All Forum Posts by: Masa Moromisato

@James Wise

Hi James, 

any other areas you could suggest besides Euclid? I'm looking for SFH in B to C+ class areas with hospitals and Tech/IT companies presence nearby.

The realtor I was talking stopped responding out of nowhere haha. So I'm for shopping again

aloha

@Michael Ohara, @Matthew Shedd, @Tom Ott, @Ali Boone

Mike, Matthew, Tom and Ali thank you all of you for responding to my discussion!! Every piece of advice and your personal experiences shared are so appreciated.

I'll DM some of you for some more questions since I recognize some of you live in cities I am interested in to invest.

Stay safe

Masa

Aloha

Hi @Ali Boone

Thank you for your response.

My reason of looking into turnkey services was to lift some burdens of off my shoulder since I am a first timer investor from the middle of the Pacific. I know that services on turnkey providers widely varies by companies. By reading some books on turnkey providers, concerns will be the cost, and of course it is understandable because it is business so they need to make profit. However, my main concern is not getting the benefit of force appreciation on the property (because rehabs are done) if BRRRR is the strategy, and going all cash in. I am guessing buying turnkey properties doesn't give you that leveraging benefit when refinancing? I think that is the biggest knot i have to loosen because I am using private money for my first few investments, hopefully just the first one so I can enjoy the taste of tax benefits.

Let me know what you think.

I'm looking forward hearing from you Ali

By the way, how is your Spanish going? I saw that you've been "trying" to learn it since 10 haha. I love the name of your investment firm Hipster

Masa

Aloha

@James Wise

Hey James!! Thank you for that Cleveland guide map. I found it highly helpful.

I've been talking to a realtor in Cleveland and trying to narrow down an area to invest. Euclid was one of them

Aloha

@Whitney Hutten 

Thank you for your tips!!

Hi Rockstars!!

I have seen those so called all-in-one investment companies who help you from finding a deal, closing,  managing rehabs, putting tenants to PM. For first time out-of-state investor like me who lives in the middle of the pacific ocean, this couldn't sound more enticing than anything. Or is it too good to be true? I have been talking to some realtors in a handful different states/cities to learn the area right now so that I can narrow down what city to invest in. Then I started running into those all-in-one investment companies. 

Have anyone had experiences working with those kind of firms?

Pros/Cons?

Thank you so much in advance!!

Masa

Aloha

@Lane Kawaoka

Yes, I’ll be buying for cash flow but my concerns were during market downtturn because with much lower appraisal value to refi to move on to the next deal

Aloha

@Chris Levarek

I’ll be looking into multi-units as well so thank you for the tips!!

Aloha

@Ryan Evans

Thank you for your response!!

I think my concern on the market dip, to be more precise, is during refinance. What strategies did you take with private money in terms of refi, seasoning period, pay back methods to the lender?

Both of us having the similar issues with unstable work history and moving, my plan is to use cash as leverage to purchase the first property to get momentum, season it so I can refinance and continue.

Aloha

HI ROCKSTARS!!! 

 I am a newbie investor making a move on my first investment adventure. Long story short, I live in Hawaii right now and looking into acquiring rental properties in mainland where SFHs under 100k are widely available. I've been talking to some realtors and property managers in Memphis, Cleveland and Oklahoma areas. 

My obstacles are getting mortgages because I moved overseas for a year for business start up, came back and had a part-time job for a few months, then got my real estate license at the end of last year.  I am so fortunate that I have families and friends who trust me enough with their own precious money that I have private money to invest. 

I had to skip many steps in between from my new business being blocked by monopoly market, to moving across the ocean 2 more times (Okinawa-Montana-back to Hawaii), getting divorced and savings going from 6 figures to almost none. I spoke too much haha. 

Anyways

Here are my questions and concerns:

Q. How would you minimize the risk of all in cash investment in time like this? Because my concern on this is losing equity if housing market tanks.

Q. Any other funding methods you could think of if you don't have almost 2 years of steady income history in US?

Much appreciation for reading my post and sharing your bright ideas

Masa

Aloha