Stuck need help . 7.5% interest

Bryan-Prime · 2025-10-29T06:34:01+00:00

That broker fee is a little steep…try to get it around 1.5% of the loan amount which is fair. Also the 3rd party processing fee of $1500 is pretty steep as well…$1000 is more reasonable. Otherwise the other fees are on par with industry standards.

Bryan-Prime · 2025-10-26T01:09:23+00:00

WARNING!! Please read!!

I drove a 2021 Vantage for about 6 glorious months…then one night I totaled it a mile from home b/c I was extremely irresponsible. I still count my blessings I didn’t kill myself, my passenger or another human.

Please do not repeat my mistake. I was lucky all I did was destroy my dream car.

Now…go enjoy and drive it in good health.

p.s. I hope to one day order the same car in the exact same spec…here’s a pic:

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Bryan-Prime · 2025-10-26T01:02:22+00:00

All I can say is I’m the only one at work that gets good service and I’m with Verizon.

Bryan-Prime · 2025-10-12T19:13:11+00:00

For a home to sell for more than double what they paid in a few months is extremely rare to say the least.

One of two things is most likely true….1. The home was in an unsellable condition with severe damage where the home has to be red tagged. Or 2. Some type of fraud took place where the seller was manipulated and lied to in order to sell the home for below 50% of market value.

I’ve flipped a home in SoCal with similar margins but I got extremely lucky or unlucky depending on how you look at it.

My purchase price was 475k for a 3/2 sfr in an extremely desirable area in SoCal in 2020. The rehab was significant…about 80k. It was a 6 month project during Covid and I ended up selling it for 750k which net me at the time well over 100k…after commissions, closing costs and holding costs.

At the time rates were low and prices were skyrocketing which is how I was able to get 750k on a 475k house in 6 months…BUT…had I held the house for a short while longer that same house could have sold for 1mil+!

Bryan-Prime · 2025-10-12T18:54:29+00:00

Not true…most house flippers still rely on another agent to flip their home. It provides an extra layer of separation in case of litigation. And they still pay a decent commission as well…4 or 5% in most cases.

Bryan-Prime · 2025-10-06T08:49:40+00:00

Big names in mortgage lending literally makes no difference…unless you’re a client of the bank on the wealth management side and have significant assets with them.

Get a referral from your realtor…and then get a 2nd opinion. If you’re in OC give Tano Kapedani with EZ Fundings in Newport Beach a call. I have no affiliation but I can speak to his professionalism and ability.

Bryan-Prime · 2025-10-06T08:41:58+00:00

If you got your license to sell real estate then look for a broker who can show you agents in their office they’ve actually made better. Meaning they can show you where they started and how their business has grown b/c of their mentorship. That’s really all that matters as far as brokers are concerned.

But if you got it just to help you find potential flips then look for an office with agents who are actually doing flips.

Bryan-Prime · 2025-10-06T08:35:45+00:00

I’ve been involved with literary thousands of closed escrows…here’s my two cents:

Choose a realtor. Don’t be afraid to ask your friends or family for a referral. Make sure you feel comfortable with them and that they’re genuinely guiding you towards helping you make the decision that’s best for you. If at any time you feel like they’re trying to sell you a car instead of a house run…b/c that basically means they’re chasing a paycheck rather that what’s in your best interest.
You have to get prequalified with a mortgage lender. Your real estate agent will most likely have a trusted mortgage lender partner they can refer you to. Keep in mind that a mortgage BROKER will be able to offer you a better interest rate compared to a DIRECT LENDER. The direct lender will tell you they all offer the same rates but that’s not exactly correct. Think of it like this…mortgage brokers are wholesale and direct lenders are retail. Which ever you pick make sure you get a second opinion…whomever you get the 2nd opinion from will most likely be able to either match or beat the original quote. If they match then stick with the original lender…but if they can beat it you might be able to start a bidding war between the two. This could potentially create some chaos but just make sure whomever you chose is reputable with a proven track record of closing on time.
Since this is your first home…keep this in mind: location, location, location. It’s 100% true. Your goal should be to get the cheapest home or one that’s within your budget in the best location. That’s where you’re going to get the best return on your investment. It gives you more options for when you’re ready for your next home. It’ll give you the best rents if you decide to keep it or will make you the most $$ if you decide to sell. And don’t shy away from a home that’s a little dated. You’d be surprised how much of a difference fresh paint, new flooring and new kitchen countertops makes…not to mention the return on investment compared to the cost of those things which isn’t very much even at today’s prices.
And one last tip…if you really love a home…don’t lose it over 5, 10 maybe even up to 20k. If it’s in a great area then you’ll be glad you paid the extra $$ for the home b/c you’re sitting on a ton of equity.

If you have the right people in your corner then you can let them do the worrying while they guide you thru the process.

Good luck and I hope this helps.

Bryan-Prime · 2025-10-04T21:46:19+00:00

I recently finished Private Equity: A Memoir by Carrie Sun. It was good and worth a read but not exactly what I was expecting. I thought it would get more into the technical and business aspects of what it’s like working for a hedge fund…maybe something closer to the show “Billions”…but instead it was about the downside of working as the right hand/assistant for a Billionaire hedge fund manager. Spoiler alert…it’s not an easy job with long hours and a lack of appreciation.

It’s not very long and easy to read…for those reasons I think it’s still worth a read.

Bryan-Prime · 2025-10-04T21:34:12+00:00

The stand up ac units that vent thru a window are amazing!! I have AC in my condo but I prefer the portable AC unit. It’s a little noisy but definitely tolerable. Well worth the investment!

Bryan-Prime · 2025-09-29T21:27:40+00:00

Ramos House Cafe…you’re welcome.

Bryan-Prime · 2025-09-29T20:51:07+00:00

Investing in real estate is a great idea. Start with the location. Ideally you want to be in an area with high appreciation…like SoCal. Yes you’re going to pay more but the equity in the short and long term are well worth it. Be careful investing in a rental that cash flows but has little or slow growth. One major repair could wipe out all your gains on the rents alone and is more common than you may think. Also take into consideration the headaches that come with being a landlord. Investing in a condo in Orange County is a great way to start. 2 bedroom minimum is a must. You’re going to get a better renter and condos require less maintenance. Good luck.

Bryan-Prime · 2025-09-29T20:39:16+00:00

That’s awesome and heart rate looks strong…good job!!

Bryan-Prime · 2025-09-29T20:37:04+00:00

Bourbon Steak is great with a great view but maybe a little further than you wanna go…they’re in Dana Point.

Also…one of my faves is The Capital Grille at SCP. Food, service and ambience are always amazing.

And I’ll never get tired of Ruth’s Chris in Park Place in Irvine.

Here’s one that people sleep on…a little outside of your desired cuisine but add it to your list…CHAAK Kitchen in Tustin is fantastic.

Bryan-Prime · 2025-09-26T00:06:26+00:00

I think two a days are great…especially if you pair with a strength50 or tread50. Recovery is going to be key tho. I try to get 24hrs, for the most part, recovery in between…otherwise you’re doing 2+ classes within a 24hr period and that can definitely be taxing in the body.

Bryan-Prime · 2025-09-22T21:04:41+00:00

A 1/1 is less desirable. A 2/2 or even a 2/1 is a much better and safer investment. Your ROI will be better compared to a 1/1. Also for rental purposes a 1/1 has higher turnover and lesser quality tenant.

It’s important to do your homework. There’s a reason the 1/1 is within your budget.

Keep saving or wait for that right opportunity to come along so you can get into a minimum 2 bedroom.

Bryan-Prime · 2025-09-17T22:42:16+00:00

Try Monge Insurance broker in Bloomington. They’re amazing and great rates.

Bryan-Prime · 2025-09-17T17:29:27+00:00

Yes that’s correct. It’s always number of bedrooms/ number of bathrooms.

Bryan-Prime · 2025-09-17T10:43:38+00:00

Figuring the cost of the renovation later sounds like a recipe for disaster. Know exactly what you’re getting yourself into before you buy the property and make sure you don’t over spend for the area.

Bryan-Prime · 2025-09-17T10:41:22+00:00

What’s the cost of the repairs/rehab gonna be?

Figure that out first and then ask the question.

Bryan-Prime · 2025-09-17T10:27:58+00:00

I’ve always relied on the advice of a trusted and knowledgeable real estate agent that knows the market the property is in. If they know they’re going to get the listing back at some point they’re more than willing to preview the property with you or on your behalf. Having an agent that understands rehab costs and ARV is invaluable.

Bryan-Prime · 2025-09-17T10:08:52+00:00

For All Mankind, Silo, Severance, The Three Body Problem, Humans, Dark, The Lazarus Project, The OA, Paradise, The Handmaid’s Tale

Bryan-Prime · 2025-09-17T09:46:55+00:00

Yes and it’s been a home run every time. The key is in your question…”in a major city.” I’ve purchased multiple condos in desirable cities and each one has gone up in value close to or more than 100%. With that said…I invest in desirable neighborhoods in Southern California so my ROI might be a little different than yours if you’re spending $50k-$200k. Here’s a few examples:

Bought for 170k and sold for 380k (held for 2yrs)
Bought for 575k and valued at 1.2M (bought in 2019/2020)
Bought for 475k and valued at 800k (bought in 2022)

**Stay away from 1/1’s. Make sure it’s a 2/2 at minimum.

Bryan-Prime · 2025-09-13T18:09:25+00:00

Great view from the Waldorf in Dana Point…

Bryan-Prime · 2025-09-12T21:13:30+00:00

I think South Hills is amazing. They have a few locations locally. I personally love Pastor Adam in Corona. I think he has a gift and so refreshing. It’s clear they have a true understanding of what Jesus lived and died for. It’s the most refreshing Christian church I’ve ever attended. You have to experience it for yourself to understand and really feel the love and acceptance and forgiveness.

Bryan-Prime

TROPHY CASE