Tag
washington
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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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Broker deal package: what Kallpa looks for
Kallpa needs the T-12, current rent roll, unit mix, and property photos to underwrite in one session. Send a complete package and you get a signed LOI within 24 hours. Commission is always paid in full at close.
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Cash close timeline: 30 to 60 days
A multifamily cash close in Washington takes 30 to 60 days. Title, inspections, estoppels, and lender sign-off drive the timeline. Clean title and a responsive seller can reach 30 days. Most closes land at 45 to 55 days.
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Selling a Rental After a Tenant Stops Paying Rent in Washington
When a tenant stops paying rent in Washington, you have four realistic exit paths: finish the eviction then sell, sell with the tenant still in place, offer cash-for-keys and then sell, or sell as-is to a private investor. Each has trade-offs in price, timeline, and stress.