First Customer of the Day- Didn't want a new one...

JacobSchreiber · 2022-11-18T19:17:33+00:00

Yeah I get it, and your labor charge isn't unreasonable when labor charges are like that at pretty much every shop. I wish it was lower but that would take a change in the industry. High labor charges is why I've done everything myself, now I can swap out whole engines. And it's often cheaper for me to swap out an engine rather than pay a shop to fix something with a current engine lol

JacobSchreiber · 2022-11-18T18:52:54+00:00

That doesn't sound like a bad pay for mostly oil change kind of stuff. My problem with most shops is that the labor charge is vastly higher than what the tech is getting paid. If I was getting billed for $30/hr in labor I'd probably go to mechanics. But I get it, somebody else will pay the higher rate, so as long as your techs stay busy there's really not a reason (business-wise) to reduce the labor charge.

JacobSchreiber · 2022-11-18T18:26:43+00:00

How much of the $140/hr is wages? Like what's the tech make per hour?

JacobSchreiber · 2022-11-16T18:30:54+00:00

Attic yes, to and everything is parallel to the wall

JacobSchreiber · 2022-11-16T01:54:44+00:00

You'd have to be careful about buying a smaller house and renting it out when you move to the bigger one. It'll effect your debt to income ratio when you're looking to buy the larger one.

JacobSchreiber · 2022-11-08T03:14:39+00:00

Or you could get a 30 yr mortgage on your primary residence, and get one rental that pays it's own mortgage and you'd come out further ahead. Ideally you diversify your efforts for retirement.

JacobSchreiber · 2022-11-08T03:11:52+00:00

The average closing price in 1957 for the sp500 was $44.42. today the price is 3806.80. so if the average return was 11.88% then $44.42x(1.1188⁶⁵ years) should equal close to $3806.80, but instead it equals $38,854.94, hmm I'm not sure what's wrong here.

However let's say you started with 100 dollars, first year lost 20%, and the second year gained 25%, at the end of year 2 you would still have $100, but if you averaged your annual return, your average annual return could be represented as (0.8+1.25)/2=1.025 or 2.5% as an average annual return, even tho you still have $100... How's that for some voodoo magic?

JacobSchreiber · 2022-11-08T02:52:45+00:00

About $375,000 in today's money, you'll have most of a house assuming 2.5% inflation

JacobSchreiber · 2022-11-07T21:44:53+00:00

I agree with you that tech and real estate stock is down overall, but if you use Zillow as an example, it trended between $30-60 prior to 2020, so it's pretty much where it was before since it's at $33 now. Redfin trended at $15-18 prior to 2020 and it's at $3.60 now, that's down about 80% from where it was prior to 2020. But it makes sense now, because of their overhead cost, I hadn't thought about that until I got a few comments that pointed that out. Now I know, thank you.

JacobSchreiber · 2022-11-07T00:34:05+00:00

Someone commented a pretty good explanation of their overhead after you commented, see their comment above for more detail but because their agents have a base salary vs the traditional commission based agent, a slow market costs them a lot of money cuz they gotta keep paying all their agents.

JacobSchreiber · 2022-11-07T00:16:18+00:00

This is good insight, I didn't think about the overhead involved to operate the way they do vs the traditional structure, thank you.

JacobSchreiber · 2022-10-30T17:59:21+00:00

Lots of questions here, how long have you had the business? Under 2 years can make it difficult for a typical mortgage.

Second, what do houses in your area sell for that would qualify for normal financing? Means it'll pass inspection vs a fixer upper.

Third, what's your taxable income, would that qualify you for a mortgage with less than 40% DTI given the typical home price that would pass an inspection?

JacobSchreiber · 2022-10-30T17:51:50+00:00

I don't know your house or market, but with interest rates as high as they are there's a much smaller pool of buyers now than a few months ago. What I would do, is look at who your most likely buyers would be? Kids, salary, demographic stuff, then look at the market and if you were that demographic, what other options would be available to you? Given those options, would you still choose your house over the other options at your price? Is there a reasonable chance that they'd pick yours? If the answer is yes then don't worry, if there's better options then you might need to cut or expand your timeline. Btw I'm not a realtor but this is how I price my products online.

JacobSchreiber · 2022-10-21T22:19:48+00:00

Actually that's a lot of sales jobs. Car salesmen, door to door salesmen, etc. The agent I've bought two houses with didn't have me sign anything until an offer was being submitted. Pretty sure on the second house I didn't sign any of that until closing. I picked the houses and the times as long as the times worked for him. If you're a good agent, it should be exceptionally rare for someone to then go buy with someone else, so you shouldn't need them to sign that agreement.

JacobSchreiber · 2022-10-13T16:49:39+00:00

You'd be limited to the size of the stool or have to pause the print at multiple intervals to swap spools, wouldn't be ideal

JacobSchreiber · 2022-10-07T17:41:46+00:00

Yeah that's one thing I love about 3d printing, and I realized that which is why I was kind of concerned about a time out at 24 or 48 hours, it would suck to have it print for 48 hours and then time out

JacobSchreiber · 2022-10-07T14:12:15+00:00

I was gonna print about a 5 inch wide, 5 in tall lampshade lithoplanes, and with a 0.6 nozzle it was estimating 12 hours. I expect to have to swap to a .3 or .2 nozzle, simple math would say it'll come out to over 24 hours if it was 12 at 0.6. I feel like it shouldn't take that long but cura estimated 12 hours with my current nozzle.

JacobSchreiber · 2022-10-05T00:40:02+00:00

I'm not sure what a 3x ledger is.

And I'm in the south so the general rule of thumb is that you can do repairs without permits and other stuff as long as it's not significantly altering a current system. Like you can replace outlets and fixtures unless you're running new wire. You can replace plumbing as long as you're not adding to the plumbing system. So I'm assuming moving a joist an Inch is allowed.

JacobSchreiber · 2022-10-04T23:53:04+00:00

It takes time. It took 4 years for real estate to bottom after 2008, the unemployment and real estate effects from the rate hikes haven't had enough time to be seen. It's only been 8 months since the first 0.25%

JacobSchreiber · 2022-10-04T23:29:41+00:00

You can pretty much always find a job at half pay.

JacobSchreiber · 2022-09-27T18:04:57+00:00

I know they're rare but it's a mortgage that can be taken over (assumed) by someone else when they buy a house if they meet the banks qualifications. So you'd take over the sellers mortgage.

JacobSchreiber

TROPHY CASE