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All Forum Posts by: Ko Kashiwagi

Ko Kashiwagi has started 1 posts and replied 942 times.

Post: I need liquid for a down payment how to get it

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 958
  • Votes 443

Hi Tom,

Have you considered doing a purchase & rehab loan on the rehab property? You can leverage most of the purchase and rehab, which would allow you to still purchase both deals. This would essentially be a private/hard money which is often as strong as a cash offer.

Post: Looking for local wholesalers

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 958
  • Votes 443

Hi Nathaniel,

Facebook groups are great ways to connect with wholesalers. I'd search something along the lines of "[city] cash buyers", "[city] wholesale real estate", "[city] real estate investment", etc.

Investor friendly agents are also great ways to source deals.

Post: Financing Options for BRRRR Method?

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 958
  • Votes 443

Hi Kyle,

A lot of people use financing for BRRRR purchases interchangeably as "cash". Technically, financing used for BRRRR — such as hard money and private money — is not cash because it still uses financing. But when making an offer, people still say their offer is "cash" because it makes the offer stronger.

So in summary, you can use cash or financing to purchase BRRRR deals. It's a matter of risk tolerance and leverage.

Post: hard money lenders wanted

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 958
  • Votes 443

Hi Michael Nelson,

Some hard money lenders would consider LTV and STR as part of "experience". It seems like you're in great position to do a BRRRR! Happy to connect.

Post: Seeking Insights on Cash Flow-Oriented Real Estate Investments in Columbus, OH

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 958
  • Votes 443

Hi Divya,

I have seen many investors buying Columbus out of state as a lender. It seems like a hot market with high appreciation prospective with cash flow. Happy to connect people.

Post: Looking for Lender for 5x properties (60-75K ARV)

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 958
  • Votes 443

Hi Elijah,

Local banks and credit unions may be more suitable for investment properties for values less than 50-75k. Also, what does "After Renos" mean here? Do you mean the all in cost or the ARV?

Post: Getting 2 paid off cash flowing properties- what next?

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 958
  • Votes 443

Hi Jeffrey,

What's the goal here and would you rather own a different type of real estate? If the property fits within your strategy and you have equity, it would be a good idea to cash out refinance. If you want to invest in a different area/property type/class, 1031 exchange may be a good idea.

Post: I have 100k ready to invest in my first househack, is it doable in fresno/clovis Cali

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 958
  • Votes 443

Hi Alex,

It's more difficult for sure, but it's doable if you either search enough or make it doable. You could add ADUs, do MTR, find a good deal, rent by rooms, use leverage, etc.

Post: Do different agency lenders have different pricing?

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 958
  • Votes 443

Hi Lou,

Different lenders have different rates for many reasons. Even for just one type of loan, each lender has can have their own index and spread. A broker will also shop different lenders for you, and different brokers have varying access/relationship with their partnering lenders. If you want to compare rates a specific property, it's best to compare quotes side by side.

Post: Seeking knowledge for fix and flip

Ko Kashiwagi
Posted
  • Lender
  • Los Angeles, CA
  • Posts 958
  • Votes 443

Hi Karter,

Experience definitely helps and is sometimes necessarily for heavy rehab projects, but there are still options for you as long as you have enough reserves and credit qualifies. What kind of projects are you looking at?