WELCOME BACK! Hell of a transformation. We're wrapping up our rehab at 1220 S Delaware with the final walkthrough inspection between KC Property Experts and our GC, Blue Barn scheduled today to ensure all contracted work per the agreement is up to snuff. We've hired our property management team at Home Rental Services, kicking off their walkthrough and follow-on marketing of the property this week, with the intent to begin leasing as soon as 1 April. We've set up our new landlord/rental insurance policy with Ross Diversified and continue to explore (re)financing options with the latest draw to HELOCs following our last post and discussions with my mentor. Going this route will offer a ton more flexibility, and access more equity in the property. Curious why? Drop me a line. To see what our team members are all about, click their names in BLUE above to check out their biz sites. How'd we find them? Referrals. Why them over others? Due diligence and vetting.

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If you're a regular, you've noticed the newsletter's become less periodic. Moving forward, we'll shift from bi-weekly to monthly. Want more Kumu Nalu in your life? Connect with Alex on Instagram @kahalopes and LinkedIn to follow the journey and see your investment in action, BRRRRing projects out of state. HAVE YOU JOINED US YET?

Stoked you're here,

Alex

PROJECT UPDATE

PREVIOUSLY

THE SKINNY

MARKET PULSE & THE "SO WHAT?"

Could the Banking Failures Actually Mean Good News for Some Real Estate Investors Paul Moore, BiggerPockets (17 Mar) With all of these banking failures, multifamily real estate investors may find themselves with something to gain. Many distressed multifamily deals will fail in the coming year or two, providing opportunities to dive into discounted deals below appraised values from challenged operators and banks.

Fannie Mae Announces Updates to Cash-Out Refinance Eligibility Fannie Mae (1 Feb) Fannie Mae updated cash out refinance eligibility from six to twelve months. With lenders following suit, BRRRR investors financing homes at first-purchase won't be able to refi and recoup equity in properties for future projects for an additional six months. That means significantly less rinsing and repeating for those approaching REI by financing properties out of the gate.

Mortgage Demand Rises Despite Volatile Interest Rates CNBC (15 Mar) Applications rose 6.5% last week, increasing 7% over the previous week, with refi applications climbing 5% over the previous week as well. These landed 38% and 74% lower than the same week a year ago. Rate volatility has property owners are diving in when little reprieve in the dips mean significant difference in total interest obligated.

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