All Forum Posts by: Dan Tsunekawa

@Anthony J Ruma welcome to the site! I actually live in Livermore part of the year. It’s a great town. Hit me up if you want to connect on Livermore things or anything else!

I’m also curious how this works with rentals. Like what is considered revenue? Is it rent? Noi? Cashflow? How does it work with expenses like leverage?

It also sounds like lots of moving parts as you scale to a number of doors.

If anyone is doing this strategy and happy with it I’d love to connect.

Hi Mike, I have a friend that has an ADU consulting company. He can probably help with some of your questions. DM me if you want his info. Best of luck.

Thank you all for the feedback. 

@Lumi Ispas Thank you i will definitely reach out to your lender to see how that works.

@Stephanie P.@Peter Halliday Is there another avenue i should be exploring for financing then besides non-recourse? ARV is about $360k

I am currently rehabbing a 3 unit property in Chicago. My partner and i are holding title in an LLC. I am looking for long term financing once the rehab is complete. I assume we will need to use some kind of non recourse financing. Are there any bank recommendations i could explore?

Slight update on Shawn Huss. Talmar is now Chemical Bank. He is awesome!

Thanks @Ali Boone and @William S.

I'll definitely give those articles a read

Hi Joe, Did you go ahead with your purchase?

I don't know anything about steel frame in particular, but from an REI standpoint you want to make sure you think about vacancies, maintenance, and capital expenditures(even for new construction). It's also important to think about location and tenant class. Hopefully your property management friend is someone you can trust to manage these things. Best of luck

Agree he rate will be higher on rental. One cool thing about moving the mortgage to the rental is that it frees up tons of equity on your primary, which you could turn around and get a Heloc on and find another investment if you choose. Obviously it also frees up a chunk from your paycheck that can be reinvested. Is $200 a month enough for capex/maintenance/vacancy reserves on your rental? I wouldn't think you'd wanna do this deal if it makes your rental negative cashflow.