All Forum Posts by: Ko Kashiwagi

Hi Peter,

The fact that DSCR covers at 1.0 with 20% down in a A class area is already a really good sign. Obviously there could be other details that can influence the outlook on the investment, but it seems like a good one to make an offer at least.

Hi David,

Most successful agents will likely tell you that you need to dedicate more time to become successful as an agent. However, I don't think there is any downsides to getting the license, and it would increase your options in terms of career paths and investment opportunities. If you are investing in the state you will be licensed in, this will be a plus.

Hi Kishore,

I'm assuming you are talking about rentals here? This would largely depend on your investment goals, risk tolerance and preferred strategy. Unless you are aiming for appreciation, it would make more sense to use some leverage through financing. You can lower your risk by putting more than, say 30%-40% rather than putting down 5-20% down.

Using new builds or turnkeys as rentals would be a good way to get started and lower the risk for cap ex, so this could make sense.

Hi Cory,

It wouldn't make sense to get a mortgage just to create some losses on paper. The cost you incur on the mortgage would be higher than the 25k tax gain. However, if you plan on using the equity through a cash out refinance to invest in something else, this is another story - you can use leverage do buy more properties and scale you portfolio.

 Hi Stewart,

What's the scenario here? I do know one that can close within 2-6 days with prelim/title commitment readily available.

Hi Jesse,

There are programs out there that allow you to cash out within 6 months. Happy to help.

Hi Jenny,

The value of solar panels is likely region dependent. Are you planning to sell your primary in the near future? If so, you'd probably get more value out of doing repairs and cosmetic rehabs over putting a solar panel. If the solar panel is financed, this could also complicate the transaction.

Hi Whitney,

The market has definitely changed and BRRRRs are more difficult to execute, but there are still many investors using the same strategy. I still hear about many activities in the St. Louis area, so I know it is possible. If you buy the right deal, BRRRR should still work, but it may be worth researching more and looking into other areas.

Hi Stewart,

Happy to take a look. Please DM me.

Hi Manan,

Yes, financing for 5+ units would be a different program. Depending on whether you use a "light-doc" program or a "full-doc" program, rates will change. Was the financing you were looking for a conventional or a DSCR? Commercial properties are calculated in a similar way as 1-4 unit DSCR financing.