All Forum Posts by: Ko Kashiwagi

Hi David,

If you are ever physically visiting these markets, I'd highly recommend attending meetups! In terms of online networking, connecting with agents and actually making offers with them would allow you to start building connection.

Hi Brandon,

You'd need to find and build a strong relationship with a local bank to do this, which would require a lot of experience and time. They may also require you to put your investment properties as collateral. Since line of credit like this can close every 1-5 years, you would have to continuously renew this and it may not be cheaper than getting hard money. I know clients that have done these line of credits, and a lot of times they end up paying a lot in interest + more paper work.

Hi Brayden,

If you don't want to keep the property for the coming years, it may be better to do a 1031 exchange. If the property can cash flow or has potentials for appreciation, it would be a good idea to do a cash out refinance and move on to the next property. Would that property cash flow if you were to do a cash out refinance?

Hi Hunter,

Have you considered using strategies that rolls over the cash quicker like STR, flips or BRRRRs? Most investors scale by leveraging time or more active strategies.

Hi John,

How many more do you plan this year and what is your budget? For free softwares, Google spreadsheet/docs, Trello and Notion would work well. For paid softwares, it depends on the scale of your investments. Monday.com, Asana, REI/kit, Flipperforce are some examples.

Hi Nick,

The most passive approach would probably be to invest in a REIT or become a LP in a syndication. Unless I know the General Partner and have high confidence, personally it seems risky to do a invest and forget method in real estate.

Hi Josh,

Love your candidness and positivity! I'm in West Los Angeles - happy to chat if you ever visit here!

I'd also recommend local meetups. If you search up on BiggerPockets, Eventbrite and Meetup.com, you should see a couple in your area.

Hi Madison,

Congratulations on your first home! In terms of finding local lenders, it depends on what you are looking for, whether you are looking for a specific program, conventional financing or a one-stop shop. Local lenders are able to provide unique financing such as revolving credits on investment properties or under market rates on conventional financing. Brokers are more for investors that are looking to scale and obtain various kinds of financing to shop around for.

I'd highly recommend looking at the companies website and their reviews. Some companies clearly demonstrate red flags if you look on the reviews. Good luck!

Hi Nick,

Unless it's a rate/term refinance, 80% LTV is not common in refinances. For cash out refinances, 75% is the max for most lenders.

Hi Hai,

It would be a good idea to start on the rehab earlier and to also consider a way to get the tenants out earlier. It would also depend on how much the rent will increase after the lease. If rehabbing the property will significantly increase the value it would be worth escalating the rehab.