when determining the loan amount that an applicant can qualify for? Just want more ways to enter an expensive market. Thank you in advance!
For a conventional loan, assuming you have a primary reseidence payment of either rent/mortgage, the lender will use 75% of the apprasier opinion of the market rent to offset the payment. In other words, if the market rent is 2000 and your payment is 1600, you would only have to "carry" a 100 bucks on your debt to income ratio of new debt for the house you are buying becaasue you would credit for 75% of the 2000 which is 1500.
This is misunderstood by so many investors that think as they buy properties they cannot qualify for the next one because their debt to income ratio is too high when in reality buying cash flowing property should NOT harm your debt to income ratio in any meaningful way.
Thank you for the info!
Post: Potential rental income
- Investor
- Kitsap County, WA
- Posts 8
- Votes 1
Anybody have some advice on how banks see potential rental income when determining the loan amount that an applicant can qualify for? Just want more ways to enter an expensive market. Thank you in advance!
Post: Small multi-family market in Kitsap County area
- Investor
- Kitsap County, WA
- Posts 8
- Votes 1
I've been trying to keep track of the market on Zillow/Redfin/etc., but I get the feeling that there are better deals to be found off-market for multifamily investments. There just isn't very much in my target area on these sites, so I am calling for your help on the off-market strategies that have worked best for you. Thank you in advance!
Post: Starting out as an investor
- Investor
- Kitsap County, WA
- Posts 8
- Votes 1
Quote from @Nathan Gesner:
Welcome to the BiggerPockets forums!
Be sure to read the rules. Any signs of "deal making" in the public forums is a no-no and will get your post shut down. Even looking for partners is considered a deal.
Go to NETWORK at the top of your screen and you can search for other investors and investment groups in your area. You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area. That's the best option for meeting fellow investors, building relationships, and entering partnerships.
Thank you for the heads up, I'll be sure to check up on the rules!
Post: Starting out as an investor
- Investor
- Kitsap County, WA
- Posts 8
- Votes 1
Hello Team,
My name is Will Kulow and I am an up and coming real estate investor in the Kitsap County, WA area. I am looking to perform rehabs on distressed properties in an effort to rent them out to build equity and monthly cash flow. If anybody is interested in working together or even just throwing around some ideas, please feel free to send me a message so we can find ways to help each other become more successful. Thank you!