Tag
multifamily-investing
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Cash-on-cash vs cap rate for multifamily investors
Cap rate measures a property's income relative to its price, ignoring financing. Cash-on-cash return measures what your dollars earn after debt service. Use cap rate to compare deals; use cash-on-cash to confirm your financing works.
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Kansas vs Washington: multifamily investing compared
Kansas B/C multifamily runs at 7.5-8.5% cap rates with no rent control. Washington offers more appreciation but carries just-cause eviction rules and higher entry costs. Kallpa operates in both.
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DSCR loans for buy-and-hold rental property
A DSCR loan qualifies borrowers on the property's rent-to-payment ratio, not personal income. Target 1.20 or higher for safety. Rates run 50-100 basis points above conventional, but the flexibility is worth it for portfolio builders.
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How to analyze a multifamily deal in Kansas
Analyzing a Kansas multifamily deal starts with recasting the T-12 to market expenses, not the seller's actuals. We target 7.5-8.5% cap in Wichita B/C class and walk when the gap exceeds 15%.
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Washington state foreclosure auctions: a buyer's guide
Washington trustee sales are fast and unforgiving: fund within 24 hours, no inspection, no title warranty. We underwrite the lien stack before showing up. Most times we walk. Here is why, and when we bid.
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BRRRR investing partner in Washington state
A Washington state BRRRR equity partnership pairs an active operator with a capital partner. Kallpa sources and runs the deal; the partner contributes capital and earns a preferred return plus a profit split at refinance.